Latest news with #FredLuddy
Entrepreneur
9 hours ago
- Business
- Entrepreneur
Several Tailwinds Powering ServiceNow India's Growth: Sumeet Mathur
Over the past decade, the company's presence in India has transformed into a microcosm of its global organization. The India team has tripled in size in just two years, with 1 in 3 ServiceNow engineers globally now based in India. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Tech 25: Sumeet Mathur, SVP and MD, ServiceNow India ServiceNow was founded in 2004 by Fred Luddy with a simple yet powerful vision: to make work easier for people by creating a cloud-based platform that could streamline and automate routine IT service management tasks. It was incorporated as Glidesoft, Inc. in 2003, but formally established and became ServiceNow in 2004. Initially focused on IT Service Management (ITSM), the company offered a modern alternative to legacy systems, enabling faster, more efficient service delivery. Over the years, ServiceNow has evolved into a leading enterprise platform, expanding its capabilities beyond IT to include workflows for customer service, HR, security, operations, and more. Globally, ServiceNow caters to 85 per cent of Fortune 500 companies and closed 2024 with USD 10.27 billion in revenue, marking 19 per cent year-on-year growth. India has played an increasingly pivotal role in ServiceNow's global growth story under the leadership of Sumeet Mathur, SVP and MD, ServiceNow India. Over the past decade, the company's presence in India has transformed into a microcosm of its global organization. The India team has tripled in size in just two years, with 1 in 3 ServiceNow engineers globally now based in India. Engineers and developers make up 85 per cent of the India workforce, which now accounts for over 20 per cent of the company's global headcount. The Hyderabad office has become its largest employee hub worldwide. ServiceNow India supports many of the country's top technology providers and is trusted by four out of India's top five banks. Recently, ServiceNow has introduced new AI innovations that drive real productivity gains. Unlike many AI agents trapped in isolated silos – like chatbots limited to CRM apps – ServiceNow believes its AI agents are deeply integrated across the entire enterprise. Mathur believes ServiceNow stays ahead of the curve by consistently innovating its platform, investing in AI and automation, and staying closely aligned with customer needs. "Central to this strategy is putting AI to work for people – using generative AI and machine learning to make work more intuitive, intelligent, and efficient across the enterprise," he says. In addition to a favourable technology environment, there are several tailwinds powering ServiceNow India's growth. With over 1,600 global capability centres (GCCs), the country is home to some of the most digitally mature hubs driving cutting-edge innovations – areas where ServiceNow is uniquely positioned to lead. "India is undergoing a remarkable transformation – from a labour-driven economy to an AI-first powerhouse – and is poised to become the world's third-largest economy by 2027. We are seeing strong momentum, with four of India's five largest banks leveraging our platform and an 80 per cent growth in our partner ecosystem over the past year. The next frontier is manufacturing, where we aim to drive global competitiveness through digital transformation. At the same time, India is emerging as a key player in the global shift toward Agentic AI. ServiceNow is uniquely positioned to lead this evolution," says Mathur. Company Facts: Year of Inception: 2004 Current Employee Count: 26,698 employees globally as of Q1 2025; 20% of global workforce based in India Major Clients: LTIMindtree, Wipro, Infosys, Poonawalla Fincorp, Mindsprint Any IP developed/patented: 2,247 total patents (granted) assets globally
Yahoo
19-06-2025
- Business
- Yahoo
3 S&P 500 Stocks to Own for Decades
The S&P 500 (^GSPC) is packed with companies that have built dominant market positions, making it a core index for investors. A select few continue to innovate and expand, setting themselves up for long-term success. Identifying the best companies in the S&P 500 isn't always easy, and that's why we started StockStory. That said, here are three S&P 500 stocks positioned to outperform. Market Cap: $203.7 billion Founded by Fred Luddy, who coded the company's initial prototype on a flight from San Francisco to London, ServiceNow (NYSE:NOW) is a software provider helping companies automate workflows across IT, HR, and customer service. Why Will NOW Beat the Market? Growth in its current remaining performance obligations (cRPO) has averaged 22.3% over the last year, showing it has a steady sales pipeline that will drive future revenue Excellent operating margin highlights the efficiency of its business model, and it turbocharged its profits by achieving some fixed cost leverage Strong free cash flow margin of 32.1% enables it to reinvest or return capital consistently ServiceNow's stock price of $983.97 implies a valuation ratio of 15.1x forward price-to-sales. Is now the time to initiate a position? Find out in our full research report, it's free. Market Cap: $93.64 billion With low-pressure heating systems as its first product, Trane (NYSE:TT) designs, manufactures, and sells HVAC and refrigeration systems, the former to commercial and residential building customers and the latter to commercial truck manufacturers. Why Do We Love TT? Annual revenue growth of 11.6% over the past two years was outstanding, reflecting market share gains this cycle Share repurchases over the last two years enabled its annual earnings per share growth of 23.7% to outpace its revenue gains Market-beating returns on capital illustrate that management has a knack for investing in profitable ventures, and its rising returns show it's making even more lucrative bets At $419.83 per share, Trane Technologies trades at 32.1x forward P/E. Is now a good time to buy? See for yourself in our comprehensive research report, it's free. Market Cap: $57.52 billion Formerly known as AmerisourceBergen until its 2023 rebranding, Cencora (NYSE:COR) is a global pharmaceutical distribution company that connects manufacturers with healthcare providers while offering logistics, data analytics, and consulting services. Why Are We Bullish on COR? Unparalleled scale of $310.2 billion in revenue enables it to spread administrative costs across a larger membership base Share repurchases have amplified shareholder returns as its annual earnings per share growth of 14.5% exceeded its revenue gains over the last five years ROIC punches in at 57.3%, illustrating management's expertise in identifying profitable investments Cencora is trading at $298.14 per share, or 18.3x forward P/E. Is now the right time to buy? Find out in our full research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today for free. Sign in to access your portfolio
Yahoo
07-06-2025
- Business
- Yahoo
1 Cash-Producing Stock with Impressive Fundamentals and 2 to Question
A company that generates cash isn't automatically a winner. Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand. Cash flow is valuable, but it's not everything - StockStory helps you identify the companies that truly put it to work. Keeping that in mind, here is one cash-producing company that reinvests wisely to drive long-term success and two best left off your watchlist. Trailing 12-Month Free Cash Flow Margin: 1.4% Largely targeting the professional customer, Genuine Parts (NYSE:GPC) sells auto and industrial parts such as batteries, belts, bearings, and machine fluids. Why Is GPC Not Exciting? Annual sales growth of 4.2% over the last six years lagged behind its consumer retail peers as its large revenue base made it difficult to generate incremental demand Weak same-store sales trends over the past two years suggest there may be few opportunities in its core markets to open new locations Day-to-day expenses have swelled relative to revenue over the last year as its operating margin fell by 2.1 percentage points Genuine Parts's stock price of $126.25 implies a valuation ratio of 15.3x forward P/E. If you're considering GPC for your portfolio, see our FREE research report to learn more. Trailing 12-Month Free Cash Flow Margin: 1.8% Founded in 1971, Marcus & Millichap (NYSE:MMI) specializes in commercial real estate investment sales, financing, research, and advisory services. Why Should You Sell MMI? Annual sales declines of 3.2% for the past five years show its products and services struggled to connect with the market Cash-burning history makes us doubt the long-term viability of its business model Waning returns on capital imply its previous profit engines are losing steam Marcus & Millichap is trading at $30.21 per share, or 299.2x forward P/E. Read our free research report to see why you should think twice about including MMI in your portfolio, it's free. Trailing 12-Month Free Cash Flow Margin: 32.1% Founded by Fred Luddy, who coded the company's initial prototype on a flight from San Francisco to London, ServiceNow (NYSE:NOW) is a software provider helping companies automate workflows across IT, HR, and customer service. Why Will NOW Outperform? Sales pipeline is in good shape as its current remaining performance obligations (cRPO) averaged 22.3% growth over the last year Excellent operating margin highlights the efficiency of its business model, and it turbocharged its profits by achieving some fixed cost leverage Strong free cash flow margin enables it to reinvest or return capital consistently At $1,017 per share, ServiceNow trades at 15.7x forward price-to-sales. Is now the time to initiate a position? See for yourself in our in-depth research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
1 Cash-Heavy Stock Worth Your Attention and 2 to Steer Clear Of
A cash-heavy balance sheet is often a sign of strength, but not always. Some companies avoid debt because they have weak business models, limited expansion opportunities, or inconsistent cash flow. Not all businesses with cash are winners, and that's why we built StockStory - to help you separate the good from the bad. Keeping that in mind, here is one company with a net cash position that balances growth with stability and two best left off your watchlist. Net Cash Position: $172.1 million (1.9% of Market Cap) Founded in 1851, The New York Times (NYSE:NYT) is an American media organization known for its influential newspaper and expansive digital journalism platforms. Why Is NYT Not Exciting? Demand for its offerings was relatively low as its number of subscribers has underwhelmed Projected sales growth of 5.9% for the next 12 months suggests sluggish demand Waning returns on capital imply its previous profit engines are losing steam At $55.41 per share, The New York Times trades at 25.8x forward P/E. Read our free research report to see why you should think twice about including NYT in your portfolio, it's free. Net Cash Position: $136.4 million (14.8% of Market Cap) With over 2.5 million implants performed worldwide, STAAR Surgical (NASDAQ:STAA) designs and manufactures implantable lenses that correct vision problems without removing the eye's natural lens. Why Do We Avoid STAA? Constant currency revenue growth has disappointed over the past two years and shows demand was soft Free cash flow margin dropped by 26.6 percentage points over the last five years, implying the company became more capital intensive as competition picked up Diminishing returns on capital suggest its earlier profit pools are drying up STAAR Surgical is trading at $18.68 per share, or 3.2x forward price-to-sales. If you're considering STAA for your portfolio, see our FREE research report to learn more. Net Cash Position: $4.20 billion (2% of Market Cap) Founded by Fred Luddy, who coded the company's initial prototype on a flight from San Francisco to London, ServiceNow (NYSE:NOW) is a software provider helping companies automate workflows across IT, HR, and customer service. Why Are We Bullish on NOW? Demand is healthy as its current remaining performance obligations (cRPO) have averaged 22.3% growth over the last year, showing it's securing new contracts for services yet to be fulfilled Healthy operating margin of 12.9% shows it's a well-run company with efficient processes, and its rise over the last year was fueled by some leverage on its fixed costs Impressive free cash flow profitability enables the company to fund new investments or reward investors with share buybacks/dividends ServiceNow's stock price of $1,004 implies a valuation ratio of 15.5x forward price-to-sales. Is now the right time to buy? Find out in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free.
Yahoo
14-05-2025
- Business
- Yahoo
1 Momentum Stock with Impressive Fundamentals and 2 to Approach with Caution
The stocks featured in this article are seeing some big returns. Over the past month, they've outpaced the market due to new product launches, positive news, or even a dedicated social media following. While momentum can be a leading indicator, it has burned many investors as it doesn't always correlate with long-term success. All that said, here is one stock with lasting competitive advantages and two not so much. One-Month Return: +7.4% Established in 2013 after a restructuring, News Corp (NASDAQ:NWSA) is a multinational conglomerate known for its news publishing, broadcasting, digital media, and book publishing. Why Are We Out on NWSA? Products and services aren't resonating with the market as its revenue declined by 1.4% annually over the last five years Sales are expected to decline once again over the next 12 months as it continues working through a challenging demand environment Underwhelming 6.3% return on capital reflects management's difficulties in finding profitable growth opportunities News Corp's stock price of $28.22 implies a valuation ratio of 31.6x forward P/E. Dive into our free research report to see why there are better opportunities than NWSA. One-Month Return: +32.2% With humble beginnings as a dump truck company, Terex (NYSE:TEX) today manufactures lifting and material handling equipment designed to move and hoist heavy goods and materials. Why Are We Hesitant About TEX? Organic revenue growth fell short of our benchmarks over the past two years and implies it may need to improve its products, pricing, or go-to-market strategy Earnings per share have dipped by 16.4% annually over the past two years, which is concerning because stock prices follow EPS over the long term 6.1 percentage point decline in its free cash flow margin over the last five years reflects the company's increased investments to defend its market position At $46.65 per share, Terex trades at 9.6x forward P/E. Check out our free in-depth research report to learn more about why TEX doesn't pass our bar. One-Month Return: +29.7% Founded by Fred Luddy, who coded the company's initial prototype on a flight from San Francisco to London, ServiceNow (NYSE:NOW) is a software provider helping companies automate workflows across IT, HR, and customer service. Why Are We Backing NOW? Sales pipeline is in good shape as its current remaining performance obligations (cRPO) averaged 22.3% growth over the last year Disciplined cost controls and effective management resulted in a strong trailing 12-month operating margin of 12.9%, and its rise over the last year was fueled by some leverage on its fixed costs NOW is a free cash flow machine with the flexibility to invest in growth initiatives or return capital to shareholders ServiceNow is trading at $1,037 per share, or 16x forward price-to-sales. Is now a good time to buy? See for yourself in our full research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today for free.
