Software stocks surged as ServiceNow, Snowflake, Microsoft and others rally on upbeat earnings and AI optimism.
ServiceNow's gross margin has slipped from about 80% in fiscal year 2024 to 75% as of the end of the first quarter this year. While subscription margins appear relatively strong in the mid-70% range, ...
ServiceNow is mispriced due to AI-driven SaaS sector fears, despite robust fundamentals and a differentiated business model.
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