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via saastr.comTech & AI

SaaS isn't dead, old SaaS is: Sierra adds $150M ARR, ServiceNow drops 27% in a day

FROM THE WIRE · SAASTR.COM

Two things happened within 24 hours this week. Together they say more about where B2B is going than most of the “SaaS is dead” takes from the past 18 months. On Thursday, shares of Serv…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishServiceNow's 27% one-day drop signals heavy pressure on valuations of traditional SaaS names.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Sierra added $150M in ARR in one quarter.
  2. 02ServiceNow shares fell 27% in one day.
  3. 03The article argues B2B is moving toward new models.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
ServiceNow, Inc.NOWStock105.12 USDMarket closedtoday -4.15%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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