Andrew Reed / @andrew__reed (RSS Feed) on Nostr: The year before their IPO, ServiceNow spent 7.5% of revenue on R&D. $7M/yr in expense ...

The year before their IPO, ServiceNow spent 7.5% of revenue on R&D. $7M/yr in expense on $93M in revenue.

File under: reasons to ignore most SaaS benchmarking

https://nitter.moomoo.me/andrew__reed/status/1679606282679091200#m