ServiceNow (NOW) CEO Bill McDermott “Is Doing Amazing Business,” Says Jim Cramer

We recently published 12 Stocks Jim Cramer Mentioned In An Episode Where He Briefly Commented On Data Centers. ServiceNow, Inc. (NYSE:NOW) is one of the stocks Jim Cramer recently discussed.

Photo by Adam Nowakowski on Unsplash

ServiceNow, Inc. (NYSE:NOW) is a software-as-a-service (SaaS) company that enables workflow management automation. Cramer has previously discussed the firm in the context of helping the US government manage its data releases. This time, he commented on ServiceNow, Inc. (NYSE:NOW) amidst reports of the Trump administration furloughing more than half a million people:

“Yeah I think that this is the one number that could surprise. Everyone is pretty complacent about it, and some people are 700,000, some people are 900,000, what if it’s over a million? A million people furloughed? . . .I was wondering, I saw Palantir down today,  Palantir I said 50 goes to a 100, 100 goes to 150, 150 goes to 200. But, this is a company that does a lot of business. So does ServiceNow. Now I don’t think these companies are long term affected. But maybe the people they are trying to appeal to, maybe they’re furloughed. Now one thing I know when you mentioned this, these companies are very smart. And they will tell me not worry. I think the perception is that you should worry. . .I know Bill McDermott is doing amazing business. And by the way it’s really the only SaaS company that I think is triumphing over AI. But David the fact is is that if you’re trying to sell to the government those are the people may not be around?”

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.