According to CoinMeta, ServiceNow ( NYSE : NOW ) stated during its latest financial report conference call that its cybersecurity business has surpassed one billion dollars in annual contract value and claimed that its growth rate exceeds that of top cybersecurity companies. CEO Bill McDermott mentioned that the company's cybersecurity solutions have been incorporated into 80% of the largest transactions. Despite the impact of investors' concerns regarding software as a service ( SaaS ) on the stock over the past year, McDermott remains optimistic about the future of ServiceNow.