Annual Revenue Comparison: ServiceNow, Inc. vs II-VI Incorporated

A Tale of Two Innovators: ServiceNow, Inc. vs II-VI Incorporated

In the dynamic world of technology and manufacturing, ServiceNow, Inc. and II-VI Incorporated have carved distinct paths over the past decade. Since 2014, ServiceNow has consistently outpaced II-VI in revenue growth, showcasing a remarkable 1,200% increase by 2023. This surge reflects the growing demand for digital workflow solutions, positioning ServiceNow as a leader in the tech industry.

Conversely, II-VI Incorporated, a key player in engineered materials and optoelectronic components, has experienced a steady revenue climb, achieving a 650% growth over the same period. This growth underscores the increasing reliance on advanced materials in various sectors, from telecommunications to aerospace.

While ServiceNow's revenue reached nearly $11 billion in 2023, II-VI's figures were slightly over $5 billion, highlighting the contrasting scales of their operations. As we look to the future, the absence of 2024 data for II-VI leaves room for speculation on its next strategic move.