Annual Revenue Comparison: ServiceNow, Inc. vs Pure Storage, Inc.

A Decade of Growth: ServiceNow, Inc. vs Pure Storage, Inc.

In the ever-evolving tech landscape, ServiceNow, Inc. and Pure Storage, Inc. have emerged as formidable players. Over the past decade, ServiceNow has consistently outpaced Pure Storage in revenue growth. Starting in 2014, ServiceNow's revenue was approximately 16 times that of Pure Storage. By 2023, ServiceNow's revenue surged to nearly 9 times its 2014 figure, reaching over $10 billion, while Pure Storage grew to about 66 times its initial revenue, hitting nearly $2.8 billion.

Key Insights

• ServiceNow's Dominance: ServiceNow's revenue growth reflects its strong market position, with a compound annual growth rate (CAGR) of around 30%.
• Pure Storage's Rapid Expansion: Despite being smaller, Pure Storage's CAGR of approximately 60% highlights its aggressive expansion strategy.

This comparison underscores the dynamic nature of the tech industry, where innovation and strategic growth are key to success.