SG&A Expenses: A Tale of Two Giants

In the ever-evolving landscape of technology, ServiceNow, Inc. and Intel Corporation stand as titans, each with its unique trajectory in managing Selling, General, and Administrative (SG&A) expenses. Over the past decade, Intel's SG&A expenses have shown a downward trend, decreasing by approximately 31% from 2014 to 2023. This reflects Intel's strategic cost management amidst a competitive semiconductor market.

Conversely, ServiceNow has experienced a remarkable surge in SG&A expenses, growing over tenfold from 2014 to 2023. This increase underscores ServiceNow's aggressive expansion and investment in scaling its cloud-based services. Notably, in 2023, ServiceNow's SG&A expenses surpassed Intel's, highlighting a pivotal shift in the tech industry dynamics.

While Intel's data for 2024 remains unavailable, ServiceNow's continued growth trajectory is evident, with projected expenses reaching new heights. This comparison offers a fascinating glimpse into the contrasting strategies of these industry leaders.