Comparing Cost of Revenue Efficiency: ServiceNow, Inc. vs Nokia Oyj

A Tale of Two Giants: ServiceNow vs. Nokia in Cost Efficiency

In the ever-evolving tech landscape, cost efficiency is a critical metric for success. This chart compares the cost of revenue for ServiceNow, Inc. and Nokia Oyj from 2014 to 2023. Over this period, Nokia's cost of revenue has consistently been higher, peaking in 2016 at approximately 15 billion, while ServiceNow's costs have steadily increased, reaching nearly 2.3 billion in 2023.

Despite Nokia's larger scale, ServiceNow's cost efficiency has improved significantly, with a growth rate of over 800% since 2014. This trend highlights ServiceNow's agile business model and strategic cost management. Meanwhile, Nokia's cost fluctuations reflect its ongoing transformation in the telecommunications sector.

As we look to the future, the absence of Nokia's 2024 data leaves room for speculation on how these industry titans will continue to adapt and compete in the global market.