Comparing Innovation Spending: Palo Alto Networks, Inc. and Workday, Inc.

Tech Giants' R&D Spending: A Decade of Innovation

__timestampPalo Alto Networks, Inc.Workday, Inc.
Wednesday, January 1, 2014104813000182116000
Thursday, January 1, 2015185828000316868000
Friday, January 1, 2016284200000469944000
Sunday, January 1, 2017347400000680531000
Monday, January 1, 2018400700000910584000
Tuesday, January 1, 20195395000001211832000
Wednesday, January 1, 20207681000001549906000
Friday, January 1, 202111404000001721222000
Saturday, January 1, 202214177000001879220000
Sunday, January 1, 202316040000002270660000
Monday, January 1, 202418094000002464000000
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Data in motion

Innovation Spending: A Tale of Two Tech Giants

In the ever-evolving tech landscape, innovation is the lifeblood of success. Palo Alto Networks, Inc. and Workday, Inc. exemplify this with their substantial investments in research and development (R&D) over the past decade. From 2014 to 2024, Workday's R&D expenses surged by over 1,250%, while Palo Alto Networks saw an impressive increase of approximately 1,630%. This growth underscores their commitment to staying ahead in cybersecurity and enterprise software, respectively.

A Decade of Growth

In 2014, Workday's R&D spending was about 74% higher than Palo Alto Networks. Fast forward to 2024, and Workday's investment remains robust, but Palo Alto Networks has closed the gap significantly, with its R&D expenses now only 29% less than Workday's. This trend highlights the fierce competition and the relentless pursuit of innovation in the tech industry.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025