Comparing SG&A Expenses: Dell Technologies Inc. vs CyberArk Software Ltd. Trends and Insights

SG&A Expenses: A Tale of Two Companies

In the ever-evolving tech landscape, understanding the financial strategies of industry giants is crucial. Dell Technologies Inc. and CyberArk Software Ltd. offer a fascinating study in contrasts when it comes to Selling, General, and Administrative (SG&A) expenses. Over the past decade, Dell's SG&A expenses have consistently dwarfed those of CyberArk, reflecting its expansive operational scale. In 2023, Dell's expenses were approximately 28 times higher than CyberArk's, highlighting its vast market reach. However, CyberArk has shown a remarkable growth trajectory, with its SG&A expenses increasing by over 800% from 2014 to 2023. This surge underscores CyberArk's aggressive expansion and investment in market penetration. Notably, Dell's expenses peaked in 2019, while CyberArk's continued to rise, indicating differing strategic focuses. As we look to 2024, Dell's projected decrease in expenses suggests a shift towards efficiency, while CyberArk's data remains to be seen.