Cost Management Insights: SG&A Expenses for Broadcom Inc. and Workday, Inc.

Navigating SG&A Expenses: A Tale of Two Tech Giants

In the ever-evolving tech landscape, effective cost management is crucial for sustained growth. Broadcom Inc. and Workday, Inc., two industry leaders, have demonstrated contrasting strategies in managing their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2024, Broadcom's SG&A expenses surged by over 1,100%, peaking at nearly $5 billion in 2024. This reflects a strategic expansion and investment in operational capabilities. Meanwhile, Workday's expenses grew by approximately 980%, reaching $2.8 billion in the same year, indicating a robust scaling of its cloud-based solutions. Notably, both companies experienced significant expense increases post-2019, aligning with broader industry trends of digital transformation and increased competition. As these tech titans continue to innovate, their SG&A strategies will be pivotal in maintaining competitive edges and driving future growth.