Cost of Revenue Comparison: ServiceNow, Inc. vs TE Connectivity Ltd.

Cost of Revenue: A Tale of Two Giants

In the ever-evolving landscape of technology and connectivity, ServiceNow, Inc. and TE Connectivity Ltd. stand as titans, each with a unique trajectory in cost management. From 2014 to 2024, ServiceNow's cost of revenue surged by over 800%, reflecting its aggressive growth strategy and expanding service offerings. In contrast, TE Connectivity, a stalwart in the connectivity industry, maintained a more stable cost structure, with a modest increase of around 13% over the same period.

ServiceNow's Meteoric Rise

ServiceNow's cost of revenue, starting at approximately $250 million in 2014, reached nearly $2.3 billion by 2024. This exponential growth underscores its rapid expansion and increased operational scale.

TE Connectivity's Steady Course

Meanwhile, TE Connectivity's cost of revenue hovered around the $9 billion mark in 2014, peaking at about $11 billion in 2022, before slightly declining. This stability highlights its consistent market presence and operational efficiency.