Cost of Revenue: Key Insights for ServiceNow, Inc. and Accenture plc

Cost of Revenue: A Comparative Analysis of ServiceNow, Inc. and Accenture plc

In the ever-evolving landscape of technology and consulting, understanding the cost of revenue is crucial for assessing a company's financial health. Over the past decade, Accenture plc has consistently demonstrated robust growth, with its cost of revenue increasing by nearly 97% from 2014 to 2024. This reflects Accenture's expansive global operations and its ability to scale efficiently. In contrast, ServiceNow, Inc., a leader in cloud-based solutions, has seen its cost of revenue skyrocket by over 800% during the same period, highlighting its rapid growth trajectory and increasing market penetration.

Key Insights

• Accenture plc: From 2014 to 2024, Accenture's cost of revenue grew from approximately $22 billion to $44 billion, showcasing its steady expansion in the consulting sector.
• ServiceNow, Inc.: Starting at a modest $248 million in 2014, ServiceNow's cost of revenue surged to $2.3 billion by 2024, underscoring its aggressive growth strategy in the tech industry.