Cost of Revenue Trends: ServiceNow, Inc. vs Manhattan Associates, Inc.

Cost of Revenue Trends: A Tale of Two Companies

In the ever-evolving landscape of technology, ServiceNow, Inc. and Manhattan Associates, Inc. have showcased distinct trajectories in their cost of revenue from 2014 to 2023. ServiceNow, a leader in cloud-based solutions, has seen its cost of revenue skyrocket by over 670%, reflecting its aggressive growth strategy and expanding market presence. In contrast, Manhattan Associates, a supply chain solutions provider, experienced a more modest increase of approximately 102% over the same period.

A Closer Look at the Numbers

ServiceNow's cost of revenue surged from around $249 million in 2014 to nearly $1.92 billion in 2023, highlighting its rapid expansion and increased operational scale. Meanwhile, Manhattan Associates' cost of revenue grew from approximately $213 million to $431 million, indicating steady growth. Notably, 2024 data for Manhattan Associates is missing, suggesting potential shifts or strategic changes.

These trends underscore the dynamic nature of the tech industry, where companies must balance growth with cost management.