Gross Profit Analysis: Comparing ServiceNow, Inc. and Motorola Solutions, Inc.

Gross Profit Growth: ServiceNow vs. Motorola Solutions

In the dynamic world of technology, ServiceNow, Inc. and Motorola Solutions, Inc. have showcased remarkable growth trajectories in their gross profits over the past decade. Starting in 2014, Motorola Solutions had a strong lead, but ServiceNow has been closing the gap rapidly. By 2023, ServiceNow's gross profit surged to approximately 7.05 billion, marking a staggering increase of over 1500% from its 2014 figures. Meanwhile, Motorola Solutions experienced a steady growth of around 75% during the same period, reaching nearly 5 billion in 2023.

This trend highlights ServiceNow's aggressive expansion and market penetration, particularly in the cloud computing sector. As we look towards 2024, ServiceNow's continued growth is anticipated, although data for Motorola Solutions remains unavailable. This comparison underscores the shifting dynamics in the tech industry, where innovation and adaptability are key to maintaining competitive advantage.