Gross Profit Analysis: Comparing ServiceNow, Inc. and NetApp, Inc.

Gross Profit Growth: ServiceNow vs. NetApp

In the dynamic world of technology, ServiceNow, Inc. and NetApp, Inc. have shown remarkable trajectories in their gross profit over the past decade. From 2014 to 2024, ServiceNow's gross profit surged by an impressive 1,900%, reflecting its robust growth and market adaptation. In contrast, NetApp's gross profit exhibited a steady increase of around 13%, showcasing its consistent performance in the storage and data management sector.

A Decade of Transformation

ServiceNow's journey from a gross profit of approximately $434 million in 2014 to nearly $8.7 billion in 2024 highlights its strategic expansion and innovation in cloud-based solutions. Meanwhile, NetApp's gross profit, starting at about $3.9 billion in 2014, reached $4.4 billion in 2024, underscoring its resilience and sustained demand in a competitive market. This analysis provides a compelling insight into how these tech giants have navigated the evolving landscape over the years.