Gross Profit Trends: ServiceNow vs. Ericsson

In the ever-evolving tech landscape, ServiceNow, Inc. and Telefonaktiebolaget LM Ericsson (publ) stand as giants in their respective domains. Over the past decade, ServiceNow has demonstrated a remarkable growth trajectory, with its gross profit surging from approximately $434 million in 2014 to an impressive $8.7 billion in 2024. This represents a staggering increase of nearly 1,900%, underscoring its rapid expansion in the cloud computing sector.

Conversely, Ericsson, a stalwart in telecommunications, has shown consistent profitability, peaking at around $113 billion in 2022. However, the data for 2024 remains elusive, leaving room for speculation on its current financial standing. This comparison highlights the dynamic nature of the tech industry, where innovation and adaptation are key. As ServiceNow continues its upward trajectory, Ericsson's steady performance reaffirms its enduring legacy in global communications.