Gross Profit Trends Compared: ServiceNow, Inc. vs TE Connectivity Ltd.

Gross Profit Trends: ServiceNow, Inc. vs TE Connectivity Ltd.

In the ever-evolving landscape of technology and connectivity, ServiceNow, Inc. and TE Connectivity Ltd. have showcased remarkable growth in their gross profits over the past decade. From 2014 to 2024, ServiceNow's gross profit surged by an impressive 1,900%, reflecting its robust expansion and increasing market demand for its cloud-based solutions. In contrast, TE Connectivity, a leader in connectivity and sensor solutions, demonstrated a steady growth of approximately 16% during the same period, underscoring its resilience and consistent performance in a competitive market.

Key Insights

• ServiceNow's Growth: Starting from a modest $433 million in 2014, ServiceNow's gross profit reached nearly $8.7 billion by 2024, highlighting its rapid ascent in the tech industry.
• TE Connectivity's Stability: Despite fluctuations, TE Connectivity maintained a strong gross profit, peaking at $5.5 billion in 2024, showcasing its enduring market presence.

These trends offer a fascinating glimpse into the strategic trajectories of two industry giants, each carving its path to success.