Gross Profit Trends Compared: ServiceNow, Inc. vs Western Digital Corporation

ServiceNow's growth outpaces Western Digital's decline in gross profit.

__timestampServiceNow, Inc.Western Digital Corporation
Wednesday, January 1, 20144337870004360000000
Thursday, January 1, 20156760670004221000000
Friday, January 1, 20169918310003435000000
Sunday, January 1, 201714332540006072000000
Monday, January 1, 201819861580007705000000
Tuesday, January 1, 201926637920003752000000
Wednesday, January 1, 202035323710003781000000
Friday, January 1, 202145430000004521000000
Saturday, January 1, 202256720000005874000000
Sunday, January 1, 202370500000001887000000
Monday, January 1, 202486970000002945000000
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Gross Profit Trends: ServiceNow vs. Western Digital

In the ever-evolving landscape of technology, ServiceNow, Inc. and Western Digital Corporation have showcased contrasting trajectories in their gross profit trends from 2014 to 2024. ServiceNow, a leader in cloud-based services, has experienced a remarkable growth, with its gross profit surging by over 1,900% from 2014 to 2024. This growth reflects the increasing demand for digital transformation solutions.

Conversely, Western Digital, a stalwart in data storage, has faced a more volatile journey. Despite peaking in 2018, its gross profit has seen a decline, dropping by approximately 62% from 2018 to 2023. This shift underscores the challenges faced by traditional hardware companies in adapting to the cloud era.

These trends highlight the dynamic nature of the tech industry, where innovation and adaptability are key to sustained success.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025