Operational Costs Compared: SG&A Analysis of ServiceNow, Inc. and TE Connectivity Ltd.

A Decade of SG&A: ServiceNow vs. TE Connectivity

In the ever-evolving landscape of operational costs, ServiceNow, Inc. and TE Connectivity Ltd. present a fascinating study in contrasts. Over the past decade, ServiceNow has seen its Selling, General, and Administrative (SG&A) expenses skyrocket by over 1,000%, reflecting its rapid growth and expansion in the tech industry. In 2014, ServiceNow's SG&A expenses were just 23% of TE Connectivity's, but by 2024, they are projected to surpass TE Connectivity's by 176%.

Conversely, TE Connectivity's SG&A expenses have remained relatively stable, with a modest increase of about 8% over the same period. This stability underscores TE Connectivity's mature market position and efficient cost management strategies. As we look to the future, these trends highlight the dynamic nature of operational costs and the strategic decisions companies must make to balance growth and efficiency.