| __timestamp | Palo Alto Networks, Inc. | Splunk Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 104813000 | 75895000 |
| Thursday, January 1, 2015 | 185828000 | 150790000 |
| Friday, January 1, 2016 | 284200000 | 215309000 |
| Sunday, January 1, 2017 | 347400000 | 295850000 |
| Monday, January 1, 2018 | 400700000 | 301114000 |
| Tuesday, January 1, 2019 | 539500000 | 441969000 |
| Wednesday, January 1, 2020 | 768100000 | 619800000 |
| Friday, January 1, 2021 | 1140400000 | 791026000 |
| Saturday, January 1, 2022 | 1417700000 | 1029574000 |
| Sunday, January 1, 2023 | 1604000000 | 997170000 |
| Monday, January 1, 2024 | 1809400000 | 918834000 |
Unleashing insights
In the ever-evolving tech landscape, research and development (R&D) spending is a critical indicator of a company's commitment to innovation. Over the past decade, Palo Alto Networks and Splunk have been at the forefront of this race. Since 2014, Palo Alto Networks has consistently outpaced Splunk in R&D investment, with a staggering 1,600% increase by 2023. In contrast, Splunk's R&D spending grew by approximately 1,200% over the same period.
Palo Alto Networks' R&D expenses surged from just over $100 million in 2014 to nearly $1.8 billion in 2024, reflecting its aggressive push to maintain a competitive edge in cybersecurity. Meanwhile, Splunk's investment rose from around $76 million to over $900 million, underscoring its dedication to data analytics advancements. This financial commitment highlights the strategic priorities of these tech giants as they navigate the challenges and opportunities of the digital age.
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