R&D Spending Showdown: ServiceNow, Inc. vs PTC Inc.

ServiceNow's R&D spending outpaces PTC by over 1,600% since 2014.

__timestampPTC Inc.ServiceNow, Inc.
Wednesday, January 1, 2014226496000148258000
Thursday, January 1, 2015227513000217389000
Friday, January 1, 2016229331000285239000
Sunday, January 1, 2017236059000377518000
Monday, January 1, 2018249774000529501000
Tuesday, January 1, 2019246888000748369000
Wednesday, January 1, 20202565750001024327000
Friday, January 1, 20212999170001397000000
Saturday, January 1, 20223388220001768000000
Sunday, January 1, 20233943700002124000000
Monday, January 1, 20244330470002543000000
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In pursuit of knowledge

The Evolution of R&D Spending: ServiceNow vs. PTC

In the dynamic world of technology, research and development (R&D) is the lifeblood of innovation. Over the past decade, ServiceNow, Inc. and PTC Inc. have been at the forefront of this innovation race. Since 2014, ServiceNow has consistently increased its R&D spending, growing by an impressive 1,615% by 2024. This surge underscores its commitment to staying ahead in the competitive tech landscape. In contrast, PTC Inc. has shown a steady, albeit slower, growth of 91% in the same period. This difference highlights ServiceNow's aggressive strategy to innovate and expand its market share. As we look to the future, these trends suggest that ServiceNow is poised to continue its upward trajectory, while PTC may need to rethink its R&D strategies to keep pace.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025