Research and Development Expenses Breakdown: ServiceNow, Inc. vs ANSYS, Inc.

A Decade of Innovation: R&D Spending Trends

In the ever-evolving tech landscape, research and development (R&D) are pivotal for companies aiming to stay ahead. Over the past decade, ServiceNow, Inc. and ANSYS, Inc. have demonstrated contrasting yet intriguing R&D investment strategies.

ServiceNow, Inc.: A Rapid Climb

Since 2014, ServiceNow has consistently increased its R&D spending, reflecting its commitment to innovation. By 2023, its R&D expenses surged by over 1,300%, reaching a peak of $2.12 billion. This aggressive investment underscores ServiceNow's strategy to expand its cloud-based services and maintain its competitive edge.

ANSYS, Inc.: Steady and Strategic

Conversely, ANSYS has adopted a more measured approach, with a 200% increase in R&D spending over the same period. By 2023, ANSYS's R&D expenses reached $494 million, highlighting its focus on enhancing simulation software capabilities.

These trends reveal distinct paths to innovation, with ServiceNow's rapid growth contrasting ANSYS's steady progression.