| __timestamp | PTC Inc. | Palo Alto Networks, Inc. |
|---|---|---|
| Wednesday, January 1, 2014 | 226496000 | 104813000 |
| Thursday, January 1, 2015 | 227513000 | 185828000 |
| Friday, January 1, 2016 | 229331000 | 284200000 |
| Sunday, January 1, 2017 | 236059000 | 347400000 |
| Monday, January 1, 2018 | 249774000 | 400700000 |
| Tuesday, January 1, 2019 | 246888000 | 539500000 |
| Wednesday, January 1, 2020 | 256575000 | 768100000 |
| Friday, January 1, 2021 | 299917000 | 1140400000 |
| Saturday, January 1, 2022 | 338822000 | 1417700000 |
| Sunday, January 1, 2023 | 394370000 | 1604000000 |
| Monday, January 1, 2024 | 433047000 | 1809400000 |
Unlocking the unknown
In the ever-evolving landscape of technology, research and development (R&D) investments are pivotal for companies striving to maintain a competitive edge. Over the past decade, Palo Alto Networks, Inc. and PTC Inc. have demonstrated a steadfast commitment to innovation through their R&D expenditures.
From 2014 to 2024, Palo Alto Networks has increased its R&D spending by an impressive 1,630%, reflecting its dedication to cybersecurity advancements. By 2023, the company allocated nearly $1.6 billion to R&D, underscoring its role as a leader in the tech industry.
PTC Inc., a key player in digital transformation, has also shown consistent growth in R&D investments, with a 91% increase over the same period. By 2023, PTC's R&D expenses reached approximately $394 million, highlighting its focus on innovation in product lifecycle management.
These investments not only fuel technological breakthroughs but also shape the future of their respective industries.
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