Selling, General, and Administrative Costs: Palo Alto Networks, Inc. vs Cognizant Technology Solutions Corporation

A Comparative Analysis of SG&A Expenses: Palo Alto Networks vs. Cognizant Technology Solutions

In the ever-evolving landscape of technology, understanding the financial strategies of industry leaders is crucial. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two tech giants: Palo Alto Networks, Inc. and Cognizant Technology Solutions Corporation, from 2014 to 2023.

Cognizant Technology Solutions, a stalwart in IT services, has consistently maintained higher SG&A expenses, peaking at approximately $3.5 billion in 2021. This reflects their expansive global operations and strategic investments in client services. In contrast, Palo Alto Networks, a leader in cybersecurity, has shown a remarkable growth trajectory, with SG&A expenses surging by over 750% from 2014 to 2023, reaching nearly $3.5 billion. This underscores their aggressive market expansion and innovation-driven approach.

Interestingly, while Cognizant's expenses have plateaued, Palo Alto Networks continues its upward trend, hinting at a dynamic shift in the tech landscape.