Selling, General, and Administrative Costs: ServiceNow, Inc. vs Nokia Oyj

A Tale of Two Giants: ServiceNow, Inc. vs Nokia Oyj

In the ever-evolving landscape of global business, the Selling, General, and Administrative (SG&A) expenses of companies offer a window into their operational strategies. Over the past decade, ServiceNow, Inc. and Nokia Oyj have showcased contrasting trajectories in their SG&A expenditures. From 2014 to 2023, ServiceNow's SG&A costs surged by nearly 850%, reflecting its aggressive growth and expansion strategy. In contrast, Nokia's expenses remained relatively stable, with a modest increase of around 80% over the same period.

Key Insights

• ServiceNow's Growth: By 2023, ServiceNow's SG&A expenses reached a peak, indicating its commitment to scaling operations and enhancing market presence.
• Nokia's Stability: Despite fluctuations, Nokia maintained a consistent SG&A expenditure, highlighting its focus on steady operations.

This comparison underscores the diverse approaches of these industry leaders in navigating the complexities of the global market.