ServiceNow, Inc. vs Seagate Technology Holdings plc: A Gross Profit Performance Breakdown

ServiceNow's rise vs. Seagate's decline: A tech industry insight.

__timestampSeagate Technology Holdings plcServiceNow, Inc.
Wednesday, January 1, 20143846000000433787000
Thursday, January 1, 20153809000000676067000
Friday, January 1, 20162615000000991831000
Sunday, January 1, 201731740000001433254000
Monday, January 1, 201833640000001986158000
Tuesday, January 1, 201929320000002663792000
Wednesday, January 1, 202028420000003532371000
Friday, January 1, 202129170000004543000000
Saturday, January 1, 202234690000005672000000
Sunday, January 1, 202313510000007050000000
Monday, January 1, 202415460000008697000000
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Cracking the code

A Tale of Two Tech Giants: ServiceNow vs. Seagate

In the ever-evolving tech landscape, ServiceNow, Inc. and Seagate Technology Holdings plc have carved distinct paths. Over the past decade, ServiceNow has seen a meteoric rise in gross profit, surging from a modest $434 million in 2014 to an impressive $8.7 billion in 2024. This represents a staggering growth of nearly 1,900%, underscoring its dominance in the cloud-based services sector.

Conversely, Seagate, a stalwart in data storage solutions, has experienced fluctuations. From a peak gross profit of $3.8 billion in 2014, it dipped to $1.5 billion by 2024, reflecting a 60% decline. This shift highlights the challenges traditional hardware companies face in adapting to the digital age.

As we look to the future, the contrasting trajectories of these companies offer valuable insights into the broader tech industry's transformation.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
28 Jan 2025