SG&A Expense Trends: ServiceNow, Inc. vs Teradyne, Inc.

In the dynamic world of technology, understanding financial trends is crucial. ServiceNow, Inc. and Teradyne, Inc. have shown distinct trajectories in their Selling, General, and Administrative (SG&A) expenses over the past decade. From 2014 to 2023, ServiceNow's SG&A expenses surged by over 900%, reflecting its aggressive growth strategy and market expansion. In contrast, Teradyne's expenses grew by approximately 79%, indicating a more stable and controlled financial approach.

Key Insights

• ServiceNow's Growth: The company's SG&A expenses increased from $437 million in 2014 to $4.16 billion in 2023, showcasing its rapid scaling and investment in operational capabilities.
• Teradyne's Stability: With expenses rising from $320 million to $571 million, Teradyne maintained a steady growth path, focusing on efficiency and cost management.

These trends highlight the contrasting strategies of two tech giants in navigating the competitive landscape.