SG&A Efficiency Analysis: Comparing Palo Alto Networks, Inc. and Wipro Limited

SG&A Efficiency: A Tale of Two Giants

In the ever-evolving landscape of global business, understanding the efficiency of Selling, General, and Administrative (SG&A) expenses is crucial. Palo Alto Networks, Inc. and Wipro Limited, two titans in their respective fields, offer a fascinating study in contrasts. From 2014 to 2024, Palo Alto Networks saw its SG&A expenses grow by approximately 750%, reflecting its aggressive expansion strategy. In contrast, Wipro Limited's SG&A expenses increased by about 135%, showcasing a more stable growth trajectory.

A Decade of Growth

Palo Alto Networks' SG&A expenses surged from $408 million in 2014 to $3.475 billion in 2024, highlighting its rapid scaling in the cybersecurity sector. Meanwhile, Wipro's expenses rose from $54 billion to $127 billion, underscoring its steady presence in the IT services industry. This comparison not only reveals the differing growth strategies but also provides insights into their operational efficiencies over the past decade.