SG&A Efficiency: A Tale of Two Tech Giants

In the ever-evolving tech landscape, understanding operational efficiency is crucial. This analysis compares the Selling, General, and Administrative (SG&A) expenses of ServiceNow, Inc. and Hewlett Packard Enterprise Company from 2014 to 2024. Over this decade, ServiceNow's SG&A expenses surged by over 1,000%, reflecting its rapid growth and expansion. In contrast, Hewlett Packard Enterprise saw a 44% reduction, indicating a strategic focus on cost optimization.

Key Insights

• ServiceNow's Growth Trajectory: Starting with just 10% of Hewlett Packard's SG&A in 2014, ServiceNow's expenses grew to nearly match Hewlett Packard's by 2024, highlighting its aggressive market expansion.
• Hewlett Packard's Cost Management: Despite fluctuations, Hewlett Packard's SG&A expenses consistently trended downwards, showcasing its commitment to efficiency.

This comparison underscores the diverse strategies of these tech giants in navigating the competitive landscape.