Shopify vs Cognizant: A Decade of Revenue Growth

In the ever-evolving tech landscape, Shopify Inc. and Cognizant Technology Solutions Corporation have emerged as key players, each carving out a unique niche. Over the past decade, Shopify's revenue has skyrocketed, growing from a modest $105 million in 2014 to an impressive $7.06 billion in 2023. This represents a staggering growth rate of over 6,600%, underscoring Shopify's rapid ascent in the e-commerce sector.

Conversely, Cognizant, a stalwart in IT services, has demonstrated steady growth. From 2014 to 2023, its revenue increased by approximately 88%, reaching nearly $19.35 billion. This consistent growth highlights Cognizant's resilience and adaptability in a competitive market.

While Shopify's explosive growth reflects the booming e-commerce industry, Cognizant's steady rise showcases the enduring demand for IT services. Together, these companies illustrate the diverse opportunities within the tech sector.