Sony Group Corporation or Cognizant Technology Solutions Corporation: Who Manages SG&A Costs Better?

Who Manages SG&A Costs Better: Sony or Cognizant?

In the ever-evolving landscape of corporate finance, managing Selling, General, and Administrative (SG&A) expenses is crucial for maintaining profitability. From 2014 to 2023, Sony Group Corporation and Cognizant Technology Solutions Corporation have showcased distinct strategies in handling these costs.

Sony, a global leader in electronics and entertainment, has consistently reported SG&A expenses in the range of 1.5 to 2 trillion yen, reflecting its expansive operations. Notably, in 2023, Sony's SG&A expenses surged by approximately 24% compared to 2022, reaching nearly 2.16 trillion yen.

Conversely, Cognizant, a major player in IT services, has maintained a more stable SG&A expense profile, averaging around 3 billion USD annually. Despite a peak in 2021, Cognizant's expenses have shown a slight decline in 2023, indicating effective cost management strategies.

This comparison highlights the diverse approaches of these industry giants in navigating financial challenges over the past decade.