Who Prioritizes Innovation? R&D Spending Compared for Oracle Corporation and Fortinet, Inc.

Innovation in the Tech Giants: Oracle vs. Fortinet

In the ever-evolving tech landscape, innovation is the key to staying ahead. Over the past decade, Oracle Corporation and Fortinet, Inc. have demonstrated contrasting approaches to research and development (R&D) spending. Oracle, a stalwart in enterprise software, consistently invests heavily in R&D, with expenditures peaking at nearly $9.4 billion in 2023. This represents a steady increase of about 53% from 2014. Meanwhile, Fortinet, a leader in cybersecurity, has shown a remarkable growth trajectory in its R&D spending, surging by approximately 400% from 2014 to 2023. Despite this impressive growth, Fortinet's R&D budget remains a fraction of Oracle's, highlighting the different scales and strategies of these tech giants. As we look to the future, the missing data for 2024 leaves us curious about how these companies will continue to prioritize innovation.