Revenue Trends: ServiceNow, Inc. vs. Ericsson

In the ever-evolving tech landscape, ServiceNow, Inc. and Telefonaktiebolaget LM Ericsson (publ) have showcased distinct revenue trajectories over the past decade. ServiceNow, a leader in cloud-based solutions, has seen its revenue skyrocket by over 1,500% from 2014 to 2024, reflecting its robust growth strategy and increasing market demand. In contrast, Ericsson, a stalwart in telecommunications, experienced a more stable revenue pattern, with fluctuations around the $230 billion mark annually.

A Decade of Growth and Stability

ServiceNow's revenue growth highlights its successful penetration into the enterprise software market, while Ericsson's consistent figures underscore its established presence in the telecom sector. Notably, ServiceNow's revenue in 2024 reached approximately $11 billion, a testament to its rapid expansion. Meanwhile, Ericsson's data for 2024 remains unavailable, indicating potential shifts or reporting delays. This comparison offers a compelling glimpse into the dynamic nature of tech industry revenues.