Cost of Revenue: Key Insights for ServiceNow, Inc. and Splunk Inc.

Cost of Revenue Trends: ServiceNow, Inc. vs. Splunk Inc.

In the ever-evolving tech landscape, understanding cost dynamics is crucial. From 2014 to 2024, ServiceNow, Inc. and Splunk Inc. have shown remarkable growth in their cost of revenue, reflecting their expanding operations and market reach. ServiceNow's cost of revenue surged by over 800%, from approximately $250 million in 2014 to an estimated $2.3 billion in 2024. This growth underscores its aggressive expansion and scaling strategies. Meanwhile, Splunk Inc. experienced a significant increase of over 2,300%, starting from a modest $36 million in 2014 to around $865 million in 2024. This dramatic rise highlights Splunk's strategic investments in data analytics and cloud services. As these companies continue to innovate, their cost structures provide valuable insights into their operational strategies and market positioning.