Operational Costs Compared: SG&A Analysis of Cisco Systems, Inc. and II-VI Incorporated

A Comparative Analysis of SG&A Expenses: Cisco vs. II-VI

In the ever-evolving tech industry, operational efficiency is key to maintaining a competitive edge. This analysis delves into the Selling, General, and Administrative (SG&A) expenses of two industry giants: Cisco Systems, Inc. and II-VI Incorporated, from 2014 to 2023.

Cisco, a leader in networking technology, consistently reported SG&A expenses averaging around $11.6 billion annually. Notably, in 2023, Cisco's expenses surged by approximately 10% compared to the previous year, reflecting strategic investments in innovation and market expansion.

Conversely, II-VI Incorporated, a prominent player in engineered materials and optoelectronic components, exhibited a more dynamic trend. Their SG&A expenses grew significantly, peaking in 2023 with a 115% increase from 2022, indicating aggressive growth strategies.

This comparative analysis highlights the contrasting financial strategies of these tech titans, offering insights into their operational priorities and market positioning.