SG&A Efficiency Analysis: Comparing Fortinet, Inc. and Wipro Limited

SG&A Efficiency: A Tale of Two Giants

In the ever-evolving landscape of global technology, Fortinet, Inc. and Wipro Limited stand as titans, each with a unique approach to managing Selling, General, and Administrative (SG&A) expenses. Over the past decade, Fortinet has seen a remarkable increase in SG&A expenses, growing by over 520% from 2014 to 2023. This reflects its aggressive expansion strategy and investment in market penetration. In contrast, Wipro Limited, a stalwart in the IT services sector, has maintained a steady growth in SG&A expenses, with a 121% increase over the same period. This stability underscores Wipro's focus on operational efficiency and cost management. Notably, 2024 data for Fortinet is missing, highlighting potential data gaps in financial reporting. As these companies continue to navigate the complexities of the global market, their SG&A strategies will be pivotal in shaping their competitive edge.