Akamai Technologies Inc (AKAM)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	2,315,172	2,258,223	2,213,462	2,207,924	2,224,423	2,234,567	2,227,229	2,188,265	2,138,252	2,100,737	2,067,496	2,053,371	2,013,699	1,985,632	1,945,236	1,899,928	1,875,062	1,830,125	1,794,255	1,756,969
Revenue (ttm)	US$ in thousands	3,826,238	3,733,857	3,652,471	3,620,307	3,608,242	3,585,821	3,548,899	3,483,286	3,407,208	3,348,137	3,281,469	3,224,148	3,146,371	3,072,207	2,995,310	2,915,391	2,862,686	2,803,926	2,760,364	2,716,372
Gross profit margin		60.51%	60.48%	60.60%	60.99%	61.65%	62.32%	62.76%	62.82%	62.76%	62.74%	63.01%	63.69%	64.00%	64.63%	64.94%	65.17%	65.50%	65.27%	65.00%	64.68%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,315,172K ÷ $3,826,238K
= 60.51%

The gross profit margin for Akamai Technologies Inc has shown a decreasing trend over the past eight quarters, from 63.23% in Q1 2022 to 60.36% in Q4 2023. This indicates that the company's profitability from sales after deducting the cost of goods sold has slightly declined over this period. While the margins remain relatively healthy, management may consider monitoring and potentially addressing any factors contributing to this downward trend to maintain strong profitability in the future.