Aspen Technology Inc (AZPN)

Gross profit margin

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022
Gross profit (ttm)	US$ in thousands	744,906	723,723	674,638	662,148	670,589	694,408	599,129
Revenue (ttm)	US$ in thousands	1,127,482	1,105,220	1,056,992	1,042,667	1,044,178	1,537,315	1,307,437
Gross profit margin		66.07%	65.48%	63.83%	63.51%	64.22%	45.17%	45.82%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $744,906K ÷ $1,127,482K
= 66.07%

The gross profit margin of Aspen Technology Inc has shown fluctuation over the past quarters, ranging from as low as 45.17% in the first quarter of 2023 to a high of 66.07% in the most recent quarter ending June 30, 2024. Generally, the company has maintained a gross profit margin above 60% in the recent quarters, indicating strong pricing power and ability to generate profits from its core operations. It is essential for the company to sustain these levels or improve further to ensure efficient cost management and sustainable profitability in the long term.