Cognizant Technology Solutions Corp Class A (CTSH)

Operating 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
Operating income (ttm)	US$ in thousands	2,689,000	2,651,000	2,763,000	2,946,000	2,968,000	3,014,000	2,945,000	2,881,000	2,826,000	2,559,000	2,433,000	2,204,000	2,114,000	2,275,000	2,341,000	2,493,000	2,453,000	2,520,000	2,596,000	2,647,000
Revenue (ttm)	US$ in thousands	19,353,000	19,434,000	19,394,000	19,414,000	19,428,000	19,366,000	19,253,000	18,932,000	18,507,000	17,914,000	17,413,000	16,828,000	16,652,000	16,752,000	16,757,000	16,898,000	16,783,000	16,628,000	16,458,000	16,323,000
Operating profit margin		13.89%	13.64%	14.25%	15.17%	15.28%	15.56%	15.30%	15.22%	15.27%	14.28%	13.97%	13.10%	12.70%	13.58%	13.97%	14.75%	14.62%	15.16%	15.77%	16.22%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,689,000K ÷ $19,353,000K
= 13.89%

Cognizant Technology Solutions Corp.'s operating profit margin has shown some fluctuations over the past eight quarters. The trend indicates that the company has generally maintained a healthy operating profit margin, staying within the range of 14.61% to 15.56%. In Q4 2023, the operating profit margin was 15.08%, slightly decreasing from the previous quarter but still in line with historical performance. This suggests that the company has effectively managed its operating expenses relative to its revenue, although there might be some minor variability in profitability from quarter to quarter. Overall, Cognizant's operating profit margin appears stable and reflective of a well-managed business operation.