Cognizant Technology Solutions Corp Class A (CTSH)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	2,794,000	2,755,000	2,851,000	3,025,000	3,020,000	3,044,000	2,963,000	2,898,000	2,830,000	2,560,000	2,453,000	2,252,000	2,096,000	2,197,000	2,230,000	2,411,000	2,485,000	2,732,000	2,737,000	2,685,000
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
Pretax margin		14.44%	14.18%	14.70%	15.58%	15.54%	15.72%	15.39%	15.31%	15.29%	14.29%	14.09%	13.38%	12.59%	13.11%	13.31%	14.27%	14.81%	16.43%	16.63%	16.45%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $2,794,000K ÷ $19,353,000K
= 14.44%

Cognizant Technology Solutions Corp.'s pretax margin has shown relatively stable performance over the past eight quarters, ranging from 14.18% to 15.72%. The company's ability to generate profits before accounting for income taxes has been consistent, with the highest pretax margin recorded in Q3 2022 at 15.72% and the lowest in Q3 2023 at 14.18%.

The slight fluctuations in pretax margin may be attributed to various factors such as changes in revenue, operating expenses, and cost management strategies. Overall, Cognizant Technology Solutions Corp. has maintained a healthy level of pretax margin, indicating efficient cost control and operational performance during the analyzed period.