CommVault Systems Inc (CVLT)

Gross profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Gross profit	US$ in thousands	687,637	649,188	655,732	614,099	553,807
Revenue	US$ in thousands	839,247	784,590	769,591	723,472	670,885
Gross profit margin		81.93%	82.74%	85.21%	84.88%	82.55%

March 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $687,637K ÷ $839,247K
= 81.93%

CommVault Systems Inc's gross profit margin has shown some fluctuations over the past five years. The margin decreased from 82.55% in March 2020 to 81.93% in March 2024. This decline could be attributed to various factors such as changes in pricing strategies, cost of goods sold, or competition within the industry. Overall, the company has maintained relatively high gross profit margins, indicating efficient production and pricing strategies. However, management may need to monitor the trend closely to ensure sustained profitability and competitiveness in the market.