CommVault Systems Inc (CVLT)

Gross profit margin

		Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	687,637	672,164	654,953	647,564	649,188	654,417	666,299	661,810	655,732	643,560	630,722	623,796	614,099	590,524	576,772	568,773	553,807	563,405	572,999	578,863
Revenue (ttm)	US$ in thousands	839,247	819,437	797,701	784,768	784,590	786,765	794,158	784,046	769,591	754,964	740,594	733,893	723,472	696,880	685,239	681,682	670,885	687,563	695,487	696,983
Gross profit margin		81.93%	82.03%	82.11%	82.52%	82.74%	83.18%	83.90%	84.41%	85.21%	85.24%	85.16%	85.00%	84.88%	84.74%	84.17%	83.44%	82.55%	81.94%	82.39%	83.05%

March 31, 2024 calculation

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

CommVault Systems Inc has demonstrated a consistent trend of strong gross profit margins over the past few quarters, ranging from 81.93% to 85.24%. The gross profit margin peaked in March 2022 at 85.24% before gradually declining to 81.93% in March 2024. This downward trend indicates a potential decrease in the company's ability to generate profits from its core operations.

However, despite the slight decrease in the most recent quarter, CommVault Systems Inc continues to maintain relatively high gross profit margins compared to its historical performance. This suggests efficient cost management and pricing strategies in place, enabling the company to preserve a significant portion of its revenue as gross profit.

Overall, the analysis of CommVault Systems Inc's gross profit margin reflects a robust operational performance and profitability, although a slight decline in recent quarters may warrant further monitoring to ensure sustained financial health.