CommVault Systems Inc (CVLT)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	83,613	22,927	6,011	-3,073	-15,362	34,474	42,100	35,002	43,414	41,816	31,625	-12,633	-21,235	-33,336	-35,864	-769	-12,546	-9,026	2,832	11,594
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
Pretax margin		9.96%	2.80%	0.75%	-0.39%	-1.96%	4.38%	5.30%	4.46%	5.64%	5.54%	4.27%	-1.72%	-2.94%	-4.78%	-5.23%	-0.11%	-1.87%	-1.31%	0.41%	1.66%

March 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $83,613K ÷ $839,247K
= 9.96%

The pretax margin of CommVault Systems Inc has shown fluctuations over the past few quarters. From March 31, 2019, to March 31, 2024, the pretax margin ranged from a low of -5.23% to a high of 9.96%.

Notably, the pretax margin was negative in several quarters, indicating that the company's operating expenses and taxes exceeded its revenues. The company experienced a particularly low pretax margin of -5.23% on September 30, 2020.

However, the pretax margin has shown some improvement in recent quarters, with March 31, 2024, recording a pretax margin of 9.96%. This could suggest that the company has been able to effectively control costs and improve operational efficiency.

Overall, the trend in the pretax margin of CommVault Systems Inc demonstrates variability in the company's profitability over the periods analyzed, with recent quarters showing some positive developments.