NetScout Systems Inc (NTCT)

Gross profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Gross profit	US$ in thousands	642,043	691,432	641,389	609,185	649,628
Revenue	US$ in thousands	829,455	914,530	855,575	831,282	891,820
Gross profit margin		77.41%	75.61%	74.97%	73.28%	72.84%

March 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $642,043K ÷ $829,455K
= 77.41%

The gross profit margin of NetScout Systems Inc has shown a consistent improvement over the past five years, increasing from 72.84% in March 2020 to 77.41% in March 2024. This upward trend indicates that the company has been effectively managing its production costs and generating a higher margin on its products or services. The steady growth in gross profit margin suggests an enhancement in operational efficiency and pricing strategies, potentially leading to increased profitability for the company. Overall, the positive trajectory of NetScout Systems Inc's gross profit margin reflects a strong performance in terms of cost control and revenue generation.