NetScout Systems Inc (NTCT)

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	642,043	646,092	684,386	701,076	691,432	677,809	666,791	656,625	641,389	656,307	628,047	614,212	609,185	617,357	638,332	649,182	649,628	659,475	641,460	643,988
Revenue (ttm)	US$ in thousands	829,455	834,105	885,577	916,856	914,530	897,628	890,278	874,115	855,575	877,773	844,318	837,739	831,282	847,244	878,529	889,611	891,820	897,471	883,455	890,831
Gross profit margin		77.41%	77.46%	77.28%	76.47%	75.61%	75.51%	74.90%	75.12%	74.97%	74.77%	74.39%	73.32%	73.28%	72.87%	72.66%	72.97%	72.84%	73.48%	72.61%	72.29%

March 31, 2024 calculation

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

NetScout Systems Inc has demonstrated a consistently high gross profit margin over the periods reported. The gross profit margin has improved steadily from 72.29% in December 2019 to 77.41% in March 2024. This indicates the company's ability to efficiently manage its production costs and generate healthy profits from its sales. The upward trend in the gross profit margin suggests effective cost control measures and potentially strong pricing power in the market. Overall, the company's gross profit margin performance reflects its ability to maintain profitability and create value for its stakeholders over time.