Perficient Inc (PRFT)

Gross profit margin

		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	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	185,004	196,896	202,962	206,711	204,403	196,230	186,903	175,045	162,161	141,649	127,063	114,987	106,196	99,056	101,180	100,624	98,357	92,466	86,487	81,560
Revenue (ttm)	US$ in thousands	906,505	918,304	922,718	914,351	905,062	887,193	852,099	813,497	760,727	708,551	669,372	631,575	607,796	590,401	581,744	577,274	565,527	552,070	531,319	511,248
Gross profit margin		20.41%	21.44%	22.00%	22.61%	22.58%	22.12%	21.93%	21.52%	21.32%	19.99%	18.98%	18.21%	17.47%	16.78%	17.39%	17.43%	17.39%	16.75%	16.28%	15.95%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $185,004K ÷ $906,505K
= 20.41%

Perficient Inc.'s gross profit margin has shown some fluctuations over the past eight quarters. The company's gross profit margin ranged from a low of 36.63% in Q4 2023 to a high of 38.93% in Q1 2023 and Q4 2022.

Overall, the trend indicates a relatively stable gross profit margin, with the company maintaining margins above 36% in all quarters. The highest gross profit margin was achieved in Q1 2023 and Q4 2022 at 38.93%, reflecting strong profitability during those periods.

Although there have been some minor fluctuations in gross profit margin, the company has generally maintained a healthy margin above 36%, indicating efficient operations and effective cost management strategies. Further analysis of factors influencing these fluctuations, such as changes in pricing, production costs, or sales mix, could provide additional insights into Perficient Inc.'s financial performance.