Revenue Analysis
The Total Revenue for IT has shown fluctuations over the periods. In the most recent quarter of 2024-03-31, the Total Revenue reported was $1,472,926,000, compared to $1,586,118,000 in 2023-12-31, showing a decline. However, the Total Revenue was lower at $1,408,784,000 back in 2023-03-31. This indicates a significant revenue peak by the end of 2023, which subsequently declined.
Operating Revenue mirrored Total Revenue patterns, while Gross Profit margins were generally healthy, increasing from $973,730,000 in 2023-03-31 to $1,013,485,000 in 2024-03-31.
Cost Management
Cost of Revenue was consistently high, decreasing slightly from $529,842,000 in 2023-12-31 to $459,441,000 by 2024-03-31. Operating Expenses were looked into, with a notable reduction from $753,080,000 in 2023-12-31 to $739,140,000 by 2024-03-31. Total Expenses also decreased, from $1,282,922,000 in 2023-12-31 to $1,198,581,000 in 2024-03-31.
Profitability Analysis
EBITDA of $328,083,000 in 2024-03-31 dipped from $385,580,000 in 2023-12-31, but much higher than $455,299,000 in 2023-03-31. Operating Income mostly increased from $248,880,000 in 2023-09-30 to $274,345,000 by 2024-03-31. Pretax Income shows similar trends with a slight recent downturn to $259,557,000 in 2024-03-31 from $277,254,000 in 2023-12-31. Net Income also followed this pattern.
Cash Flow Indicators
Reconciled Depreciation expenses have increased slightly over the reviewed quarters, marking from $46,631,000 in 2023-03-31 to around $49,307,000 by 2024-03-31. Interest Expenses show considerable fluctuations but generally decreasing from $59,003,000 in 2023-12-31 to $19,219,000 by 2024-03-31.
Taxation
The Tax Rate has varied from 0.224 in 2023-03-31 to 0.189 by 2024-03-31. Tax Provision also decreased significantly from $85,494,000 in 2023-03-31 to $49,012,000 in 2024-03-31. The Tax effect of Unusual Items has seen massive variance, notably from $31,589,600 recovery in 2023-03-31 to a tax benefit reduction to -$86,861 by 2024-03-31.
Shareholder Metrics
Diluted EPS and Basic EPS show an increase from 3.68 in 2023-06-30 to 2.49 in 2023-09-30, indicating fluctuations in profitability from a shareholder perspective. Net Income available to Common Stockholders remained stable, reflecting total net income figures across quarters.
Conclusion
IT’s financial performance over the past years shows a strong capacity for generating revenue and maintaining profitability, although some fluctuations in costs and expenses were observed. Revenue experienced a peak but displayed a subsequent decline, which necessitates strategies to ensure sustained growth. Effective cost management and potential enhancements in operational efficiencies can further solidify financial stability.