ExlService Holdings Inc (EXLS)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	184,558	142,968	114,758	89,476	67,659
Revenue	US$ in thousands	1,619,020	1,412,250	1,106,200	951,676	981,632
Net profit margin		11.40%	10.12%	10.37%	9.40%	6.89%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $184,558K ÷ $1,619,020K
= 11.40%

The net profit margin of ExlService Holdings Inc has shown a generally positive trend over the past five years, increasing from 6.82% in 2019 to 11.32% in 2023. This indicates the company's ability to generate a higher proportion of profit from its revenue. The consistent improvement in net profit margin reflects effective cost management, pricing strategies, and revenue growth that have contributed to the company's profitability. However, it is essential to continue monitoring this ratio to ensure sustainable profitability and efficiency in the company's operations.