ExlService Holdings Inc (EXLS)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	238,755	192,162	155,881	110,022	76,453
Revenue	US$ in thousands	1,619,020	1,412,250	1,106,200	951,676	981,632
Operating profit margin		14.75%	13.61%	14.09%	11.56%	7.79%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $238,755K ÷ $1,619,020K
= 14.75%

ExlService Holdings Inc has demonstrated a steady improvement in its operating profit margin over the past five years. The operating profit margin has increased from 8.59% in 2019 to 14.64% in 2023. This signifies the company's ability to generate more profits from its core operations relative to its revenue. The consistent growth in operating profit margin indicates effective cost management and improved efficiency in operations. These positive trends suggest that ExlService Holdings Inc has been successful in optimizing its operational performance and enhancing its profitability over the years.