ExlService Holdings Inc (EXLS)

Operating 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
Operating income (ttm)	US$ in thousands	238,755	235,484	225,365	207,635	192,162	177,225	169,552	158,301	155,881	158,086	150,054	124,090	110,022	95,073	83,089	87,079	76,453	51,046	48,298	51,532
Revenue (ttm)	US$ in thousands	1,619,020	1,581,075	1,534,327	1,479,524	1,412,249	1,334,679	1,250,293	1,176,913	1,106,200	1,059,066	1,021,331	968,383	953,303	961,222	971,337	991,235	984,191	962,222	943,035	913,024
Operating profit margin		14.75%	14.89%	14.69%	14.03%	13.61%	13.28%	13.56%	13.45%	14.09%	14.93%	14.69%	12.81%	11.54%	9.89%	8.55%	8.78%	7.77%	5.31%	5.12%	5.64%

December 31, 2023 calculation

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

ExlService Holdings Inc's operating profit margin has shown a generally positive trend over the past eight quarters, ranging from 13.30% to 14.80%. The company's operating profit margin has been consistently above 13% during this period, indicating strong operational efficiency in generating profits from its core business activities.

In Q4 2023, the operating profit margin was 14.64%, slightly lower than the previous quarter but still within the range of recent performance. This suggests that the company has been able to maintain a healthy level of profitability despite potential fluctuations in the business environment.

Overall, ExlService Holdings Inc's operating profit margin reflects effective cost management and revenue generation strategies, positioning the company well for sustained profitability and growth in the future.