Technology
Software - Infrastructure
$166.75B
3.7K
Key insights and themes extracted from this filing
The company's revenue increased to $2.2 billion in 2023, up from $1.9 billion in 2022, demonstrating a 17% year-over-year growth. This growth indicates a continued expansion of the company's business.
The gross profit margin remained strong at 81%, indicating efficient cost management in relation to revenue. However, operating expenses still totaled $1.7 billion, which resulted in a lower operating income.
The company reported a net income of $209.8 million in 2023, a significant improvement compared to a net loss of $373.7 million in 2022. This swing indicates a notable improvement in financial performance.