Revenues and Cost of Revenues for Company's Reportable Segments |
Revenues and cost of revenues for the three months ended March 31, 2019 and 2018, respectively, for each of the reportable segments, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended March 31, 2019 | | Insurance | | Healthcare | | TT&L | | F&A | | All Other | | Analytics | | Total | | | Revenues, net | $ | 69,038 |
| | $ | 20,569 |
| | $ | 17,425 |
| | $ | 25,724 |
| | $ | 19,856 |
| | $ | 86,961 |
| | $ | 239,573 |
| | Cost of revenues(1) | 46,692 |
| | 16,995 |
| | 9,800 |
| | 14,274 |
| | 12,577 |
| | 56,902 |
| | 157,240 |
| | Gross profit(1) | $ | 22,346 |
| | $ | 3,574 |
| | $ | 7,625 |
| | $ | 11,450 |
| | $ | 7,279 |
| | $ | 30,059 |
| | $ | 82,333 |
| | Operating expenses | | | | | | | | | | | | | 65,472 |
| | Foreign exchange gain, interest expense and other income, net | | | | | | | | | | | | | 2,101 |
| | Income tax expense | | | | | | | | | | | | | 4,200 |
| | Loss from equity-method investment | | | | | | | | | | | | | 67 |
| | Net income | | | | | | | | | | | | | $ | 14,695 |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended March 31, 2018 | | Insurance | | Healthcare | | TT&L | | F&A | | All Other | | Analytics | | Total | | | Revenues, net | $ | 63,903 |
| | $ | 22,797 |
| | $ | 17,499 |
| | $ | 23,972 |
| | $ | 21,700 |
| | $ | 57,102 |
| | $ | 206,973 |
| | Cost of revenues(1) | 42,427 |
| | 17,242 |
| | 10,443 |
| | 14,729 |
| | 15,185 |
| | 38,075 |
| | 138,101 |
| | Gross profit(1) | $ | 21,476 |
| | $ | 5,555 |
| | $ | 7,056 |
| | $ | 9,243 |
| | $ | 6,515 |
| | $ | 19,027 |
| | $ | 68,872 |
| | Operating expenses | | | | | | | | | | | | | 53,722 |
| | Foreign exchange gain, interest expense and other income, net | | | | | | | | | | | | | 3,611 |
| | Income tax benefit | | | | | | | | | | | | | (4,453 | ) | | Loss from equity-method investment | | | | | | | | | | | | | 56 |
| | Net income | | | | | | | | | | | | | $ | 23,158 |
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(1) Exclusive of depreciation and amortization.
Revenues, net by service type, were as follows: | | | | | | | | | | Three months ended March 31, | | 2019 | | 2018 | BPM and related services(1) | $ | 152,612 |
| | $ | 149,871 |
| Analytics services | 86,961 |
| | 57,102 |
| Revenues, net | $ | 239,573 |
| | $ | 206,973 |
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(1) BPM and related services include revenues of the Company's five industry-focused operating segments, one capability operating segment and the consulting operating segment, which provides services related to operations management services. Refer reportable segment disclosure above.
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Revenues Based on Geographical Information |
The Company attributes the revenues to regions based upon the location of its customers. | | | | | | | | | | Three months ended March 31, | | 2019 | | 2018 | Revenues, net | | | | United States | $ | 196,104 |
| | $ | 171,198 |
| Non-United States | | | | United Kingdom | 29,101 |
| | 28,016 |
| Rest of World | 14,368 |
| | 7,759 |
| Total Non-United States | 43,469 |
| | 35,775 |
| Revenues, net | $ | 239,573 |
| | $ | 206,973 |
|
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Property, Plant and Equipment based on Geographical Information |
Property and equipment, net by geographic area, were as follows: | | | | | | | | | | As of | | March 31, 2019 | | December 31, 2018 | Property and equipment, net | | | | India | $ | 34,527 |
| | $ | 36,152 |
| United States | 27,210 |
| | 28,254 |
| Philippines | 7,703 |
| | 5,985 |
| Rest of World | 4,007 |
| | 3,119 |
| Property and equipment, net | $ | 73,447 |
| | $ | 73,510 |
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