From the outlook section:"Revenue growth of 15-25% is anticipated this fiscal year and while growth in operating expenses is expected to be at a lower rate than revenue, wage and cost inflation together with new hires are likely to see this growth in the mid to late teens."This reads like word salad but basically FY24 revenue growth will be the same or slightly higher as expense growth.And that's after FY23 cost blowout.So no operating leverage again - such a shame.Looks like we now look forward to FY25....At least the patent infringement legal case is set to reach a conclusion in October.
Ann: FY23 Results Highlights, page-13
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