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Segment and Geographical Information (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Revenues and Cost of Revenues for Company's Reportable Segments
Revenues and cost of revenues for the three months ended September 30, 2022 and 2021, respectively, for each of the reportable segments, are as follows:
Three months ended September 30, 2022
InsuranceHealthcareEmerging BusinessAnalyticsTotal
Revenues, net$116,198 $22,820 $56,035 $166,298 $361,351 
Cost of revenues(1)
75,041 17,119 32,363 105,939 230,462 
Gross profit(1)
$41,157 $5,701 $23,672 $60,359 $130,889 
Operating expenses80,778 
Foreign exchange gain, interest expense and other income, net1,323 
Income tax expense12,447 
Gain from equity-method investment108 
Net income$39,095 
(1) Exclusive of depreciation and amortization expense.
Three months ended September 30, 2021
InsuranceHealthcareEmerging BusinessAnalyticsTotal
Revenues, net$98,008 $27,341 $44,513 $120,463 $290,325 
Cost of revenues(1)
61,490 17,057 23,660 75,536 177,743 
Gross profit(1)
$36,518 $10,284 $20,853 $44,927 $112,582 
Operating expenses70,144 
Loss on settlement of convertible notes, foreign exchange gain, interest expense and other income, net(11,763)
Income tax expense4,196 
Gain from equity-method investment28 
Net income$26,507 

(1) Exclusive of depreciation and amortization expense.

Revenues and cost of revenues for the nine months ended September 30, 2022 and 2021, respectively, for each of the reportable segments, are as follows:
Nine months ended September 30, 2022
InsuranceHealthcareEmerging BusinessAnalyticsTotal
Revenues, net$328,021 $72,027 $160,655 $476,638 $1,037,341 
Cost of revenues(1)
210,768 52,464 92,790 303,163 659,185 
Gross profit(1)
$117,253 $19,563 $67,865 $173,475 $378,156 
Operating expenses236,989 
Foreign exchange gain, interest expense and other income, net4,361 
Income tax expense34,774 
Gain from equity-method investment365 
Net income$111,119 

(1) Exclusive of depreciation and amortization expense.

Nine months ended September 30, 2021
InsuranceHealthcareEmerging BusinessAnalyticsTotal
Revenues, net$283,887 $85,856 $122,871 $334,190 $826,804 
Cost of revenues(1)
176,942 52,133 66,850 211,340 507,265 
Gross profit(1)
$106,945 $33,723 $56,021 $122,850 $319,539 
Operating expenses199,716 
Loss on settlement of convertible notes, foreign exchange gain, interest expense and other income, net(11,345)
Income tax expense22,019 
Net income$86,459 

(1) Exclusive of depreciation and amortization expense.

Revenues, net by service type, were as follows:
Three months ended September 30,Nine months ended September 30,
2022202120222021
Digital operations and solutions(1)
$195,053 $169,862 $560,703 $492,614 
Analytics services166,298 120,463 476,638 334,190 
Revenues, net$361,351 $290,325 $1,037,341 $826,804 

(1) Digital operations and solutions include revenues of the Company’s Insurance, Healthcare and Emerging Business reportable segments. Refer to the reportable segment disclosure above.
Revenues Based on Geographical Information The Company attributes the revenues to regions based upon the location of its customers.
 Three months ended September 30,Nine months ended September 30,
 2022202120222021
Revenues, net
United States$310,652 $249,726 $891,551 $709,382 
Non-United States
United Kingdom34,131 27,433 98,994 78,359 
Rest of World16,568 13,166 46,796 39,063 
Total Non-United States50,699 40,599 145,790 117,422 
Revenues, net$361,351 $290,325 $1,037,341 $826,804 
Long-lived Assets Based on Geographical Information
Long-lived assets by geographic area, which consist of property and equipment, net and operating lease right-of-use assets were as follows:
As of
September 30, 2022December 31, 2021
Long-lived assets
India$58,969 $79,604 
United States55,825 50,095 
Philippines18,899 22,011 
Rest of World8,206 10,990 
Long-lived assets$141,899 $162,700