Company A reported FY2023 net revenue of $4.2B, a 10.5% increase from $3.8B in FY2022. Operating expenses grew from $2.9B to $3.1B, a 6.9% increase. Operating income therefore expanded from $900M to $1.1B, a 22.2% year-over-year increase. Revenue grew 10.5% while costs grew only 6.9%, confirming positive operating leverage: each additional dollar of revenue is being converted to profit at a higher rate. Consequently, the operating margin widened from 23.7% to 26.2%. The company achieved improved operational efficiency in FY2023.