Meaning of the word opex in English

What does opex mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

opex

US /ˈɑːp.ɛks/
UK /ˈɒp.ɛks/

Abbreviation

operating expenses: the costs of running a business, such as salaries, rent, and utilities, but not including the costs of producing goods or services

Example:
Reducing opex is crucial for improving profitability.
The company is looking for ways to cut down on its annual opex.