Epam Systems, Inc. (EPAM) Tops Q1 EPS by 7c, Offers Guidance

Epam Systems, Inc. (NYSE: EPAM) reported Q1 EPS of $0.61, $0.07 better than the analyst estimate of $0.54. Revenue for the quarter came in at $200 million versus the consensus estimate of $196.7 million.

Epam Systems, Inc. sees Q2 2015 EPS of $0.62-$0.64, versus the consensus of $0.64. Epam Systems, Inc. sees Q2 2015 revenue of $213-215 million, versus the consensus of $212.58 million.

Based on current conditions, EPAM expects year-over-year revenue growth to be between 21% and 23%. Non-GAAP net income growth for 2015 is expected to be in the range of 20% to 22% year-over-year, with an effective tax rate of approximately 20%. The full year weighted average share count is expected to be approximately 51 million diluted shares outstanding.

For earnings history and earnings-related data on Epam Systems, Inc. (EPAM) click here.

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