EPAM Systems (EPAM) Announces $500M Share Buyback, Reports Q4

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Go back to EPAM Systems (EPAM) Announces $500M Share Buyback, Reports Q4

EPAM Reports Results for Fourth Quarter and Full Year 2022 and Announces $500 million Share Repurchase Program

February 16, 2023 6:00 AM EST

Fourth Quarter 2022

Revenues of $1.231 billion, up 11.2% year-over-yearGAAP Income from Operations was 13.8% of revenues and Non-GAAP Income from Operations was 17.8% of revenuesGAAP Diluted EPS of $2.61, an increase of 8.7%, and Non-GAAP Diluted EPS of $2.93, an increase of 6.2% on a year-over-year basis

Full Year 2022

Revenues of $4.825 billion, up 28.4% year-over-yearGAAP Income from Operations was 11.9% of revenues and Non-GAAP Income from Operations was 17.0% of revenuesGAAP Diluted EPS of $7.09, a decrease of 13.0%,... More