EPAM Systems (EPAM) Tops Q1 EPS by 10c; Offers FY23 Guidance

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Go back to EPAM Systems (EPAM) Tops Q1 EPS by 10c; Offers FY23 Guidance

EPAM Reports Results for First Quarter 2023 and Updates Full Year Outlook

May 5, 2023 6:00 AM EDT

First quarter revenues of $1.211 billion, up 3.4% year-over-yearGAAP Income from Operations was 9.9% of revenues and Non-GAAP Income from Operations was 14.7% of revenues for the first quarter First quarter GAAP Diluted EPS of $1.73, an increase of 13.8%, and Non-GAAP Diluted EPS of $2.47, a decrease of 0.8% on a year-over-year basisFor the full year, EPAM now expects revenues to be in the range of $4.950 billion to $5.000 billion,... More