EPAM Systems (EPAM) Tops Q2 EPS by 30c, Tops on Revenue; Offers Guidance

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Go back to EPAM Systems (EPAM) Tops Q2 EPS by 30c, Tops on Revenue; Offers Guidance

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

August 3, 2023 6:00 AM EDT

Second quarter revenues of $1.170 billion, down 2.1% year-over-yearGAAP Income from Operations was 12.3% of revenues and Non-GAAP Income from Operations was 16.3% of revenues for the second quarter Second quarter GAAP Diluted EPS of $2.03, an increase of $1.71, and Non-GAAP Diluted EPS of $2.64, an increase of $0.26 on a year-over-year basisFor the full year, EPAM narrows expected revenues to now be in the range of $4.650 billion to... More