EPAM Systems (EPAM) Tops Q3 EPS by 17c, Beats on Revenue; Offers FY23 EPS Guidance

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Go back to EPAM Systems (EPAM) Tops Q3 EPS by 17c, Beats on Revenue; Offers FY23 EPS Guidance

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

November 2, 2023 6:00 AM EDT

Third quarter revenues of $1.152 billion, down 6.1% year-over-yearGAAP Income from Operations was 9.9% of revenues and Non-GAAP Income from Operations was 17.0% of revenues for the third quarter Third quarter GAAP Diluted EPS of $1.65, a decrease of $0.98, and Non-GAAP Diluted EPS of $2.73, a decrease of $0.37 on a year-over-year basisIn the third quarter, EPAM initiated a Cost Optimization Program expected to deliver over $100 million in annualized... More