EPAM Earnings Reports

EPAM Systems reported Q4 2024 revenue of $1.248 billion, reflecting a 7.9% year-over-year increase. GAAP income from operations was $136.5 million, while Non-GAAP income from operations was $208.2 million. GAAP EPS rose to $1.80, and Non-GAAP EPS increased to $2.84. The company completed acquisitions of NEORIS and First Derivative, strengthening its market position. Cash provided by operating activities was $130.3 million.

EPAM reported a revenue increase of 1.3% year-over-year, reaching $1.168 billion in Q3 2024. The company's GAAP diluted EPS was $2.37, and non-GAAP diluted EPS was $3.12. EPAM has raised its full-year outlook for revenues and EPS.

EPAM reported a decrease in revenue by 2.0% year-over-year to $1.147 billion for Q2 2024. GAAP diluted EPS was $1.70, a decrease of $0.33 year-over-year, while non-GAAP diluted EPS was $2.45, a decrease of $0.19 year-over-year. The company narrows full year revenue guidance to $4.590 billion to $4.625 billion.

EPAM Systems, Inc. reported first-quarter revenues of $1.165 billion, a 3.8% year-over-year decrease. GAAP diluted EPS was $1.97, while non-GAAP diluted EPS was $2.46.

EPAM Systems, Inc. reported Q4 2023 revenues of $1.157 billion, a 6.0% year-over-year decrease. GAAP diluted EPS was $1.66, a 36.4% decrease, and non-GAAP diluted EPS was $2.75, a 6.1% decrease year-over-year.

EPAM reported Q3 2023 revenues of $1.152 billion, a 6.1% year-over-year decrease. GAAP diluted EPS was $1.65, and non-GAAP diluted EPS was $2.73. The company initiated a Cost Optimization Program expected to deliver over $100 million in annualized savings.

EPAM's second-quarter revenues reached $1.170 billion, a 2.1% year-over-year decrease. GAAP diluted EPS was $2.03, and non-GAAP diluted EPS was $2.64. The company narrows its full-year revenue expectations to $4.650 billion to $4.700 billion.

EPAM Systems reported a revenue increase of 3.4% year-over-year, reaching $1.211 billion for the first quarter of 2023. The company's GAAP diluted EPS increased by 13.8% to $1.73, while non-GAAP diluted EPS decreased slightly by 0.8% to $2.47. The company updates full year outlook with revenue to be in the range of $4.950 billion to $5.000 billion and GAAP diluted EPS to be in the range of $8.11 to $8.31.

EPAM Systems reported Q4 2022 revenues of $1.231 billion, an 11.2% year-over-year increase. GAAP diluted EPS was $2.61, up 8.7% year-over-year, and non-GAAP diluted EPS was $2.93, up 6.2% year-over-year. The company's Board of Directors approved a share repurchase program with authorization to purchase up to $500 million of EPAM common stock.

EPAM Systems reported a revenue increase of 24.1% year-over-year, reaching $1.227 billion in Q3 2022. The company's GAAP diluted EPS increased by 34.9% to $2.63, and non-GAAP diluted EPS increased by 28.1% to $3.10.

EPAM Systems, Inc. reported a revenue increase of 35.6% year-over-year, reaching $1.195 billion in the second quarter of 2022. The company's GAAP diluted EPS was $0.32, while the non-GAAP diluted EPS was $2.38. The company expects revenue to be at least $1.210 billion for the third quarter.

EPAM Systems reported strong first-quarter results with a 50.1% year-over-year increase in revenue, reaching $1.172 billion. However, GAAP diluted EPS decreased by 18.3% to $1.52, while non-GAAP diluted EPS increased by 37.6% to $2.49.

EPAM Systems, Inc. reported strong results for the fourth quarter and full year 2021. Q4 revenues reached $1.107 billion, a 53.1% increase year-over-year. GAAP diluted EPS was $2.40, up 64.4% year-over-year, and non-GAAP diluted EPS was $2.76, up 52.5% year-over-year.

EPAM Systems reported strong third-quarter results with revenues of $988.5 million, up 51.6% year-over-year. GAAP diluted EPS was $1.95, an increase of 27.5%, and Non-GAAP diluted EPS was $2.42, an increase of 46.7% year-over-year. The company raised its full year 2021 outlook, expecting revenue growth of at least 40% and GAAP diluted EPS to be in the range of $7.86 to $7.93 and Non-GAAP diluted EPS to be in the range of $8.72 to $8.79.

EPAM Systems reported strong second quarter results with revenues of $881.4 million, up 39.4% year-over-year. GAAP diluted EPS was $1.94, an increase of 70.2%, and Non-GAAP diluted EPS was $2.05, an increase of 40.4% on a year-over-year basis. The company raised its full year 2021 outlook, expecting revenue growth to be at least 37% and GAAP diluted EPS to be in the range of $7.70 to $7.89.

EPAM Systems reported a strong start to 2021 with revenues of $780.8 million, up 19.9% year-over-year. The company's GAAP diluted EPS was $1.86 and non-GAAP diluted EPS was $1.81. EPAM raised its full-year 2021 outlook, expecting revenue growth to be at least 29%.

EPAM Systems reported strong Q4 2020 results, with revenues reaching $723.5 million, a 14.3% increase year-over-year. GAAP diluted EPS was $1.46, and Non-GAAP diluted EPS was $1.81. The company's performance was driven by its diverse offerings and adaptability to the increasing digital changes across industries.

EPAM Systems reported revenues of $652.2 million, a 10.9% year-over-year increase. GAAP diluted EPS was $1.53, and non-GAAP diluted EPS was $1.65.

EPAM Systems reported a revenue increase of 14.6% year-over-year, reaching $632.4 million in the second quarter of 2020. The company's GAAP diluted EPS was $1.14, and non-GAAP diluted EPS was $1.46. EPAM is driving new levels of collaboration, engagement and efficiency across the organization.

EPAM Systems reported strong first-quarter results with revenues of $651.4 million, a 24.9% year-over-year increase. GAAP diluted EPS was $1.47, and non-GAAP diluted EPS was $1.43. The company is focused on employee safety and partnering with customers during the COVID-19 pandemic.

EPAM Systems, Inc. announced its Q4 and full year 2019 results, demonstrating industry-leading organic growth. The company's Q4 revenues reached $632.8 million, a 25.3% increase year-over-year, with a GAAP diluted EPS of $1.29 and a non-GAAP diluted EPS of $1.51. The company remains confident in its ability to deliver relevant services in a competitive environment.