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Dec 31, 2019
EPAM Q4 2019 Earnings Report
EPAM reported strong Q4 2019 results, with revenue up 25.3% year-over-year and EPS of $1.29.
Key Takeaways
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.
Revenues increased to $632.8 million, up 25.3% year-over-year.
GAAP income from operations was $84.7 million, an increase of 8.3%.
GAAP diluted EPS was $1.29, compared to $1.05 in the fourth quarter of 2018.
Non-GAAP diluted EPS was $1.51, an increase of 18.9%.
Forward Guidance
The Company expects revenue growth for 2020 to exceed 22% on both a GAAP and constant currency basis and GAAP diluted EPS to be at least $5.56 for the full year, and non-GAAP diluted EPS to be at least $6.30 for the full year.
Positive Outlook
- The Company expects revenue growth for 2020 to exceed 22% on both a GAAP and constant currency basis
- The Company expects GAAP income from operations to be in the range of 13% to 14% of revenues and non-GAAP income from operations to be in the range of 16% to 17% of revenues
- The Company expects its GAAP effective tax rate to be approximately 14% and its non-GAAP effective tax rate to be approximately 23%
- The Company expects GAAP diluted EPS to be at least $5.56 for the full year
- The Company expects non-GAAP diluted EPS to be at least $6.30 for the full year
Historical Earnings Impact
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Avg. Return Before/After Earnings
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