Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative

Depreciation and amortization

Loss on sale of business

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

EPAM Systems

EPAM Systems, Inc. engages in the provision of software product development and digital platform engineering services. It operates through the following geographical segments: North America, Europe, and Russia. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

EPAM Systems reports strong 2022 performance amidst challenges and outlook

EPAM Systems navigated challenges in 2022, with disruptions from exiting Russia and war in Ukraine impacting revenue growth. The company anticipates lower revenue growth in Q1 2023 but expects improvement in the second half. EPAM is focused on cost management, rebuilding client relationships, and pursuing acquisitions to drive growth.

EPAM Systems reports Q1 revenue growth amidst macroeconomic challenges

EPAM Systems navigated challenges in Q1 with revenue growth and margin performance
Management cautious about macroeconomic uncertainties but optimistic about technology-driven future
Focus on new client additions, strategic M&A, and profitability to drive long-term growth
Adapting outlook based on economic environment and client behavior for sustained performance

EPAM Systems adapts to challenges, focuses on digital growth

EPAM Systems is proactively addressing challenges through strategic adjustments in go-to-market strategies, customer engagement, and talent platform. Despite revenue decline and pricing pressures, the company is focused on digital innovation, global diversification, and strategic partnerships for long-term growth. EPAM's financial performance in Q2 2023 reflects resilience and adaptability in a changing market landscape.

EPAM Systems reports Q3 revenue decline, focuses on cost optimization

EPAM Systems navigated a challenging Q3 with revenue decline and regional variations. Despite facing pricing challenges and potential profitability declines, the company demonstrated strong cash flow and initiated cost optimization efforts. EPAM is focusing on demand stabilization, global partnerships, and strategic acquisitions for future growth.

EPAM Systems reports 6% revenue decline in Q4 2023

EPAM Systems reported mixed performance in 2023, with revenue decline but industry recognition, focusing on cost management and margin protection for stabilized demand.
The company's strengths lie in AI investments, global footprint optimization, and client retention, with opportunities in Gen AI capabilities and revenue growth potential.
Challenges include revenue decline, margin pressures, and market uncertainties, with opportunities for margin improvement, demand realization, and sustained growth.
EPAM's 2024 outlook includes revenue growth expectations, incremental costs, and market uncertainties, emphasizing adaptability and growth strategies for the year.

EPAM Systems adjusts guidance amid revenue challenges and growth opportunities

EPAM Systems adjusted guidance for Q2 and full-year 2024 due to global demand volatility, with revenue impacted by exiting the Russian market.
The company is navigating challenges in revenue growth, margin pressures, and client payment delays, while focusing on cost-saving measures.
EPAM's strategic strengths lie in stable client relationships, growth in key verticals, and investments in lower-cost locations for future expansion.
Opportunities for EPAM include driving profitability, expanding in India and Latin America, and pursuing strategic acquisitions for growth.

EPAM Systems surpasses Q3 expectations, eyes growth in key markets

EPAM Systems delivered better-than-expected Q3 results, with revenue growth and improved profitability. The company's focus on key verticals, strategic acquisitions, and operational efficiencies drove performance. Despite regional revenue variations, EPAM remains optimistic about future growth and plans for further expansion in 2025.
Strong financial health, record cash flows, and a focus on global talent diversification are key strengths for EPAM. Challenges include navigating regional revenue variations and sustaining growth momentum. Opportunities lie in market expansion, innovation through acquisitions, and leveraging diverse talent for future growth.
EPAM's performance in Q3 reflects resilience, adaptability, and a strategic approach to driving growth. With a solid financial foundation and a focus on key verticals, the company is well-positioned for sustained success. Continued investments in capabilities and acquisitions signal a commitment to long-term growth and market leadership.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

EPAM Systems, Inc. engages in the provision of digital engineering, cloud, and artificial intelligence-enabled transformation services. It operates through the following geographical segments: North America, Europe, and Russia. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.

EPAM Systems' third-quarter 2024 results benefit from strong top and bottom-line performances, driven by modest growth across its business segments.

Can Q3 Earnings Beat & Strong FY24 View Lift the EPAM Stock?

Scotiabank analyst Divya Goyal maintains a Hold rating on software firm EPAM Systems, Inc EPAM with a price target of $245.

EPAM Inks Strategic Deals, Enjoys Robust Tax Benefits: Analyst

While the top- and bottom-line numbers for Epam (EPAM) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Epam (EPAM) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

After reaching an important support level, Epam (EPAM) could be a good stock pick from a technical perspective. EPAM surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.

Epam (EPAM) Just Overtook the 200-Day Moving Average

NEWTOWN, Pa. , Nov. 8, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced the release of the StatGPT 2.0 Platform, created in collaboration with the International Monetary Fund (IMF) for evaluating and testing by Statistical Data and Metadata eXchange (SDMX) sponsor organizations and selected national statistical organizations.

EPAM, in Collaboration with the IMF, Launch StatGPT 2.0, a GenAI Application for Global Economic Data, to SDMX Sponsor Organizations

EPAM Systems (EPAM) shares jumped close to 15% Thursday, delivering the top daily performance in the S&P 500 after the company reported earnings that topped estimates and raised its full-year outlook.

EPAM Systems Stock Leads S&P 500 Gains Thursday on Strong Earnings, Outlook

The IT consultant saw a return to growth.

Why EPAM Systems Rallied Today

EPAM Systems, Inc. (NYSE:EPAM ) Q3 2024 Earnings Call November 7, 2024 8:00 AM ET Company Participants Mike Rowshandel - Head, Investor Relations Arkadiy Dobkin - Chief Executive Officer and President Jason Peterson - Chief Financial Officer Conference Call Participants Bryan Bergin - TD Cowen Bryan Keane - Deutsche Bank Ramsey El-Assal - Barclays Jonathan Lee - Guggenheim Securities Maggie Nolan - William Blair Surinder Thind - Jefferies David Grossman - Stifel Jason Kupferberg - Bank of America/Merrill Lynch Puneet Jain - JPMorgan Operator Thank you for standing by my name is Bella, and I will be your conference operator today. At this time, I would like to welcome everyone to the EPAM Third Quarter 2024 Earnings Conference Call.

EPAM Systems, Inc. (EPAM) Q3 2024 Earnings Call Transcript

Epam (EPAM) came out with quarterly earnings of $3.12 per share, beating the Zacks Consensus Estimate of $2.70 per share. This compares to earnings of $2.73 per share a year ago.

Epam (EPAM) Q3 Earnings and Revenues Beat Estimates

EPAM Systems lifted its annual revenue and profit forecasts on Thursday, betting on strong demand for its IT services towards the end of the year as enterprise spending picks up, sending shares of the software provider 11% higher before the bell.

Software provider EPAM lifts annual forecasts as IT spending rises

Third quarter revenues of $1.168 billion, up 1.3% year-over-year GAAP income from operations was 15.2% of revenues and non-GAAP income from operations was 19.1% of revenues for the third quarter Third quarter GAAP diluted EPS of $2.37, an increase of $0.72, and non-GAAP diluted EPS of $3.12, an increase of $0.39 on a year-over-year basis For the full year, EPAM increases expected range for revenues to now be $4.685 billion to $4.695 billion, increases expected GAAP diluted EPS to now be in the range of $7.78 to $7.86 and non-GAAP diluted EPS to now be in the range of $10.73 to $10.81 For the fourth quarter, EPAM expects revenues to be in the range of $1.205 billion to $1.215 billion, GAAP diluted EPS to be in the range of $1.73 to $1.81 and non-GAAP diluted EPS to be in the range of $2.70 to $2.78 NEWTOWN, Pa. , Nov. 7, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced results for the third quarter ended September 30, 2024.

EPAM Reports Results for Third Quarter 2024 and Raises Full Year Outlook

The acquisition enhances EPAM's delivery capabilities in Latin America and Europe, boosting client value across key industries NEWTOWN, Pa. , Nov. 1, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced the successful completion of its acquisition of NEORIS, a Miami-headquartered global advanced technology consultancy with approximately 4,800 professionals across major talent hubs in Latin America, Spain and the U.S. The sellers are funds managed by Advent International, one of the largest and most experienced global private equity investors, and Cemex, a global building materials company.

EPAM Completes Acquisition of NEORIS

Recognized for Completeness of Vision and Ability to Execute NEWTOWN, Pa. , Oct. 29, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced that Gartner has positioned it as a Leader in the Magic Quadrant™ for Custom Software Development Services.

EPAM Named a Leader in Gartner® Magic Quadrant™ for Custom Software Development Services, Worldwide 2024

DXC Technology

Investors looking for stocks in the Computers - IT Services sector might want to consider either DXC Technology Company. (DXC) or Epam (EPAM).

DXC or EPAM: Which Is the Better Value Stock Right Now?

NEWTOWN, Pa. , Oct. 8, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, will host a conference call at 8:00 a.m.

EPAM Announces Date for Third Quarter 2024 Earnings Release and Conference Call

Epam Systems expands its AI capabilities in the financial space with the acquisition of First Derivative.

EPAM Expands With First Derivative Buyout: What Should Investors Do?

Strategic Acquisition will Enhance Capabilities in Capital Markets, Banking Operations and Asset Servicing, Strengthening Client Offerings Globally NEWTOWN, Pa. and NEWRY, N.

EPAM Announces Agreement to Acquire First Derivative, Expanding Global Financial Services Practice

BlueOptima's report reveals that more than 76.5% of EPAM's lead developers exceed global productivity and quality standards NEWTOWN, Pa. , Oct. 3, 2024 /PRNewswire/ -- As organizations increasingly rely on outsourcing to accelerate their digital transformation efforts, understanding software development productivity and quality is crucial for optimizing software development lifecycles and making informed outsourcing decisions.

BlueOptima Report Confirms EPAM's Excellence in Software Development Productivity

As a trusted partner for data modernization, EPAM helps clients become more efficient, agile and growth-oriented businesses NEWTOWN, Pa. , Oct. 1, 2024 /PRNewswire/ -- Organizations that prioritize developing and maintaining a modernized data infrastructure are best equipped to rapidly adapt to evolving consumer demands in today's fast-paced market.

EPAM Named a Leader in Data Modernization Services in 2024 IDC MarketScape Report

Receiving top client-driven evaluation scores across account management, service delivery quality, application services and digital transformation, EPAM has positioned itself as a top IT service provider in the Swiss market NEWTOWN, Pa. , Sept. 24, 2024 /PRNewswire/ -- To achieve agility, innovation and cost efficiency, organizations are increasingly turning to strategic partnerships with specialized external IT vendors to boost competitiveness and growth.

EPAM Achieves Exceptional Performer Status in 2024 Swiss IT Sourcing Study

NEW YORK, NY / ACCESSWIRE / September 13, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of EPAM Systems, Inc. ("EPAM") (NYSE:EPAM) concerning possible violations of federal securities laws. On May 8, 2024, Epam updated its guidance for the full year and 2Q that was below expectations.

EPAM ACTIVE INVESTIGATION: Contact Levi & Korsinsky if you Lost Money on your EPAM Systems, Inc. Investment

EPAM takes home the gold for Best Use of AI for Learning, Best Competencies and Skill Development and Best Learning Program Supporting a Change Transformation Business Strategy NEWTOWN, Pa. , Sept. 12, 2024 /PRNewswire/ -- As AI continues to revolutionize industries and impact how we work, it is critical to invest in learning and development programs that empower team members to use AI more effectively and support business transformation.

EPAM Recognized for Best-In-Class AI Initiatives by Brandon Hall Group at the 2024 Human Capital Management Excellence Awards

NEW YORK, NY / ACCESSWIRE / September 12, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of EPAM Systems, Inc. ("EPAM") (NYSE:EPAM) concerning possible violations of federal securities laws. On May 8, 2024, Epam updated its guidance for the full year and 2Q that was below expectations.

EPAM STOCK ALERT: Levi & Korsinsky Notifies EPAM Systems, Inc. Investors of an Ongoing Investigation

NEW YORK, NY / ACCESSWIRE / September 10, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of EPAM Systems, Inc. ("EPAM") (NYSE:EPAM) concerning possible violations of federal securities laws. On May 8, 2024, Epam updated its guidance for the full year and 2Q that was below expectations.

EPAM ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by EPAM Systems, Inc.

NEW YORK, NY / ACCESSWIRE / September 9, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of EPAM Systems, Inc. ("EPAM") (NYSE:EPAM) concerning possible violations of federal securities laws. On May 8, 2024, Epam updated its guidance for the full year and 2Q that was below expectations.

News for EPAM Systems Stock (EPAM)