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.

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Cost of revenue

Gross profit

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SG&A

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EBITDA

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Earnings per share

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Stockholders equity

Minority interest

Total liabilities & equity

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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

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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.

Looking for a stock that offers the promise of above-average capital gains? One way to screen for such stocks is by checking out the GuruFocus Fast Growers screener.

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Ukraine invasion impact mitigated for EPAM Systems, 2022 Adj EPS +39%. EPAM Systems is guiding for +20% revenue growth in 2023.

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EPAM has continued to beat analyst expectations while being a stock with >90% institutional ownership. It has also continued to grow revenues, display profits, and generate historically high levels of cash flow.

EPAM Systems: Steady Growth Player For The Present

EPAM Systems, Inc. (NYSE:EPAM ) Q3 2022 Earnings Conference Call November 3, 2022 8:00 AM ET Company Participants David Straube - Head of Investor Relations Arkadiy Dobkin - Chairman, President and Chief Executive Officer Jason Peterson - Chief Financial Officer, Senior Vice President & Treasurer Conference Call Participants Bryan Bergin - Cowen David Grossman - Stifel Darrin Peller - Wolfe Research Ashwin Shirvaikar - Citi Ramsey El-Assal - Barclays James Faucette - Morgan Stanley Surinder Thind - Jefferies Jamie Friedman - Susquehanna Operator Good day, and thank you for standing by, welcome to the EPAM Systems Third Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode.

EPAM Systems, Inc. (EPAM) Q3 2022 Earnings Call Transcript

EPAM Systems' (EPAM) Q3 results reflect the benefits of the ongoing digital transformation and a continued focus on customer engagement and product development.

EPAM Systems (EPAM) Beats on Q3 Earnings & Revenue Estimates

Third quarter revenues of $1.227 billion, up 24.1% year-over-year GAAP Income from Operations was 14.7% of revenues and Non-GAAP Income from Operations was 18.9% of revenues for the third quarter Third quarter GAAP Diluted EPS of $2.63, an increase of 34.9%, and Non-GAAP Diluted EPS of $3.10, an increase of 28.1% on a year-over-year basis For the fourth quarter, EPAM expects revenues to be in the range of $1.220 billion to $1.230 billion, GAAP Diluted EPS to be in the range of $2.02 to $2.10 and Non-GAAP Diluted EPS to be in the range of $2.62 to $2.70 NEWTOWN, Pa. , Nov. 3, 2022 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today reported results for the third quarter ended September 30, 2022.

EPAM Reports Results for Third Quarter 2022

From thoughts on in-person banking experiences to skepticism of cryptocurrency and the rise of embedded finance, EPAM Continuum unpacks consumer insights and attitudes toward retail banking products and services NEWTOWN, Pa. , Nov. 2, 2022 /PRNewswire/ -- EPAM Continuum, the integrated business, technology and experience consulting practice of EPAM Systems, Inc. (NYSE: EPAM), today announced the release of its third annual Consumer Banking Report — revealing how customers' evolving attitudes, needs and expectations are reshaping the industry and changing how banks compete to deliver services in an increasingly competitive marketplace.

EPAM Continuum Releases Third Annual Consumer Banking Report - Revealing Shifting Trends Facing the Banking Industry

Accelerated digital modernization across industries and acquisitions are likely to aid EPAM Systems' (EPAM) Q3 results.

Factors to Note Ahead of EPAM Systems' (EPAM) Q3 Earnings

Epam (EPAM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Epam (EPAM) Reports Next Week: Wall Street Expects Earnings Growth

Recognition highlights EPAM Continuum's ability to seamlessly integrate the growth of its consulting capabilities and engineering execution to drive value and competitive advantage for global customers NEWTOWN, Pa. , Oct. 20, 2022 /PRNewswire/ -- EPAM Continuum, the integrated business, experience and technology consulting practice of EPAM Systems, Inc. (NYSE: EPAM), today announced it has been recognized by Consulting Magazine as a Top 26 Fastest Growing Firm for 2022 — ranking #16, moving up two positions in two years — recognizing EPAM's global leadership in strategic advisory consulting and software engineering services.

EPAM Continuum Recognized as a 2022 Fastest Growing Firm by Consulting Magazine

NEWTOWN, Pa. , Oct. 6, 2022 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM) will host a conference call at 8:00 a.m.

EPAM Announces Date for Third Quarter 2022 Earnings Release and Conference Call

The recognition honors EPAM's commitment to fostering an inclusive and supportive culture where employees have the digital tools and resources needed to succeed NEWTOWN, Pa. , Oct. 6, 2022 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has earned recognition among Newsweek's list of Top 100 Most Loved Workplaces for the second consecutive year — climbing from #49 in 2021 to #34 in 2022.

EPAM Named to Newsweek's 2022 Top 100 Most Loved Workplaces for the Second Consecutive Year

Accelerated digital transformation and focus on acquisitions and partnerships help EPAM Systems (EPAM) enhance product offerings and expand globally.

EPAM Benefits from Digital Transformation, Partnerships

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While many tech companies have disappointed investors with their recent quarterly performance, EPAM Systems (EPAM) has delivered strong Q2 results, sending its shares 22.1% higher in August.

Why Did EPAM Systems (EPAM) Stock Soar 22% Last Month?

EPAM is proving the durability of its competitive advantages and the resilience of its business.

This Software Company's Handling of Short-Term Headwinds Shows It's a Long-Term Winner

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EPAM Systems was the best performer in the index in August. Ball Corp. was the worst.

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Epam (EPAM) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

News for EPAM Systems Stock (EPAM)