EPAM Systems reported a 2% YoY decrease in Q2 revenues to $1.147B, updating its full-year revenue range.
EPAM Systems, a digital transformation services provider, reported a 2% YoY decrease in Q2 revenues to $1.147B. The company's GAAP income from operations was 10.5% of revenues, non-GAAP income was 15.2%. EPAM updated its full-year revenue range to $4.590B-$4.625B, and its EPS range to $7.18-$7.38 GAAP, and $10.20-$10.40 non-GAAP. Revenues for Q3 are expected to be $1.145B-$1.155B, with GAAP EPS $1.75-$1.83, non-GAAP EPS $2.65-$2.73. Total headcount reached 52,650, with 47,000 delivery professionals by June 30, 2024. EPAM's Board of Directors approved a new share repurchase program, authorizing up to $500M of common stock.
August 08, 2024
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