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

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Earnings data Q1 2023

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Earnings data Q1 2024

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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

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Minority interest

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Purchase/sale of investments

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EPAM Systems, Inc. engages in the provision of digital engineering, cloud, and artificial intelligence-enabled transformation services. The firm combines software engineering with customer experience design, business consulting, strategy, and technology innovation services in areas such as cloud platforms, cybersecurity, and artificial intelligence. It operates through the North America and Europe geographical segments. The company was founded by Leonid Lozner and Arkadiy Dobkin in 1993 and is headquartered in Newtown, PA.

Major U.S. equities indexes advanced as data showed that initial unemployment claims rose to their highest level since August. The latest signal of cooling in the labor market could nudge the Federal Reserve as policymakers consider how soon it may be appropriate to lower interest rates.

S&P 500 Gains and Losses Today: Epam Systems Shares Plunge Amid Demand Challenges

EPAM Systems, Inc. (NYSE:EPAM ) Q1 2024 Earnings Conference Call May 9, 2024 8:00 AM ET Company Participants David Straube – Head of Investor Relations Arkadiy Dobkin – Chief Executive Officer and President Jason Peterson – Chief Financial Officer Conference Call Participants Bryan Bergin – TD Cowen Jonathan Lee – Guggenheim Securities Maggie Nolan – William Blair Surinder Thind – Jefferies Jason Kupferberg – Bank of America Moshe Katri – Wedbush Securities Ramsey El-Assal – Barclays Ryan Potter – Citigroup James Friedman – Susquehanna James Faucette – Morgan Stanley Arvind Ramnani – Piper Sandler Operator Thank you for standing by. My name is Eric and I will be your conference operator today.

EPAM Systems, Inc. (EPAM) Q1 2024 Earnings Call Transcript

First quarter revenues of $1.165 billion, down 3.8% year-over-year GAAP income from operations was 9.5% of revenues and non-GAAP income from operations was 14.9% of revenues for the first quarter First quarter GAAP diluted EPS of $1.97, an increase of $0.24, and non-GAAP diluted EPS of $2.46, a decrease of $0.01 on a year-over-year basis For the full year, EPAM updates expected revenues to now be in the range of $4.575 billion to $4.675 billion, updates expected GAAP diluted EPS to now be in the range of $7.34 to $7.64 and narrows expected range for non-GAAP diluted EPS to $10.00 to $10.30 For the second quarter, EPAM expects revenues to be in the range of $1.135 billion to $1.145 billion, GAAP diluted EPS to be in the range of $1.52 to $1.60 and non-GAAP diluted EPS to be in the range of $2.21 to $2.29 NEWTOWN, Pa. , May 9, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced results for the first quarter ended March 31, 2024.

EPAM Reports Results for First Quarter 2024 and Updates Full Year Outlook

2024 LinkedIn Top Companies List recognizes EPAM's effectiveness in empowering teams with the tools and resources required for successful client transformations NEWTOWN, Pa., April 23, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has been named a best workplace for career growth in Europe by LinkedIn.

EPAM Named a Top Company in Europe by LinkedIn

EPAM Systems is a US company that provides software engineering and product development services across 55 countries. Share performance has been lackluster recently, with a decline of over -13% in the past year. Despite near-term challenges, EPAM remains a cash-rich business with potential for future growth in demand, driven by secular enterprise AI trends.

EPAM Systems: Cash-Rich Service Business With AI Tailwinds

Fueled by exceptional delivery, product contribution and extensive sales and technical enablement, EPAM's commitment to excellence drives achievement of the highest partner status with commercetools NEWTOWN, Pa. , April 11, 2024 /PRNewswire/ -- Composable technologies offer organizations the ability to customize solutions to their exact needs, scale systems efficiently and adapt rapidly to changing requirements, fostering agility and innovation.

EPAM Achieves Platinum Partner Status with commercetools, Signaling Growing Expertise in Composable Technologies

NEWTOWN, Pa. , April 10, 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 First Quarter 2024 Earnings Release and Conference Call

The award for talent development recognizes those who demonstrate a commitment to training, upskilling and reskilling their team's cloud skills NEWTOWN, Pa. , April 10, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has won the 2024 Google Cloud Talent Development Partner of the Year Award, North America.

EPAM Wins 2024 Google Cloud Talent Development Partner of the Year Award in North America

Achieving top scores in transformative innovation and account management quality, EPAM leads the Nordic IT market in customer satisfaction   NEWTOWN, Pa. and STOCKHOLM , April 3, 2024 /PRNewswire/ -- Businesses continue to be impacted by growing technology modernization requirements needed to sustain growth and remain competitive, highlighting the need for external IT providers to bring the latest digital transformation services and engineering capabilities.

EPAM Named a Top IT Sourcing Vendor in the Nordics

Enhancing EPAM's ability to deliver advanced cloud, engineering, testing and digital services to global clients  NEWTOWN, Pa. and CORDOBA, Argentina, March 26, 2024 /PRNewswire/ -- Staying competitive as technology evolves can be challenging.

EPAM Expands its Reach in Latin America with Acquisition of Vates

TaskUS

Investors interested in Computers - IT Services stocks are likely familiar with TaskUs (TASK) and Epam (EPAM). But which of these two stocks presents investors with the better value opportunity right now?

TASK vs. EPAM: Which Stock Is the Better Value Option?

Rated as an exceptional performer in service delivery quality, application services, account management quality and general satisfaction by Whitelane Research, EPAM has established itself as a top IT service provider in the Dutch IT sourcing market NEWTOWN, Pa. and HOOFDDORP, Netherlands , March 12, 2024 /PRNewswire/ -- The strategic utilization of external IT providers has emerged as a dynamic solution for enterprises to achieve flexible business scalability, address talent shortages, sustain growth and boost overall competitiveness.

EPAM Recognized as a Top IT Sourcing Vendor in the Netherlands

Investors interested in stocks from the Computers - IT Services sector have probably already heard of TaskUs (TASK) and Epam (EPAM). But which of these two stocks is more attractive to value investors?

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

Organizations can easily quantify the value of open source and identify areas to fully tap into their open source potential with EPAM's OSPulse™ Enterprise-Level Analytics Open Source Dashboard NEWTOWN, Pa. , Feb. 22, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced the launch of OSPulse™, an enterprise-level analytics dashboard for monitoring open source engagement within an organization.

EPAM Launches OSPulse™ to Help Companies Measure and Improve Open Source Engagement

Report underscores increasing consumer expectations for enhanced digital capabilities, with the emergence of fintech disruptors offering more personalized and convenient digital experiences NEWTOWN, Pa. , Feb. 20, 2024 /PRNewswire/ -- EPAM Continuum , the integrated business, technology and experience consulting practice of EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced the release of its fourth annual Consumer Banking Report, revealing ongoing satisfaction with banks globally amid rising consumer expectations for digital capabilities and personalization.

EPAM Continuum's 2024 Consumer Banking Report Highlights AI Success with a 96% Satisfaction Rate

EPAM Systems' (EPAM) fourth-quarter 2023 results reflect the negative impacts of a slowdown in IT spending in the ongoing uncertain macroeconomic environment.

EPAM Systems (EPAM) Gains 8% as Q4 Earnings Beat Estimates

EPAM Systems, Inc. (EPAM) Q4 2023 Earnings Call Transcript

EPAM Systems forecast first-quarter revenue above analysts' expectations and beat quarterly results estimates on Thursday, helped by strong demand for its software services as more businesses invest in deploying AI-linked applications.

AI adoption bets drive EPAM revenue forecast above estimates

Fourth Quarter 2023 Revenues of $1.157 billion, down 6.0% year-over-year GAAP Income from Operations was 10.6% of revenues and Non-GAAP Income from Operations was 17.3% of revenues GAAP Diluted EPS of $1.66, a decrease of 36.4%, and Non-GAAP Diluted EPS of $2.75, a decrease of 6.1% on a year-over-year basis Full Year 2023 Revenues of $4.691 billion, down 2.8% year-over-year GAAP Income from Operations was 10.7% of revenues and Non-GAAP Income from Operations was 16.3% of revenues GAAP Diluted EPS of $7.06, a decrease of 0.4%, and Non-GAAP Diluted EPS of $10.59, a decrease of 2.8% on a year-over-year basis NEWTOWN, Pa. , Feb. 15, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced results for its fourth quarter and full year ended December 31, 2023.

EPAM Reports Results for Fourth Quarter and Full Year 2023

Recognition follows EPAM's growth in Latin America and leadership in areas including innovation and employee experience NEWTOWN, Pa. and BOGOTÁ, Colombia , Feb. 12, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has been recognized as a top 10 preferred tech company in Colombia among professionals under 35 years old by the 2024 Top of Mind Index Tech study conducted by FirstJob, a company specialized in employability data.

EPAM Recognized as a Preferred Tech Company Among Young Professionals in Colombia

Accenture Plc

So far, to the best of my knowledge, only three prominent stocks have surged tremendously as a direct result of the AI Revolution: Microsoft (NASDAQ: MSFT ), Super Micro (NASDAQ: SMCI ) and Nvidia (NASDAQ: NVDA ) — of course. Microsoft is incorporating AI into its software and sells AI tools to many firms through its cloud infrastructure unit, Azure.

3 AI Stocks to Buy for the Next Bull Run: February 2024

With high customer satisfaction scores and significant leads above competitors and market averages, EPAM has differentiated itself as a top IT service provider in the European IT sourcing market NEWTOWN, Pa. , Feb. 5, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has been named a Top IT Sourcing Vendor in Europe, earning recognition for exceptional client satisfaction and strong category performance rankings across multiple evaluation criteria by Whitelane Research, an independent organization focused on IT sourcing research across Europe.

EPAM Recognized as a Top IT Sourcing Vendor in Europe

EPAM Systems (EPAM) collaborates with Alphabet's Google Cloud to launch its Retail Media Orchestration Toolkit.

EPAM Systems (EPAM) Introduces Retail Media Accelerators

EPAM's Retail Media Orchestration Toolkit provides a solution for retailers to scale their retail media business and leverage the analytical capabilities of Google Cloud NEWTOWN, Pa. , Jan. 24, 2024 /PRNewswire/ -- Retail media offers a significant revenue-generating opportunity for retailers to sell advertising space fueled by customer transactional data and insights.

EPAM Launches a Composable Suite of Retail Media Accelerators with Google Cloud

Software Engineering Services, Experience Build Services and Experience Design Services NEWTOWN, Pa. , Jan. 18, 2024 /PRNewswire/ -- Customer Experience (CX) is at the core of an enterprise business customer relationship.

News for EPAM Systems Stock (EPAM)