EPAM Systems (EPAM) Tops Q3 EPS by 42c, provides guidance

EPAM Systems (NYSE: EPAM) reported Q3 EPS of $3.12, $0.42 better than the analyst estimate of $2.70. Revenue for the quarter came in at $1.17 billion versus the consensus estimate of $1.15 billion.

GUIDANCE:

EPAM Systems sees FY2024 EPS of $10.73-$10.81, versus the consensus of $10.30. EPAM Systems sees FY2024 revenue of $4.685-4.695 billion, versus the consensus of $4.616 billion.

For the full year, EPAM expects GAAP income from operations to now be in the range of 11.0% to 11.5% of revenues and non-GAAP income from operations to now be in the range of 16.0% to 16.5% of revenues;
The Company expects its GAAP effective tax rate to now be approximately 23% and continues to expect its non-GAAP effective tax rate to be approximately 24%; and

For earnings history and earnings-related data on EPAM Systems (EPAM) click here.

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