UPDATE: Epam Systems, Inc. (EPAM) Tops Q4 EPS by 1c, Offers Guidance

Epam Systems, Inc. (NYSE: EPAM) reported Q4 EPS of $0.62, $0.01 better than the analyst estimate of $0.61. Revenue for the quarter came in at $202.2 million versus the consensus estimate of $201.53 million.

Full Year and First Quarter 2015 Outlook
Based on current conditions, EPAM expects year-over-year revenue growth to be 21%-23%. Non-GAAP net income growth for 2015 is expected to be in the range of 20% to 22% year-over-year, with an effective tax rate of approximately 20%. The full year weighted average share count is expected to be just approximately 51 million diluted shares outstanding.

For the first quarter of 2015, EPAM expects revenues between $196 million and $198 million, representing a growth rate of 22% to 23% over first quarter 2014 revenues. First quarter 2015 non-GAAP diluted EPS is expected to be in the range of $0.54 to $0.55 based on an estimated first quarter 2015 weighted average of 50.7 million diluted shares. GAAP diluted EPS is expected to be in the range of $0.34 to $0.35.

(Street sees Q1 EPS of $0.60 on revenue of $194.99 million)

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

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