EPAM Systems (EPAM) Tops Q4 EPS by 6c

EPAM Systems (NYSE: EPAM) reported Q4 EPS of $1.51, $0.06 better than the analyst estimate of $1.45. Revenue for the quarter came in at $632.8 million versus the consensus estimate of $617.91 million.

"We are pleased to report another strong year with industry-leading organic growth, enabled by ongoing investments across our people, platforms and geographies and further enhanced by our strategic acquisitions," said Arkadiy Dobkin, CEO & President, EPAM. "We remain confident in our ability to provide highly relevant, adaptive services that help our customers succeed in an increasingly competitive and disruptive environment."

GUIDANCE:

EPAM Systems sees FY2020 EPS of $6.30, versus the consensus of $6.47. The Company expects revenue growth for 2020 to exceed 22% on both a GAAP and constant currency basis.

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

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