earnings
confidence high
sentiment neutral
materiality 0.70
EPAM Q2 revenue $1.195B (+35.6% YoY); Non-GAAP EPS $2.38 (+16.1%); GAAP EPS $0.32 on ruble FX
EPAM Systems, Inc.
2022-Q2 EPS reported
$1.84
revenue$2,366,475,000
- Revenue $1.195B, up 35.6% YoY (40.1% constant currency); acquisitions contributed 6.2%.
- Non-GAAP income from ops $177.5M (+14.3%); Non-GAAP diluted EPS $2.38 (+16.1%).
- GAAP income from ops $93.0M (-25.7%); GAAP diluted EPS $0.32 (-83.5%), due to Ruble impact on intercompany payables.
- Q3 guidance: revenue at least $1.210B (22% YoY); GAAP EPS ≥$1.65; Non-GAAP EPS ≥$2.48.
- Cash from operations first half 2022 $25.7M vs $81.7M YoY; cash balance $1.296B.