secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001352010-22-000045
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM Q2 revenue $1.195B (+35.6% YoY); Non-GAAP EPS $2.38 (+16.1%); GAAP EPS $0.32 on ruble FX
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201022000045/0001352010-22-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201022000045/epam-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001352010-22-000045

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