earnings
confidence high
sentiment positive
materiality 0.75
EPAM Q3 revenue $1.227B (+24.1% YoY); GAAP EPS $2.63 (+34.9%); guides Q4 rev $1.22-$1.23B
EPAM Systems, Inc.
2022-Q3 EPS reported
$4.47
revenue$3,593,395,000
- Revenue $1.227B, up 24.1% YoY (29.8% constant currency); acquisitions contributed 4.2%, Russia exit reduced by 4.7%.
- GAAP diluted EPS $2.63 (+34.9% YoY); Non-GAAP diluted EPS $3.10 (+28.1% YoY).
- Q4 guidance: revenue $1.220-$1.230B (11% YoY growth at midpoint), GAAP EPS $2.02-$2.10, Non-GAAP EPS $2.62-$2.70.
- Cash from operations $278M for first nine months of 2022; total headcount ~60,300 as of Sep 30, 2022.
- Non-GAAP operating margin 18.9%; GAAP operating margin 14.7%; CEO cited strong Ukraine team performance.