secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001352010-22-000053
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM Q3 revenue $1.227B (+24.1% YoY); GAAP EPS $2.63 (+34.9%); guides Q4 rev $1.22-$1.23B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201022000053/0001352010-22-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201022000053/epam-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001352010-22-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer