secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001352010-23-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM Q4 revenue $1.23B (+11.2% YoY), non-GAAP EPS $2.93; $500M buyback; FY23 rev at least $5.25B
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- Q4 revenue $1.231B (+11.2% YoY, constant currency +14.4%); GAAP EPS $2.61 (+8.7%), non-GAAP EPS $2.93 (+6.2%).
- FY22 revenue $4.825B (+28.4% YoY); GAAP EPS $7.09 (-13%), non-GAAP EPS $10.90 (+20.4%).
- Board approved $500M share repurchase program with 24-month term.
- FY23 revenue guidance at least $5.25B (>9% growth); Q1 revenue $1.20-1.21B; non-GAAP EPS $11.15-$11.35.
- Russian exit negatively impacted Q4 revenue growth by 4.4% (FY: 3.7%); operating cash flow $186M in Q4 vs $285M prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201023000006/0001352010-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201023000006/epam-20230216.htm
  HTML page:      https://secwatch.observer/filing/0001352010-23-000006

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