EPAM cuts Q2 and FY 2023 guidance on demand softness; revenue now seen down 2%

EPAM Systems, Inc.

Full year revenue guidance reduced to $4.650B–$4.800B, a 2% YoY decline at midpoint.
Q2 revenue expected $1.160B–$1.170B, down 2.5% YoY at midpoint.
Non-GAAP diluted EPS now $9.80–$10.20 for FY (was previously higher).
CEO cites slower pipeline conversions and further client caution in IT services 'build' segment.
New logo acquisition pace and customer retention remain strong, per management.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.