secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001352010-23-000038
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM Q2 revenues down 2.1% to $1.17B; narrows FY revenue guidance to $4.65-4.70B
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- GAAP diluted EPS $2.03 vs $0.32 YoY; Non-GAAP diluted EPS $2.64 vs $2.38, up 10.9%.
- Revenue $1.170B, down 2.1% YoY; organic constant currency decline 1.7% excluding Russia exit.
- Full year revenue guidance narrowed to $4.650-$4.700B (midpoint -3% YoY); GAAP EPS $7.00-$7.20; Non-GAAP EPS $9.90-$10.10.
- Q3 revenue guidance $1.140-$1.150B (down ~7% YoY); GAAP EPS $1.62-$1.70; Non-GAAP EPS $2.52-$2.60.
- Headcount ~55,600; delivery professionals down 3.4% sequentially, reflecting demand softness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201023000038/0001352010-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201023000038/epam-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001352010-23-000038

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