secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001352010-24-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM Q4 revenue down 6% to $1.157B; FY24 revenue growth guidance 1%-4%
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- Q4 2023 revenue $1.157B (-6.0% YoY); GAAP EPS $1.66 (-36.4%); Non-GAAP EPS $2.75 (-6.1%).
- Full-year 2023 revenue $4.691B (-2.8% YoY); GAAP EPS $7.06; Non-GAAP EPS $10.59.
- FY2024 outlook: revenue growth 1%-4%; Non-GAAP EPS $10.00-$10.40; GAAP EPS $7.20-$7.60.
- Q1 2024 revenue guidance $1.155B-$1.165B (-4% YoY at midpoint); Non-GAAP EPS $2.26-$2.34.
- Cost Optimization Program incurred $35.1M in FY2023; delivery headcount down 10.4% to ~47,350.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201024000003/0001352010-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201024000003/epam-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001352010-24-000003

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