EPAM Q2 revenue $1.147B (-2% YoY); narrows FY24 guidance; new $500M buyback

EPAM Systems, Inc.

2024-Q2 EPS reported $3.67 revenue$2,312,062,000

Q2 GAAP diluted EPS $1.70 (-$0.33 YoY); non-GAAP diluted EPS $2.45 (-$0.19 YoY).
Q2 revenue $1.147B, down 2.0% YoY; organic constant currency down 2.8%.
FY24 revenue guidance narrowed to $4.590-$4.625B; GAAP EPS $7.18-$7.38, non-GAAP EPS $10.20-$10.40.
Q3 revenue guidance $1.145-$1.155B; GAAP EPS $1.75-$1.83, non-GAAP EPS $2.65-$2.73.
Board approved new $500M share repurchase program (24-month term); prior $500M program exhausted.

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