secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001352010-24-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201024000024/0001352010-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201024000024/epam-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001352010-24-000024

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