earnings
confidence high
sentiment positive
materiality 0.75
EPAM Q3 revenue up 1.3% YoY to $1.168B; GAAP EPS $2.37; raises full-year outlook
EPAM Systems, Inc.
2024-Q3 EPS reported
$6.04
revenue$3,479,589,000
- GAAP diluted EPS $2.37 (+43.6% YoY); non-GAAP diluted EPS $3.12 (+14.3%).
- Q3 revenue $1.168B (+1.3% reported); organic constant currency down 0.3% ex-Russia exit.
- Full-year revenue guidance raised to $4.685B-$4.695B; GAAP EPS now $7.78-$7.86.
- Acquisition of NEORIS completed Nov 1, adding ~4,800 professionals; Q4 includes 4.7% inorganic revenue.
- Poland R&D incentive provided $52M benefit in Q3; expects recurring benefits in Q4 and beyond.