secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001352010-24-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM Q3 revenue up 1.3% YoY to $1.168B; GAAP EPS $2.37; raises full-year outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201024000041/0001352010-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201024000041/epam-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001352010-24-000041

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