earnings
confidence high
sentiment positive
materiality 0.75
EPAM Q2 revenue $1.415B (+4.5% YoY); GAAP EPS $1.97 (+26.3%); raises full-year guidance
EPAM Systems, Inc.
- Revenue $1.415B, up 4.5% YoY; organic constant currency growth 3.4%.
- GAAP operating margin 10.8% (up from 9.3%); non-GAAP margin 16.4% (up from 15.0%).
- GAAP diluted EPS $1.97 (+26.3%); non-GAAP diluted EPS $3.38 (+22.0%).
- Full-year revenue growth guidance raised to 3.2-4.2%; GAAP EPS $8.22-$8.38, non-GAAP $13.08-$13.24.
- Spent $85M on share repurchases in Q2, $409M YTD.