Epam Systems Q2 profit beats on AI-native momentum
EPAM•Outlook
- EPAM expects Q3 revenue between $1.410 bln and $1.425 bln
- Company sees full-year revenue growth of 3.2% to 4.2%
- EPAM expects Q3 GAAP diluted EPS of $2.33 to $2.41 and non-GAAP EPS of $3.38 to $3.46
Overview
- Digital transformation services firm's Q2 revenue grew 4.5%, a slight beat of analyst expectations
- Adjusted EPS for Q2 rose 22% to $3.38, beating analyst expectations
- Company spent $85 mln on share repurchases in Q2
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Revenue | Slight Beat* | $1.42 bln | $1.41 bln (16 Analysts) |
| Q2 Adjusted EPS | Beat | $3.38 | $3.14 (17 Analysts) |
| Q2 EPS | $1.97 | ||
| Q2 Adjusted Income from Operations | Beat | $232.70 mln | $217.03 mln (15 Analysts) |
| Q2 Income from Operations | $152.20 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
