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NEWTOWN, Pa. (AP) — NEWTOWN, Pa. (AP) — Epam Systems Inc. (EPAM) on Thursday reported second-quarter net income of $98.6 million.
On a per-share basis, the Newtown, Pennsylvania-based company said it had profit of $1.70. Earnings, adjusted for one-time gains and costs, were $2.45 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share.
The information technology services provider posted revenue of $1.15 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $1.14 billion.
For the current quarter ending in September, Epam expects its per-share earnings to range from $2.65 to $2.73.
The company said it expects revenue in the range of $1.15 billion to $1.16 billion for the fiscal third quarter.
Epam expects full-year earnings in the range of $10.20 to $10.40 per share, with revenue ranging from $4.59 billion to $4.63 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EPAM at https://www.zacks.com/ap/EPAM