Epam: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2024, 10:16 AM ET
Last Updated - Aug 08, 2024, 10:16 AM EDT
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.
