Epam Beats Q4 Estimates as Revenue Reaches $1.41 Billion and Adjusted EPS Hits $3.26

Overview

• Epam reported fourth-quarter net income of $109.4 million, equal to GAAP earnings of $1.98 per share.
• Adjusted earnings were $3.26 per share on revenue of $1.41 billion, topping Zacks’ surveyed estimates of $3.16 EPS and $1.39 billion revenue.
• For the full fiscal year, the company posted profit of $377.7 million, or $6.72 per share, on revenue of $5.46 billion.
• For the quarter ending in March, Epam guided EPS to $2.70 to $2.78 and revenue to $1.39 billion to $1.40 billion.
• Full-year guidance set EPS at a range of $12.60 to $12.90.