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EPAM Systems, Inc. reports news on its global digital and AI transformation services business, including custom software, product and platform engineering, integrated consulting, and enterprise technology delivery. Company updates commonly cover quarterly results, revenue outlook, operating margins, earnings measures, and capital returns through share repurchases.
EPAM news also includes AI-native service initiatives, enterprise partnerships, ServiceNow development capabilities, Microsoft-aligned security services, and recognition in European IT sourcing studies. These developments reflect the company’s focus on engineering-led transformation work for large enterprises and other technology-driven clients.
EPAM Systems, Inc. (NYSE: EPAM) will host a conference call on November 3, 2022, at 8:00 a.m. ET, to discuss its third quarter 2022 financial results. A news release with the results will be issued prior to the call. The conference call can be accessed live on the EPAM investor website. EPAM is recognized as a leading digital transformation services provider, serving clients globally and ranked among the top IT services companies.
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EPAM Systems reported Q2 2022 revenues of $1.195 billion, up 35.6% from the previous year, driven by a 40.1% increase in constant currency. GAAP income from operations decreased to 7.8% of revenues, while Non-GAAP income was 14.9%. GAAP diluted EPS fell to $0.32, an 83.5% drop, attributed to currency effects and operational declines. Non-GAAP diluted EPS increased 16.1% to $2.38. For Q3, EPAM forecasts at least $1.210 billion in revenue and a GAAP diluted EPS of at least $1.65.
EPAM Systems has achieved Elite tier partner status from Snowflake, enhancing its position in the Snowflake Partner Network. This recognition acknowledges EPAM's expertise in delivering data-driven solutions and services, helping clients leverage cloud capabilities for competitive advantage. The company boasts a robust portfolio with over 300 Snowflake-certified professionals and has built more than 20 complex platforms. EPAM's partnership reflects its commitment to aiding businesses in their digital transformation journeys.
EPAM Systems, Inc. (NYSE: EPAM) has scheduled a conference call for August 4, 2022, at 8:00 a.m. ET to discuss its second quarter 2022 financial results. The results will be released prior to the call. Interested parties can access the live call via the company's website. EPAM, a leader in digital transformation services, has been recognized for its innovative strategies and client solutions, serving customers globally since 1993.
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EPAM Systems has achieved platinum status in the Adobe Solution Partner Program, positioning itself in the top 15% of solution providers. This recognition comes from delivering exceptional customer satisfaction and executing numerous successful Adobe Experience Cloud deployments, boasting over 300 certified Adobe specialists. The partnership reflects EPAM's commitment to enhancing digital experiences through innovative, omni-channel solutions. EPAM has collaborated with Adobe since 2010, establishing a strong track record of customer success in digital transformation.
EPAM Systems (NYSE: EPAM) will hold an Investor Day on May 19, 2022, in Boston, Massachusetts, for financial analysts and institutional investors. The event will provide insights into the company’s strategies and performance. Interested parties can access the webcast at their investor site. EPAM has been recognized for its digital transformation services and was included in the S&P 500 and Forbes Global 2000.
EPAM Systems reported first quarter revenues of $1.172 billion, reflecting a significant 50.1% increase year-over-year. GAAP income from operations was 11.0% of revenues, while Non-GAAP income was 16.1%. GAAP diluted EPS decreased by 18.3% to $1.52, yet Non-GAAP diluted EPS rose by 37.6% to $2.49. For the upcoming second quarter, EPAM forecasts revenues of at least $1.140 billion and GAAP diluted EPS of at least $0.73. The company emphasizes its resilience amidst global challenges and plans to diversify its global delivery network.
EPAM Systems (NYSE: EPAM) will host an Investor & Analyst Day on May 19, 2022, in Boston, Massachusetts. The event is aimed at financial analysts and institutional investors, requiring advanced registration for attendees. Participants can join the event either virtually or in-person, with registration available through the company's website. A webcast will also be provided, ensuring accessibility for all interested parties. EPAM, recognized for its contributions to digital transformation and product engineering, has been a part of the S&P 500 and Forbes Global 2000.