Epam: Q1 Earnings Snapshot
By AP News
Published - May 05, 2023, 06:18 AM ET
Last Updated - Jun 21, 2023, 10:27 PM EDT
NEWTOWN, Pa. (AP) — NEWTOWN, Pa. (AP) — Epam Systems Inc. (EPAM) on Friday reported first-quarter profit of $102.3 million.
The Newtown, Pennsylvania-based company said it had profit of $1.73 per share. Earnings, adjusted for stock option expense and non-recurring costs, came to $2.47 per share.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.34 per share.
The information technology services provider posted revenue of $1.21 billion in the period, which met Street forecasts.
