EPAM Systems, Inc. (NYSE:EPAM) – EPAM Beat On Q2 Earnings, Guides For Better Than Expected FY21 Outlook

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  • EPAM Systems Inc (NYSE: EPAMreported second-quarter FY21 revenue growth of 39.4% year-on-year to $881.4 million beating the analyst consensus of 860.4 million. Acquisitions generated 3.1% revenue growth.
  • Revenue from Financial Services grew 51% Y/Y to $194 million, Travel and Consumer grew 60% Y/Y to $171 million, Software and Hi-tech increased 33% Y/Y to $159 million, Business information and media expanded 13% Y/Y to $158 million, Lifesciences and healthcare grew 33% Y/Y to $92 million and Emerging increased 56% Y/Y to $107 million.
  • Non-GAAP EPS of $2.05 beat the analyst consensus of $1.93.
  • EPAM generated $81.7 million in operating cash flow and held $1.3 billion in cash and equivalents.
  • EPAM continues to expand capabilities and global talent footprint deepening customer relationships and…

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