EPAM Q1 2023 Earnings — EPAM Systems, Inc. Revenue & Financial Results | Market Cap Arena

EPAMEPAM Systems, Inc.

$8B

Q1 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$1.2B+3.4% YoY

Gross Profit

$355M29.3% margin

Operating Income

$120M9.9% margin

Net Income

$102M8.4% margin

EPS (Diluted)

$1.73

QoQ Revenue Growth

-1.7%

Cash Flow

Operating Cash Flow

$87M

Free Cash Flow

$79M

Stock-Based Comp.

$39M

Balance Sheet

Total Assets

$4.1B

Total Liabilities

$941M

Stockholders' Equity

$3.1B

Cash & Equivalents

$1.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.2B	+3.4%
Gross Profit	$355M	$391M	-9.1%
Operating Income	$120M	$129M	-6.9%
Net Income	$102M	$90M	+14.0%

Revenue Segments

Consumer Goods, Retail & Travel

$278M23%

Financial Services Sector

$271M22%

Business Information and Media Sectors

$202M17%

Software And Hi-Tech Sector

$189M16%

Emerging Vertical Sector

$159M13%

Healthcare Sector

$111M9%

Geographic Segments

UNITED STATES

$679M56%

UNITED KINGDOM

$155M13%

Other Countries

$151M12%

SWITZERLAND

$90M7%

NETHERLANDS

$59M5%

GERMANY

$43M4%

CANADA

$28M2%

Russia Segment

$6M0%