EPAMEPAM Systems, Inc.

$8B

Q1 2024 Earnings

Technology Information Technology Services

Income Statement

Revenue

$1.2B-3.8% YoY

Gross Profit

$331M28.4% margin

Operating Income

$111M9.5% margin

Net Income

$116M10.0% margin

EPS (Diluted)

$1.97

QoQ Revenue Growth

+0.7%

Cash Flow

Operating Cash Flow

$130M

Free Cash Flow

$123M

Stock-Based Comp.

$45M

Balance Sheet

Total Assets

$4.4B

Total Liabilities

$899M

Stockholders' Equity

$3.5B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.2B	-3.8%
Gross Profit	$331M	$355M	-6.7%
Operating Income	$111M	$120M	-8.2%
Net Income	$116M	$102M	+13.6%

Revenue Segments

Consumer Goods, Retail & Travel

$259M22%

Financial Services Sector

$243M21%

Emerging Vertical Sector

$180M15%

Software And Hi-Tech Sector

$173M15%

Business Information and Media Sectors

$170M15%

Healthcare Sector

$140M12%

Geographic Segments

UNITED STATES

$667M57%

UNITED KINGDOM

$145M12%

Other Countries

$139M12%

SWITZERLAND

$98M8%

NETHERLANDS

$52M4%

GERMANY

$50M4%

CANADA

$23M2%

EPAM Q1 2024 Earnings — EPAM Systems, Inc. Revenue & Financial Results | Market Cap Arena