EPAM Q2 2023 Earnings — EPAM Systems, Inc. Revenue & Financial Results | Market Cap Arena

EPAMEPAM Systems, Inc.

$8B

Q2 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$1.2B-2.1% YoY

Gross Profit

$361M30.9% margin

Operating Income

$144M12.3% margin

Net Income

$120M10.3% margin

EPS (Diluted)

$2.03

QoQ Revenue Growth

-3.4%

Cash Flow

Operating Cash Flow

$89M

Free Cash Flow

$82M

Stock-Based Comp.

$33M

Balance Sheet

Total Assets

$4.1B

Total Liabilities

$830M

Stockholders' Equity

$3.3B

Cash & Equivalents

$1.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.2B	-2.1%
Gross Profit	$361M	$349M	+3.7%
Operating Income	$144M	$93M	+55.2%
Net Income	$120M	$19M	+545.2%

Revenue Segments

Consumer Goods, Retail & Travel

$273M23%

Financial Services Sector

$259M22%

Business Information and Media Sectors

$190M16%

Software And Hi-Tech Sector

$175M15%

Emerging Vertical Sector

$158M14%

Healthcare Sector

$114M10%

Geographic Segments

UNITED STATES

$650M56%

UNITED KINGDOM

$152M13%

Other Countries

$143M12%

SWITZERLAND

$89M8%

NETHERLANDS

$58M5%

GERMANY

$45M4%

CANADA

$26M2%

Russia Segment

$6M1%