EPAM Q2 2024 Earnings — EPAM Systems, Inc. Revenue & Financial Results | Market Cap Arena

EPAMEPAM Systems, Inc.

$8B

Q2 2024 Earnings

Technology Information Technology Services

Income Statement

Revenue

$1.1B-2.0% YoY

Gross Profit

$336M29.3% margin

Operating Income

$121M10.5% margin

Net Income

$99M8.6% margin

EPS (Diluted)

$1.70

QoQ Revenue Growth

-1.6%

Cash Flow

Operating Cash Flow

$57M

Free Cash Flow

$52M

Stock-Based Comp.

$36M

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$825M

Stockholders' Equity

$3.4B

Cash & Equivalents

$1.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$1.2B	-2.0%
Gross Profit	$336M	$361M	-7.1%
Operating Income	$121M	$144M	-16.5%
Net Income	$99M	$120M	-17.8%

Revenue Segments

Consumer Goods, Retail & Travel

$252M22%

Financial Services Sector

$244M21%

Emerging Vertical Sector

$175M15%

Software And Hi-Tech Sector

$169M15%

Business Information and Media Sectors

$166M14%

Healthcare Sector

$140M12%

Geographic Segments

UNITED STATES

$663M57%

Other Countries

$162M14%

UNITED KINGDOM

$128M11%

SWITZERLAND

$101M9%

GERMANY

$50M4%

NETHERLANDS

$45M4%

CANADA

$21M2%