EPAM Q3 2023 Earnings — EPAM Systems, Inc. Revenue & Financial Results | Market Cap Arena

EPAMEPAM Systems, Inc.

$8B

Q3 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$1.2B-6.1% YoY

Gross Profit

$358M31.1% margin

Operating Income

$114M9.9% margin

Net Income

$97M8.4% margin

EPS (Diluted)

$1.65

QoQ Revenue Growth

-1.5%

Cash Flow

Operating Cash Flow

$215M

Free Cash Flow

$211M

Stock-Based Comp.

$38M

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$862M

Stockholders' Equity

$3.3B

Cash & Equivalents

$1.9B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.2B	-6.1%
Gross Profit	$358M	$400M	-10.6%
Operating Income	$114M	$180M	-36.7%
Net Income	$97M	$156M	-37.7%

Revenue Segments

Consumer Goods, Retail & Travel

$263M23%

Financial Services Sector

$246M21%

Business Information and Media Sectors

$184M16%

Software And Hi-Tech Sector

$174M15%

Emerging Vertical Sector

$160M14%

Healthcare Sector

$124M11%

Geographic Segments

UNITED STATES

$653M57%

UNITED KINGDOM

$141M12%

Other Countries

$140M12%

SWITZERLAND

$92M8%

NETHERLANDS

$59M5%

GERMANY

$45M4%

CANADA

$22M2%

Russia Segment

$2M0%