EPAM Q4 2023 Earnings — EPAM Systems, Inc. Revenue & Financial Results | Market Cap Arena

EPAMEPAM Systems, Inc.

$8B

Q4 2023 Earnings

Technology Information Technology Services

Income Statement

Revenue

$1.2B-6.0% YoY

Gross Profit

$360M31.1% margin

Operating Income

$122M10.6% margin

Net Income

$98M8.4% margin

EPS (Diluted)

$1.66

QoQ Revenue Growth

+0.4%

Cash Flow

Operating Cash Flow

$171M

Free Cash Flow

$161M

Stock-Based Comp.

$38M

Balance Sheet

Total Assets

$4.4B

Total Liabilities

$881M

Stockholders' Equity

$3.5B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.2B	$1.2B	-6.0%
Gross Profit	$360M	$399M	-9.8%
Operating Income	$122M	$170M	-28.1%
Net Income	$98M	$155M	-37.1%

Revenue Segments

Consumer Goods, Retail & Travel

$258M22%

Financial Services Sector

$242M21%

Business Information and Media Sectors

$178M15%

Emerging Vertical Sector

$170M15%

Software And Hi-Tech Sector

$169M15%

Healthcare Sector

$140M12%

Geographic Segments

UNITED STATES

$652M56%

Other Countries

$145M13%

UNITED KINGDOM

$137M12%

SWITZERLAND

$96M8%

NETHERLANDS

$60M5%

GERMANY

$46M4%

CANADA

$22M2%