These Analysts Increase Their Forecasts On EPAM Systems After Upbeat Earnings



EPAM Systems, Inc (NYSE: EPAM) reported upbeat fourth-quarter financial results and issued strong first-quarter revenue guidance.

EPAM Systems reported a fourth-quarter FY23 sales decline of 6.0% year-on-year to $1.16 billion, beating the analyst consensus estimate of $1.14 billion. Adjusted EPS of $2.75 beat the consensus of $2.50, according to data from Benzinga Pro.

“EPAM’s performance in 2023 reflects our ability to successfully navigate a volatile demand and macro-economic environment,” said Arkadiy Dobkin, CEO & President, EPAM. “After rebalancing the majority of our delivery platforms across Europe, India, Asia and Latin America, and refining our growth strategy, we are …

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