Epam Systems is a global technology and consulting firm that specializes in software engineering, digital transformation, and product development services
The company partners with clients across various industries to design and deliver innovative solutions that enhance their business operations and customer experiences. By leveraging advanced technologies and methodologies, Epam helps organizations navigate complex challenges, optimize their processes, and drive growth in an increasingly digital landscape. Its expertise spans areas such as cloud services, data analytics, and user experience design, making it a key player in the technology services sector.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Friday. Below you can find the top S&P500 gainers and losers in today's session.
EPAM Systems (NYSEEPAM) reported Q2 2024 sales declined 2.0% YoY to $1.15B, beating analyst consensus of $1.14B. Adjusted EPS of $2.45 beat consensus of $2.26. Q2 income from operations decreased to 10.5%. Company approved $500M share repurchase program. CEO cites improvements in delivery and capabilities. Fiscal 2024 revenue outlook lowered to $4.59B-$4.625B, adjusted EPS to $10.20-$10.40. Q3 revenue expected at $1.145B-$1.155B, adjusted EPS at $2.65-$2.73. Stock lost 15% in past year. Price up 0.40% premarket.
A stealth bear market could be defined as a bear market where several stocks have fallen more than 20% within the market, but yet the overall market itself hasn’t fallen.
