NEWTOWN, Pa. (AP) — NEWTOWN, Pa. (AP) — Epam Systems Inc. (EPAM) on Thursday reported second-quarter net income of $88 million.
On a per-share basis, the Newtown, Pennsylvania-based company said it had profit of $2.77. Earnings, adjusted for one-time gains and costs, came to $2.45 per share.
The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.61 per share.
The information technology services provider posted revenue of $1.35 billion in the period, beating Street forecasts. Seven analysts surveyed by Zacks expected $1.33 billion.
For the current quarter ending in September, Epam expects its per-share earnings to range from $2.98 to $3.06.
The company expects full-year earnings in the range of $10.96 to $11.12 per share.
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