EPAM Systems Q2 Earnings: Revenue And EPS Beat, Cuts Annual Revenue Outlook, CEO Highlights GenAI Expertise
Portfolio Pulse from Anusuya Lahiri
EPAM Systems reported Q2 2024 earnings with revenue and EPS beating analyst estimates, but lowered its annual revenue outlook. The company highlighted its GenAI expertise and announced a new $500 million share repurchase program.
August 08, 2024 | 1:01 pm
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EPAM Systems reported Q2 2024 earnings with revenue and EPS beating analyst estimates. However, the company lowered its annual revenue outlook and highlighted operational challenges. A new $500 million share repurchase program was announced.
While EPAM Systems beat revenue and EPS estimates, the lowered annual revenue outlook and operational challenges may offset the positive sentiment. The share repurchase program could provide some support to the stock price.
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