EPAM Systems, Inc. (NYSE:EPAM ) Q2 2024 Earnings Conference Call August 8, 2024 8:00 AM ET Company Participants Mike Rowshandel - Head of Investor Relations Arkadiy Dobkin - President & Chief Executive Officer Jason Peterson - Chief Financial Officer Conference Call Participants Maggie Nolan - William Blair Bryan Bergin - TD Cowen Darrin Peller - Wolfe Research Jim Schneider - Goldman Sachs Jonathan Lee - Guggenheim Securities Ramsey El-Assal - Barclays Surinder Thind - Jefferies James Friedman - Susquehanna Operator Good day and welcome to the Second Quarter 2024 EPAM Systems Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
EPAM Systems' (EPAM) second-quarter 2024 results reflect the negative impacts of a slowdown in IT spending in the ongoing uncertain macroeconomic environment.
Epam (EPAM) came out with quarterly earnings of $2.45 per share, beating the Zacks Consensus Estimate of $2.26 per share. This compares to earnings of $2.64 per share a year ago.
EPAM Systems beat quarterly profit and revenue estimates on Thursday, helped by strong demand for its IT services as businesses are increasingly digitizing their operations.
From a technical perspective, Epam (EPAM) is looking like an interesting pick, as it just reached a key level of support. EPAM recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
Epam (EPAM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
NEW YORK, NY / ACCESSWIRE / July 25, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of EPAM Systems, Inc. ("EPAM") (NYSE:EPAM) concerning possible violations of federal securities laws. On May 8, 2024, Epam updated its guidance for the full year and 2Q that was below expectations.
NEW YORK, NY / ACCESSWIRE / July 24, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of EPAM Systems, Inc. ("EPAM") (NYSE:EPAM) concerning possible violations of federal securities laws. On May 8, 2024, Epam updated its guidance for the full year and 2Q that was below expectations.
NEW YORK, NY / ACCESSWIRE / July 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of EPAM Systems, Inc. ("EPAM") (NYSE:EPAM) concerning possible violations of federal securities laws. On May 8, 2024, Epam updated its guidance for the full year and 2Q that was below expectations.
NEW YORK, NY / ACCESSWIRE / July 19, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of EPAM Systems, Inc. ("EPAM") (NYSE:EPAM) concerning possible violations of federal securities laws. On May 8, 2024, Epam updated its guidance for the full year and 2Q that was below expectations.
NEW YORK, NY / ACCESSWIRE / July 18, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of EPAM Systems, Inc. ("EPAM") (NYSE:EPAM) concerning possible violations of federal securities laws. On May 8, 2024, Epam updated its guidance for the full year and 2Q that was below expectations.
Jefferies sees a slowdown in business IT spending bottoming out soon, which could lift shares of EPAM Systems (EPAM).