EPAM Systems, Inc


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EPAM Systems, Inc. delivered an all-around beat in the previous quarter. They reported a revenue of over $1.15 billion. The exit from the Russian market resulted in an approximate 50 basis point negative impact on year-over-year revenue growth. Excluding Russia, revenues would have declined by 5.6% and 7.6% in reported and constant currency terms, respectively. Across industry verticals, financial services saw a 3.3% decrease, driven by declines in banking, offset partially by asset management growth. Consumer goods decreased by 6.2%, primarily due to declines in this sector, counterbalanced by growth in travel and hospitality. Life sciences & health care declined by 4.2%. Business Information & media declined by 12%, mainly due to reduced spending in the mortgage data space. Software and Hi-Tech contracted by 15.1%, influenced by the reduction in revenue from a former top 20 customer and slower growth across various customers. Emerging verticals also showed solid growth. The company further established a Strategic Collaboration Agreement with AWS to assist firms in addressing intricate business obstacles, fostering expansion, and facilitating innovative practices through state-of-the-art cloud solutions, services and strategies.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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