EPAM Systems Inc (EPAM) Releases Earnings Results, Reports EPS of $0.72 EPS

EPAM Systems Inc (EPAM) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.72 EPS for the quarter. Analysts had a consensus estimate of $0.72. The company posted revenue of $264.50 million in the period, compared to analysts expectations of $258.67 million. The company’s revenue was up 32.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.61 EPS.

Many Wall Street Analysts have commented on EPAM Systems Inc. EPAM Systems Inc was Initiated by Berenberg to “Buy” on Apr 15, 2016. EPAM Systems Inc was Initiated by Cantor Fitzgerald to “Buy” on Apr 13, 2016. Shares were Reiterated by Barclays on Feb 10, 2016 to “Equal Weight” and Lowered the Price Target to $ 74 from a previous price target of $77 .

EPAM Systems Inc closed down -0.76 points or -1.06% at $70.87 with 6,94,005 shares getting traded on Wednesday. Post opening the session at $71.06, the shares hit an intraday low of $70.1 and an intraday high of $71.58 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Apr 5, 2016, Balazs Fejes (SVP/Co-Head of Global Business) sold 10,000 shares at $75.00 per share price. According to the SEC, on Mar 16, 2016, Richard Michael Mayoras (director) sold 1,410 shares at $70.56 per share price. On Nov 3, 2015, Anthony J Conte (Senior Vice President and CFO) sold 2,500 shares at $77.95 per share price, according to the Form-4 filing with the securities and exchange commission.

EPAM Systems Inc. (EPAM) is a provider of software engineering solutions and information technology (IT) services. The Company’s service offerings include Software Product Development Services Custom Application Development Services Application Testing Services Enterprise Application Platforms Application Maintenance and Support and Infrastructure Management Services. EPAM provides Software Product Development Services to independent software vendors (ISVs) and technology companies. The Company offers Custom Application Development Services to businesses with application development needs. EPAM offers Application Testing Services for technology platforms and industries. The Company’s Enterprise Application Platforms develops technology and business application platforms and components. EPAM offers Application Maintenance and Support services through a team of IT professionals. The Company’s Infrastructure Management Services covers the lifecycle of infrastructure management.

EPAM Systems Inc

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