EPAM: EPAM Systems Instablogs

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Wednesday, May 8, 6:03 PM EPAM Systems (EPAM): Q1 EPS of $0.35 beats by $0.07. Revenue of $124.2M beats by $0.37M. Comment! [Earnings, Breaking News, Tech]
Thursday, February 28, 5:16 AM EPAM Systems (EPAM): Q4 EPS of $0.37 in-line. Revenue of $125.5M beats by $8M. Comment! [Earnings, Breaking News, Tech]
Thursday, November 8, 2012, 5:46 PM EPAM Systems (EPAM): Q3 EPS of $0.37 beats by $0.02. Revenue of $110.1M (+27.4% Y/Y) beats by $2M. (PR) Comment! [Earnings, Tech]
Thursday, August 30, 2012, 2:46 PM With growth flagging, Infosys (INFY) CEO S.D. Shibulal tells CNBC India (video) his company is looking to make big acquisitions, while naming continental Europe and U.S. federal IT as markets his company wants to increase its exposure to. EPAM Systems (EPAM) is a major player in European IT outsourcing. Comment! [Tech, M&A]
Monday, August 6, 2012, 10:19 AM Cognizant (CTSH +12.2%) soars after beating Q2 EPS estimates. The IT outsourcing firm expects Q3 revenue of at least $1.875B and EPS of $0.92 vs. a consensus of $1.88B and $0.86. Full-year guidance is for revenue of at least $7.34B and EPS of at least $3.38 vs. a consensus of $7.34B and $3.37. Cognizant's strong performance in North America (+24% Y/Y in Q2) is offsetting slower European growth (+6%). Up in sympathy: INFY +2.1%. WIT +1.5%. ACN +1.6%. EPAM +3.1%. Comment! [Tech, Earnings, On the Move]
Friday, August 3, 2012, 6:46 AM EPAM Systems (EPAM): Q2 EPS of $0.37 beats by $0.06. Revenue of $103.8M (+29.4% Y/Y). (PR) Comment! [Earnings, Tech]
Friday, July 6, 2012, 6:04 PM Bloomberg's Cory Johnson names some tech companies with heavy European sales exposure. Vasco Data Systems (VDSI -5.3%) comes in at 66%, Qlik Technologies (QLIK -11.6%) at 59%, EPAM Systems (EPAM -5.1%) at 46%, and Demandware (DWRE -4.4%) at 44%. Informatica (INFA -27.6%) blamed Europe in large part for its giant Q2 warning, though many think other issues are also at play. 4 Comments [Tech, Quick Ideas]
Tuesday, May 8, 2012, 1:37 PM EPAM Systems (EPAM -9.7%) slumps following its Q1 report. Though results beat estimates and Q2 guidance is solid (revenue of $100M-$102M and EPS of $0.30-$0.32 vs. consensus of $99.7M and $0.30), the Eastern European outsourcing firm's in-line 2012 guidance (revenue of $411M-$418M vs. $415.7M) might be disappointing some following a raft of bullish commentary in the wake of the company's February IPO Comment! [Tech, Earnings, On the Move]
Tuesday, May 8, 2012, 6:50 AM EPAM Systems (EPAM): Q1 EPS of $0.31 beats by $0.02. Revenue of $94.4M (+30% Y/Y) beats by $1.2M. (PR) Comment! [Earnings, Tech]
Tuesday, March 27, 2012, 1:41 PM Eastern European outsourcing firm EPAM Systems (EPAM +12.8%) skyrockets after reporting Q4 revenue of $95.1M (+34% Y/Y) and EPS of $0.30, beating consensus by $5.8M and $0.02. EPAM is also guiding for Q1 revenue of $92M-$94M and EPS of $0.28-$0.30 (consensus is for $91.6M and $0.22), and 2012 revenue of $411M-$418M (consensus is for $408.6M). EPAM went public last month, and received favorable coverage last week. Comment! [Tech, Earnings, On the Move]
Monday, March 19, 2012, 1:37 PM EPAM Systems (EPAM +5.7%) surges after Barclays and UBS start coverage with bullish ratings. Barclays likes EPAM's growth potential as an Eastern European IT outsourcing provider, and expects its differentiated offerings to drive share gains. EPAM's reliance on referrals to drive growth (as compared with direct sales) is seen as proof of the quality of its software development services. (previously) Comment! [Tech, Quick Ideas, On the Move]
Wednesday, February 8, 2012, 10:31 AM IT outsourcing firm EPAM Systems (EPAM) is changing hands at $14.55 on its first day of trading, up 21% from an IPO price of $12. EPAM, which relies on Eastern European development centers for its work, posted revenue of $239.4M (+59% Y/Y) over the first 9 months of 2011, and net income of $32M. (S-1 filing) Comment! [Tech, On the Move]

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