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EPAM Systems, Inc. (EPAM) CEO Arkadiy Dobkin on Q1 2021 Results - Earnings Call Transcript

May 06, 2021 2:50 PM ETEPAM Systems, Inc. (EPAM)
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EPAM Systems, Inc. (NYSE:EPAM) Q1 2021 Earnings Conference Call May 6, 2021 8:00 AM ET

Company Participants

David Straube - Head of Investor Relations

Arkadiy Dobkin - President and Chief Executive Officer

Jason Peterson - Chief Financial Officer

Conference Call Participants

Bryan Bergin - Cowen

Maggie Nolan - William Blair

James Faucette - Morgan Stanley

Ashwin Shivaikar - Citi

Jamie Friedman - SIG

Vladimir Bespalov - VTB Capital

David Grossman - Stifel

Jack Nichols - KeyBanc Capital Markets

Arvind Ramnani - Piper Sandler


Thank you for standing by and welcome to the EPAM Systems First Quarter Of 2021 Earnings Conference Call. [Operator instructions] Please be advised that today's call is being recorded. [Operator instructions] I would now like to hand the call over to David Straube, head of investor relations. Please go ahead.

Arkadiy Dobkin

Thank you, David. Good morning, everyone, and thank you for joining us today. I will begin my summary of the quarter. I want to acknowledge that the past months has been a stark reminder that we are still with a deadly and very major global pandemic and that we must continue to be united in our efforts against COVID.

As we have done over the last year, we will do everything possible to support our people on the ground and the communities in which they live and work. Now, turning to our results, for the first quarter, we delivered APM of $781 million in revenues, reflecting growth of 20% year over year with a reported 18% in constant currencies. Non-GAAP earnings per share of $1.81, a 27% increase over the same quarter in 2020. Both revenue growth, combined with a greater level of profitability enabled us to continue to invest in -- at higher levels across the business.

Since we last talked mid-February, we have

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