EPAM(EPAM) - 2024 Q2 - Quarterly Results

Exhibit 99.1 EPAM Reports Results for Second Quarter 2024 and Updates Full Year Outlook • Second quarter revenues of $1.147 billion, down 2.0% year-over-year • GAAP income from operations was 10.5% of revenues and non-GAAP income from operations was 15.2% of revenues for the second quarter • Second quarter GAAP diluted EPS of $1.70, a decrease of $0.33, and non-GAAP diluted EPS of $2.45, a decrease of $0.19 on a year-over-year basis • For the full year, EPAM narrows expected range for revenues to $4.590 bi ...