EPAM Systems (EPAM) Q2 Earnings and Revenues Beat Estimates

EPAM Systems, Inc. (EPAM) reported better-than-expected second-quarter 2024 results. Its second-quarter non-GAAP earnings of $2.45 per share beat the Zacks Consensus Estimate of$2.26. However, the figure came 7.2% lower than the year-ago quarter's earnings of $2.64 per share, primarily due to lower revenues and higher taxes, partially offset by its cost-saving initiatives, which include workforce rebalancing efforts. Second-quarter revenues of$1.147 billion were slightly above the Zacks Consensus Estimate ...