Epam Reports Solid Q4 Results, Beats Wall Street Expectations

Epam Systems Inc. (EPAM) announced strong fourth-quarter results, surpassing analysts' forecasts.

Key Financial Highlights:

* Revenue: $1.25 billion (beat estimates of $1.21 billion)
* Net income: $103.3 million
* Earnings per share: $1.80
* Adjusted earnings per share: $2.84 (beat estimates of $2.75)

Full-Year Performance:

* Revenue: $4.73 billion
* Net income: $454.5 million
* Earnings per share: $7.84

Outlook:

For the current quarter ending in March, Epam projects:

* Per-share earnings: $2.22 - $2.32

For the full year, the company expects:

* Earnings per share: $10.45 - $10.75

These positive results reflect Epam's continued growth in the IT services market and its ability to deliver value to its clients.