NEWTOWN, Pa. (AP) 鈥� NEWTOWN, Pa. (AP) 鈥� Epam Systems Inc. (EPAM) on Thursday reported second-quarter net income of $103 million.
On a per-share basis, the Newtown, Pennsylvania-based company said it had profit of $1.97. Earnings, adjusted for one-time gains and costs, were $3.38 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $3.14 per share.
The information technology services provider posted revenue of $1.41 billion in the period, meeting Street forecasts.
For the current quarter ending in September, Epam expects its per-share earnings to range from $3.38 to $3.46.
The company said it expects revenue in the range of $1.41 billion to $1.43 billion for the fiscal third quarter.
Epam expects full-year earnings in the range of $13.08 to $13.24 per share.
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