EPAM Systems (EPAM) 8-K EPAM Reports Results for Second Quarter 2023 and Updates Full Year Outlook

EPAM Reports Results Q 2 2 0 2 3 -7% -3% O U T L O O K Q 3 2 0 2 3 O U T L O O K F Y 2 0 2 3Q 2 R E V E N U E S YoY (reported) YoY (constant currency) $1.170B -2.1% -2.4% YoY (midpoint of the range) YoY (midpoint of the range) $1.140B-$1.150B $4.650B-$4.700B Revenues in the range of Revenues in the range of 55,600+ 49,350+ 50+ E M P L O Y E E S & L O C A T I O N S Total EPAMers Designers, Engineers & Consultants Countries & Regions $2.64534.4%** 10.9%$2.03 D I L U T E D E A R N I N G S P E R S H A R E G A A P E P S N O N-G A A P E P SYoY YoY R E V E N U E S B Y I N D U S T R Y V E R T I C A L YoY YoY -1.0% Travel & Consumer Financial Services Business Information & Media $274M 3.2%$259M $190M YoY -4.1% YoY YoY -10.3% Software & Hi-Tech Life Sciences & Healthcare Emerging $175M -10.9%$114M $158M YoY 8.6% R E V E N U E S B Y G E O G R A P H Y YoY YoY YoY YoY $679M $459M $24M $8M -5.9% 8.5% -19.7% -61.1% Americas EMEA APAC CEE* * Growth rate impacted by the Company’s decision to exit its Russian Operations. ** GAAP EPS results were largely driven by the adverse financial impact of Russia’s invasion of Ukraine on the second quarter of 2022. Refer to EPAM’s 2nd Quarter Earnings Release for additional information and reconciliation of GAAP Diluted EPS to Non-GAAP Diluted EPS. Exhibit 99.2