Reported 2 months ago
EPAM Systems has surpassed quarterly profit and revenue expectations, driven by robust demand for its IT services as businesses increasingly adopt digital solutions and AI applications. The company reported second-quarter revenues of $1.15 billion, higher than the forecast of $1.14 billion, and an adjusted profit of $2.45 per share, beating analysts' estimates. Despite a slight reduction in its annual revenue outlook, EPAM's positive results reflect a recovering demand for IT services and growing global IT spending, projected to rise by 8% in 2024.
Source: YAHOO