EPAM Systems Exceeds Expectations in Q2

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EPAM Systems ($NYSE:EPAM), a leading provider of digital platform engineering and software development services, announced today that it had exceeded expectations in its second quarter results. The company attributed the strong results to continued demand for its services across all major geographies and verticals. This is great news for EPAM shareholders, as the company continues to execute well against its growth strategy. While there may be some volatility in the stock price in the short-term due to the quarterly results, we believe that the long-term prospects for the company remain very strong.

Market Reaction

EPAM Systems stock opened at $395.2 on Thursday and closed at $415.4, exceeding expectations by 12.3%. The company’s strong performance in the second quarter was driven by continued growth in its core businesses and solid execution across all geographies. EPAM remains well-positioned for long-term growth and is confident in its ability to deliver sustained shareholder value.

VI Analysis

Company’s fundamentals reflect its long term potential: EPAM SYSTEMS is strong in asset, profitability, growth, and weak in dividend according to VI app’s Star Chart. EPAM SYSTEMS has a high health score of 8/10 considering its cashflows and debt, is capable to pay off debt and fund future operations. EPAM SYSTEMS is classified as ‘gorilla’, a type of company that achieved stable and high revenue or earning growth due to its strong competitive advantage. At the right price, it is suitable for those who want to invest for high capital gains. High growth companies are deemed more risky as they attempt to grow faster.

Summary

EPAM Systems, Inc. ($NYSE:EPAM) reported strong second quarter results that beat expectations on both the top and bottom lines. The stock price reacted positively to the news, rising 12.3% in the trading day following the release. Investors are clearly bullish on EPAM’s growth prospects, and with good reason. The company is a leading provider of digital platform engineering and software development services, and is well-positioned to benefit from the continued growth of the digital economy. Overall, EPAM is a high-quality growth stock that is well-positioned to continue outperforming the market in the years ahead.