NEWTOWN, Pa. (AP) _ Epam Systems Inc. (EPAM) on Thursday reported fourth-quarter net income of $74.5 million.

The Newtown, Pennsylvania-based company said it had net income of $1.29 per share. Earnings, adjusted for one-time gains and costs, were $1.51 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.

The information technology services provider posted revenue of $632.8 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $617.8 million.

For the year, the company reported profit of $261.1 million, or $4.53 per share. Revenue was reported as $2.29 billion.

For the current quarter ending in April, Epam expects its per-share earnings to be $1.36.

The company expects full-year earnings to be $6.30 per share.

Epam shares have risen 13% since the beginning of the year. The stock has climbed 54% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EPAM at https://www.zacks.com/ap/EPAM

Automated Insights, source Associated Press News