EPAM Systems, Inc. provided earnings guidance for the second quarter and full year of 2024. The Company expects revenues to now be in the range of $4.575 billion to $4.675 billion for the full year reflecting a year-over-year decline of 1.4% at the midpoint of the range. For the full year, EPAM expects GAAP income from operations to now be in the range of 10.0% to 10.5% of revenues. The company expects GAAP diluted EPS to now be in the range of $7.34 to $7.64.

The Company expects revenues will be in the range of $1.135 billion to $1.145 billion for the second quarter reflecting a year-over-year decline of 2.6% at the midpoint of the range. For the second quarter, EPAM expects GAAP income from operations to be in the range of 9.0% to 10.0% of revenues. The company expects GAAP diluted EPS will be in the range of $1.52 to $1.60 for the quarter.