EPAM Systems, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
February 17, 2022 at 06:07 am EST
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EPAM Systems, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was USD 1,107.46 million compared to USD 723.49 million a year ago. Net income was USD 142.28 million compared to USD 85.54 million a year ago. Basic earnings per share from continuing operations was USD 2.51 compared to USD 1.53 a year ago. Diluted earnings per share from continuing operations was USD 2.4 compared to USD 1.46 a year ago.
For the full year, sales was USD 3,758.14 million compared to USD 2,659.48 million a year ago. Net income was USD 481.65 million compared to USD 327.16 million a year ago. Basic earnings per share from continuing operations was USD 8.52 compared to USD 5.87 a year ago. Diluted earnings per share from continuing operations was USD 8.15 compared to USD 5.6 a year ago.
EPAM Systems, Inc. specializes in the development and marketing of advanced digital solutions for companies and organizations. The group offers software engineering services, development and management of digital platforms, maintenance and optimization of IT infrastructures, consulting to companies, etc. Net sales break down by activity area as follows:
- travel, transport and retail (22.9%);
- financial services (21.7%);
- information services and media (16.1%);
- software and technology (15.1%);
- life sciences and health (10.4%);
- other (13.8%).
Net sales are distributed geographically as follows: the United States (56.2%), the United Kingdom (12.5%), Switzerland (7.8%), the Netherlands (5%), Germany (3.8%), Canada (2.1%), Russia (0.3%), and other (12.3%).
EPAM SYSTEMS, INC. 
