NEWTOWN, Pa. (AP) _ Epam Systems Inc. (EPAM) on Thursday reported second-quarter earnings of $114.7 million.

The Newtown, Pennsylvania-based company said it had profit of $1.94 per share. Earnings, adjusted for one-time gains and costs, were $2.05 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.

The information technology services provider posted revenue of $881.4 million in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $862.4 million.

Epam expects full-year earnings in the range of $8.25 to $8.44 per share.

Epam shares have risen 59% since the beginning of the year. The stock has increased 95% 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

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