NEWTOWN, Pa. (AP) _ Epam Systems Inc. (EPAM) on Thursday reported second-quarter net income of $18.6 million.

The Newtown, Pennsylvania-based company said it had net income of 32 cents per share. Earnings, adjusted for one-time gains and costs, came to $2.38 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.

The information technology services provider posted revenue of $1.19 billion in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $1.14 billion.

For the current quarter ending in October, Epam expects its per-share earnings to be $2.48.

The company said it expects revenue in the range of $1.21 billion for the fiscal third quarter.

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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