Epam Systems, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 05, 2021 at 06:12 am EDT
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EPAM Systems, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 881.366 million compared to USD 632.383 million a year ago. Operating income was USD 125.274 million compared to USD 83.426 million a year ago. Net income was USD 114.671 million compared to USD 66.624 million a year ago. Basic earnings per share from continuing operations was USD 2.03 compared to USD 1.2 a year ago. Diluted earnings per share from continuing operations was USD 1.94 compared to USD 1.14 a year ago. For the half year, sales was USD 1,662.141 million compared to USD 1,283.742 million a year ago. Operating income was USD 232.525 million compared to USD 170.935 million a year ago. Net income was USD 223.717 million compared to USD 152.189 million a year ago. Basic earnings per share from continuing operations was USD 3.97 compared to USD 2.74 a year ago. Diluted earnings per share from continuing operations was USD 3.8 compared to USD 2.62 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. 
