EPAM Techniques, Inc. (NYSE: EPAM), a number one digital transformation and product engineering firm, on Thursday reported a rise in income and adjusted earnings for the fourth quarter of 2024.
- Revenues elevated 7.9% year-over-year to $1.25 billion within the fourth quarter. On an natural fixed forex foundation, revenues grew 1% in comparison with This fall 2023
- Internet earnings from operations was $136.5 million within the December quarter, a rise of 11.4% from final yr
- This fall adjusted earnings from operations grew 4% yearly to $208.2 million
- On a per-share foundation, reported earnings moved up 8.4% year-over-year to $1.80 throughout the three months
- Adjusted earnings per share had been $2.84, a rise of three.3% in comparison with the fourth quarter of 2023
- In the course of the quarter, EPAM accomplished the acquisition of NEORIS, making a aggressive providing for shoppers throughout Latin America and in Spanish- and Portuguese-speaking international locations
- For fiscal 2025, the corporate expects year-over-year income progress within the vary of 10.0% to 14.0%
