EPAM Systems, Inc. Q3 Profit Increases, Beats Estimates

(RTTNews) - EPAM Systems, Inc. (EPAM) revealed a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $136.35 million, or $2.37 per share. This compares with $97.20 million, or $1.65 per share, in last year's third quarter.

Excluding items, EPAM Systems, Inc. reported adjusted earnings of $179.09 million or $3.12 per share for the period.

Analysts on average had expected the company to earn $2.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.4% to $1.168 billion from $1.152 billion last year.

EPAM Systems, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $136.35 Mln. vs. $97.20 Mln. last year. -EPS (Q3): $2.37 vs. $1.65 last year. -Revenue (Q3): $1.168 Bln vs. $1.152 Bln last year.