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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 1.17B | 1.7% |
| Gross Profit | 403M | 19.5% |
| Cost of Revenue | 764M | 5.8% |
| Operating expense | 227M | 5.3% |
| Net Income | 136M | 38.2% |
| EBITDA | 197M | 38.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 4.46B | 5.5% |
| Total Liabilities | 903M | 9.4% |
| Total Equity | 3.55B | 4.6% |
| Shares Outstanding | 57M | 0.4% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 242M | 324.3% |
| Cash from investing | 35M | 252% |
| Cash from financing | -54M | 76.3% |
EPS
Financial Highlights for EPAM Systems in Q3 '24
EPAM Systems reported a revenue of 1.17B, which is a 1.7% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 403M, marking a 19.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 764M, a -5.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 227M, showing a 5.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 136M, showing a 38.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 197M, showing a 38.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for EPAM Systems with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
