Olga Ivanova
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Olga Ivanova in Apex Traiders,

EPAM Systems: Software that makes business sense

EPAM Systems, Inc. provides software engineering solutions and technology services worldwide. These business solutions cover the spheres of banking and finance, commerce and travel, media and entertainment, software and hi-tech, healthcare and life sciences. New methods in organizing team work and philosophy called the EPAM Product Development Mindset help a company to make a high-quality software. Nowadays the company offers software product development services, including product research, customer experience design and prototyping, program management, component design and integration, full lifecycle software testing, product deployment and end-user customization, performance tuning, product support and maintenance, and managed services, as well as porting and cross-platform migration.

The price per share shows a stable growth in the latest 5 days which means that we advise to buy company’s shares now. Good situation in the marketand positive financial results in the third quarter of 2015 will be the reasons of future growth of price per share and EPS.

Source: Google Finance

Touching upon the financials of the third quarter of 2015, revenues increased to $236 million, up 22.5% over the same period last year and up 8.4% over the previous quarter. In constant currency, revenue grew 30.8% year over year and grew 10.8% from the second quarter of 2015. Income from operations was $27.8 million, an increase of 27.2% compared to $21.8 million in the third quarter of 2014. Non-GAAP income from operations was $41.5 million, an increase of $9.7 million or 30.5%, from $31.8 million in the third quarter of 2014. Non-GAAP quarterly diluted earnings per share (EPS) was $0.70, up 16.7% from $0.60 in the third quarter of 2014. Quarterly diluted EPS on a GAAP basis was $0.44, up from $0.38 in the third quarter of 2014.

According to the company’s report, cash from operations of $55.5 million in the third quarter of 2015 and $64.6 million on a year to date basis. At September 30, 2015, cash and cash equivalents were $214 million.

The analysts predict year-over-year revenue growth to be at least 30% in constant currency or $900 million in GAAP reported revenue. Non-GAAP net income growth for 2015 is expected to be at least 25% year-over-year. Full year 2015 non-GAAP diluted EPS is expected to be at least $2.65 based on the weighted average share count of approximately 52 million diluted shares outstanding. GAAP diluted EPS is expected to be at least $1.55.