EPAM Systems Addresses Q1 2024 Earnings Amidst Market Challenges

Thursday, 9 May 2024, 16:00

EPAM Systems reports on the challenging demand environment and global volatility impacting revenue growth. The company faces delays in project execution, pricing pressure, and geographic shifts in delivery, leading to lower bill rates. Management emphasizes a more conservative outlook and strategic investments in India and Latin America despite ongoing uncertainties.
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EPAM Systems Addresses Q1 2024 Earnings Amidst Market Challenges

EPAM Systems Q1 2024 Earnings Call Overview:

EPAM Systems addresses the impact of a challenging demand environment on revenue growth, facing delays in project execution and pricing pressure. Delivery capabilities are shifting geographically, leading to lower bill rates. Management adopts a more conservative outlook and focuses on strategic investments in India and Latin America.

Key Takeaways:

  • Challenging demand environment and global volatility impacting revenue growth
  • Delays in project execution and pricing pressure affecting bill rates
  • Shifts in delivery to lower-cost geographies contributing to revenue headwinds
  • Conservative outlook and strategic investments in India and Latin America

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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