EPAM Systems Addresses Q1 2024 Earnings Amidst Market Challenges
Thursday, 9 May 2024, 16:00
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
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