EPAM Systems Faces Rough Waters Ahead; Stock Tanks
EPAM Systems Faces Rough Waters Ahead; Stock Tanks
EPAM Systems, Inc. (NYSE:EPAM) shares are diving after the company reported first-quarter FY24 results.
EPAM Systems, Inc.（紐約證券交易所代碼：EPAM）公佈了24財年第一季度業績後，股價正在跳水。
Sales declined 3.8% Y/Y to $1.165 billion, marginally beating the analyst consensus estimate of $1.161 billion.
銷售額同比下降3.8％，至11.65億美元，略高於分析師共識估計的11.61億美元。
On an organic constant currency basis, excluding the impact of the exit from Russia, revenues were down 4.8% Y/Y.
按有機固定貨幣計算，不包括退出俄羅斯的影響，收入同比下降4.8％。
Adjusted income from operations was $173.6 million, down 2.6% Y/Y. The adjusted operating margin expanded 20 bps to 14.9%.
調整後的運營收入爲1.736億美元，同比下降2.6％。調整後的營業利潤率擴大了20個點子至14.9％。
Adjusted EPS of $2.46, down 0.4% Y/Y, beat the consensus of $2.31.
調整後的每股收益爲2.46美元，同比下降0.4％，超過了市場預期的2.31美元。
Operating cash flow stood at $129.9 million in the quarter. EPAM held $1.99 billion in cash and equivalents as of March-end.
本季度的運營現金流爲1.299億美元。截至3月底，EPAM持有19.9億美元的現金及等價物。
Arkadiy Dobkin, CEO, said, "Our solid performance in the first quarter of 2024 reflects our level of adaptability to a challenging demand environment, which we now believe is unlikely to improve this year to the degree we expected one quarter ago."
首席執行官阿爾卡迪·多布金表示：“我們在2024年第一季度的穩健表現反映了我們對充滿挑戰的需求環境的適應水平，我們現在認爲今年這種適應能力不太可能達到我們一季度前預期的程度。”
Outlook: For the second quarter, EPAM expects revenues of $1.135 billion-$1.145 billion, below the consensus of $1.18 billion, and an adjusted EPS of $2.21-$2.29 versus an estimated $2.44.
展望：EPAM預計第二季度收入爲11.35億美元至11.45億美元，低於市場普遍預期的11.8億美元，調整後的每股收益爲2.21-2.29美元，而估計爲2.44美元。
EPAM Systems lowered its FY24 revenue outlook to $4.575 billion-$4.675 billion (from $4.74 billion – $4.88 billion) vs. consensus of $4.81 billion.
EPAM Systems將其24財年的收入前景下調至45.75億美元至46.75億美元（從47.4億美元至48.8億美元），而市場預期爲48.1億美元。
Also, the company revised the FY24 outlook for adjusted EPS to $10.00-$10.30 (from $10.00-$10.40 earlier) vs the $10.18 estimate.
此外，該公司將24財年調整後每股收益展望從10.18美元上調至10.00美元至10.30美元（從之前的10.00美元至10.40美元）。
Investors can gain exposure to the stock via Vesper US Large Cap Short-Term Reversal Strategy ETF (NYSE:UTRN).
投資者可以通過Vesper美國大型股短期反轉策略ETF（紐約證券交易所代碼：UTRN）獲得股票敞口。
Price Action: EPAM shares are up 21.8% at $195.00 at the last check Thursday.
價格走勢：在週四的最後一次檢查中，EPAM股價上漲21.8％，至195.00美元。
Photo via Shutterstock
照片來自 Shutterstock
譯文內容由第三人軟體翻譯。