What's Going On With EPAM Systems Stock Friday?
What's Going On With EPAM Systems Stock Friday?
EPAM Systems, Inc. (NYSE:EPAM) shares are trading higher in the premarket session on Friday after ending yesterday's session with a whopping 27% slump.
EPAM Systems, Inc.（紐約證券交易所代碼：EPAM）股價在週五盤前交易時段上漲，此前交易時段以高達27％的跌幅收盤。
Yesterday, while reporting the first-quarter FY24 results, the company's sales declined 3.8% year over year to $1.165 billion, marginally beating the analyst consensus estimate of $1.161 billion.
昨天，在公佈24財年第一季度業績時，該公司的銷售額同比下降3.8％，至11.65億美元，略高於分析師共識估計的11.61億美元。
In an exchange filing, the company said: "Our business and operating results were negatively impacted in the first three months of 2024 by uneven demand for our services as our clients took action to reduce their spending on information technology services."
該公司在一份交易所文件中表示：“由於客戶採取行動減少信息技術服務支出，對我們服務的需求不均衡，我們的業務和經營業績在2024年前三個月受到負面影響。”
During the quarter, the company completed two acquisitions with a total purchase price of $53.7 million, including contingent consideration with an acquisition-date fair value of $7.3 million.
在本季度，該公司完成了兩項收購，總收購價爲5,370萬美元，其中包括或有對價，收購日公允價值爲730萬美元。
These acquisitions expanded the company's geographical reach across Latin America and Europe, as well as added $16.6 million of intangible assets.
這些收購擴大了公司在拉丁美洲和歐洲的地域覆蓋範圍，並增加了1,660萬美元的無形資產。
The company repurchased 396 thousand shares of its common stock for $120.6 million during the first quarter of 2024 under its share repurchase program.
根據股票回購計劃，該公司在2024年第一季度以1.206億美元的價格回購了39.6萬股普通股。
Income from operations as a percentage of revenues decreased to 9.5% from 9.9% in the year-ago period, largely driven by an increase in compensation costs, including stock-based compensation expense as a percentage of revenues.
運營收入佔收入的百分比從去年同期的9.9％下降至9.5％，這主要是由於薪酬成本的增加，包括股票薪酬支出佔收入的百分比。
Non-GAAP income from operations declined by 2.6% compared to the first quarter of 2023, indicating operational challenges.
與2023年第一季度相比，非公認會計准則運營收入下降了2.6％，這表明了運營挑戰。
Cash and equivalents totaled $1.990 billion as of March-end, a decrease of 2.6% from $2.043 billion as of December-end. The company's long-term debt totaled $25.787 million.
截至3月底，現金及等價物總額爲19.90億美元，較12月底的20.43億美元下降了2.6％。該公司的長期債務總額爲25787萬美元。
EPAM Systems lowered its FY24 revenue outlook to $4.575 billion-$4.675 billion (from $4.74 billion – $4.88 billion). Also, the company revised the FY24 outlook for adjusted EPS to $10.00-$10.30 (from $10.00-$10.40 earlier).
EPAM Systems將其24財年的收入展望下調至45.75億美元至46.75億美元（從47.4億美元至48.8億美元）。此外，該公司將24財年調整後的每股收益展望從之前的10.00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）。
Despite strategic acquisitions and share repurchases, decreased income from operations, coupled with a lowered revenue-adjusted EPS outlook for FY24, contributed to market concerns, underscoring the company's current hurdles in navigating demand fluctuations and cost pressures.
儘管進行了戰略收購和股票回購，但運營收入減少，加上經收入調整後的24財年每股收益前景下調，加劇了市場擔憂，凸顯了公司目前在應對需求波動和成本壓力方面面臨的障礙。
Price Action: EPAM shares are trading higher by 0.61% to $183.04 premarket at last check Friday.
價格走勢：週五最後一次盤前檢查時，EPAM股價上漲0.61％，至183.04美元。
譯文內容由第三人軟體翻譯。