What's Going On With EPAM Systems Stock Friday?
What's Going On With EPAM Systems Stock Friday?
EPAM Systems, Inc. shares are trading higher in the premarket session on Friday after ending yesterday's session with a whopping 27% slump.
EPAM Systems, Inc.股价在周五盘前交易时段上涨，此前交易时段以高达27％的跌幅收盘。
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，在公布24财年第一季度业绩时，该公司的销售额同比下降3.8％，至11.65亿美元，略高于分析师共识估计的11.61亿美元。
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."
该公司在一份交易所文件中表示：“由于客户采取行动减少信息技术服务支出，对我们服务的需求不均衡，我们的业务和经营业绩在2024年前三个月受到负面影响。”
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，该公司完成了两项收购，总收购价为5,370万美元，其中包括或有对价，收购日公允价值为730万美元。
These acquisitions expanded the company's geographical reach across Latin America and Europe, as well as added $16.6 million of intangible assets.
这些收购扩大了公司在拉丁美洲和欧洲的地域覆盖范围，并增加了1,660万美元的无形资产。
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.
根据股票回购计划，该公司在2024年第一季度以1.206亿美元的价格回购了39.6万股普通股。
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.
运营收入占收入的百分比从去年同期的9.9％下降至9.5％，这主要是由于薪酬成本的增加，包括股票薪酬支出占收入的百分比。
Non-GAAP income from operations declined by 2.6% compared to the first quarter of 2023, indicating operational challenges.
与2023年第一季度相比，非公认会计准则运营收入下降了2.6％，这表明了运营挑战。
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，现金及等价物总额为19.90亿美元，较12月底的20.43亿美元下降了2.6％。该公司的长期债务总额为25787万美元。
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将其24财年的收入展望下调至45.75亿美元至46.75亿美元（从47.4亿美元至48.8亿美元）。此外，该公司将24财年调整后的每股收益展望从之前的10.00美元上调至10.00美元至10.30美元（从之前的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.
尽管进行了战略收购和股票回购，但运营收入减少，加上经收入调整后的24财年每股收益前景下调，加剧了市场担忧，凸显了公司目前在应对需求波动和成本压力方面面临的障碍。
Price Action: EPAM shares are trading higher by 0.61% to $183.04 premarket at last check Friday.
价格走势：周五最后一次盘前检查时，EPAM股价上涨0.61％，至183.04美元。