Epam Systems sees Q3 EPS $2.98-$3.06, consensus $2.89

Sees Q3 revenue $1.37B-$1.38B, consensus $1.36B. The company said, “The Company expects revenues will be in the range of $1.365 billion to $1.380 billion for the third quarter reflecting year-over-year growth of 17.6% at the midpoint of the range. The Company expects the year-over-year revenue growth rate on an organic constant currency basis to be 6.2% at the midpoint of the range; For the third quarter, EPAM expects GAAP income from operations to be in the range of 10.0% to 11.0% of revenues and non-GAAP income from operations to be in the range of 15.5% to 16.5% of revenues; The Company expects its GAAP effective tax rate to be approximately 25.0% and its non-GAAP effective tax rate to be approximately 24.0%; and EPAM expects GAAP diluted EPS will be in the range of $1.89 to $1.97 for the quarter, and non-GAAP diluted EPS will be in the range of $2.98 to $3.06 for the quarter. The Company expects weighted average diluted shares outstanding for the quarter to be 55.9 million.”