06:30 AM EDT, 08/08/2024 (MT Newswires) -- EPAM Systems ( EPAM ) reported Q2 adjusted earnings Thursday of $2.45 per diluted share, down from $2.64 a year earlier.

Analysts polled by Capital IQ expected $2.26.

Revenue for the quarter ended June 30 was $1.15 billion, down from $1.17 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.14 billion.

The company said it expects Q3 adjusted diluted EPS to be in the range of $2.65 to $2.73 on revenue of $1.15 billion to $1.16 billion. Analysts polled by Capital IQ expect adjusted diluted EPS of $2.69 on revenue of $1.16 billion.

The company raised its 2024 adjusted diluted earnings forecast to $10.20 to $10.40 from $10 to $10.30. Analysts surveyed by Capital IQ expect $10.10. It, however, narrowed its revenue guidance for the year to $4.59 billion to $4.63 billion from $4.58 billion to $4.68 billion. Analysts polled by Capital IQ expect $4.62 billion.

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