EPAM Q4 2022 Earnings Report
Investment Highlights
01
MARKET
POSITIONING
02
STRONG REVENUE
GROWTH & VISIBILITY
03
STABLE
PROFITABILITY
04
STRONG CASH FLOW
& BALANCE SHEET
Well positioned in a large
$700B+ market
62 of EPAM's top 100 clients are in
the Fortune 500 or Forbes Global
2000
Diversified client portfolio
across 11 key industries
Loyal client base with an
average of 10 years among
our top 20 clients
Industry leading 3- and 5-Year
revenue CAGR of 28% and 27%,
respectively
80% revenue visibility throughout
the full year
95% recurring revenues from
clients greater than one year
Over 85% of revenues
are time & material
Stable operating margins
supporting superior earnings
growth
Proven ability to grow and sustain
strong profitability with 3- and
5-Year Non-GAAP Diluted EPS CAGR
of 26% for both periods
Consistent levels of profitability
allowing for continuous investment
to support top-line growth
$464M of cash flow from
operations for the last
12 months8
$1.7B cash balance with
nominal debt8
Capital allocation strategy focused
on acquisitions to enhance or add
capabilities, in addition, share
repurchases to offset dilution from
employee equity programs
$675M line of credit available
in U.S.8
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