Epam Systems revenue grew 25% in the first quarter of 2015
American software developer EPAM Systems increased its revenue in the first quarter of 2015 by 24.7% compared to the same period in 2014, but the company's shares declined by 1.8% following the results of the trade on May 7, according to Vedomosti .
On May 7, EPAM Systems released a report for the first quarter of 2015. The company's revenue exceeded the forecast of 23%, but the shares after the opening of trading on the NYSE began to fall.
In 2015, the company's shares rose by 40%. Atona analyst Ilya Kupreev says that the growth of stocks could be based on market expectations: the company must benefit from the devaluation of the currencies of Russia and Ukraine , where EPAM Systems has a staff of programmers. An analyst at VTB Capital, Vladimir Bespalov, explained that the market expected an increase in revenue substantially more than planned.
On May 7, EPAM Systems released a report for the first quarter of 2015. The company's revenue exceeded the forecast of 23%, but the shares after the opening of trading on the NYSE began to fall.
In 2015, the company's shares rose by 40%. Atona analyst Ilya Kupreev says that the growth of stocks could be based on market expectations: the company must benefit from the devaluation of the currencies of Russia and Ukraine , where EPAM Systems has a staff of programmers. An analyst at VTB Capital, Vladimir Bespalov, explained that the market expected an increase in revenue substantially more than planned.
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Source: https://habr.com/ru/post/290400/
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