EPAM Systems, Inc. provided earnings guidance for first quarter and full year of 2022. For the quarter, the company expected revenues will be in the range of $1.170 billion to $1.180 billion for the first quarter reflecting a year-over-year growth rate of approximately 50% at the mid-point of the range, GAAP income from operations to be in the range of 14.5% to 15.5% and GAAP diluted EPS will be in the range of $2.65 to $2.73 for the quarter.

For the full year, the company expected revenues will be at least $5.150 billion for 2022 reflecting a year-over-year growth rate of at least 37%, which includes an unfavorable foreign currency translation impact of approximately 1%, GAAP income from operations to be in the range of 13.5% to 14.5% and GAAP diluted EPS to be in the range of $10.43 to $10.76.