EPAM Earnings: Softness in North America and Software Overshadows Cost Discipline
EPAM's second-quarter revenue grew 3% year over year in constant currency, with GAAP operating margin improving to 10.8%. Despite this, softness in North America and the software sector led management to revise its full-year revenue growth outlook downwards to 3.2%-4.2% from an earlier 4.0%-6.5%. …