Epam Systems Shows Q2’s Challenge For Software Firms

By | August 5, 2015

Scalper1 News

Epam Systems (EPAM) stock slipped in late trading Tuesday after the provider of outsourced software engineering and other IT services beat second-quarter revenue expectations but edged earnings views as it again faced foreign currency headwinds. Epam gets more than half its business from outside the U.S., so the strong U.S. dollar has weighed on its results — as it has for IBM (IBM), which also derives the majority of its revenue from Scalper1 News

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