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Why EPAM Systems Stock Gained 12.8% in August

Why EPAM Systems Stock Gained 12.8% in August

Shares of EPAM Systems (NYSE: EPAM) climbed 12.8% in August, according to data from S&P Global Market Intelligence. EPAM Systems published second-quarter results on Aug. 6, posting sales and earnings that topped the market's targets. The company recorded adjusted earnings per share of $1.46 on revenue of $632.38 million, while the average analyst estimate had called for $1.19 per share on sales of $596.71 million.