GREAT FRIDAYS INC.
NEWTOWN, PA

EPAM supplements results reported in accordance with United States generally accepted accounting principles, referred to as GAAP, with non-GAAP financial measures. Management believes these measures help illustrate underlying trends in EPAM’s business and uses the measures to establish budgets and operational goals, communicate internally and externally, for managing EPAM’s business and evaluating its performance. Management also believes these measures help investors compare EPAM’s operating performance with its results in prior periods. EPAM anticipates that it will continue to report both GAAP and certain non-GAAP financial measures in its financial results, including non-GAAP results that exclude stock-based compensation expense, write-offs and recoveries, amortization of purchased intangible assets, goodwill impairment, legal settlements, foreign exchange gains and losses, acquisition-related costs, certain other one-time charges, the impact of U.S. tax reform, excess tax benefits related to stock compensation and the related effect on income taxes. Management also compares operating results on a basis of “constant currency,” which is also a non-GAAP financial measure. This measure excludes the effect of foreign currency exchange rate fluctuations by translating the current period revenues and expenses into U.S. dollars at the weighted average exchange rates of the prior period of comparison. Because EPAM’s reported non-GAAP financial measures are not calculated according to GAAP, these measures are not comparable to GAAP and may not be comparable to similarly described non-GAAP measures reported by other companies within EPAM’s industry. Consequently, EPAM’s non-GAAP financial measures should not be evaluated in isolation or supplant comparable GAAP measures, but, rather, should be considered together with the information in EPAM’s consolidated financial statements, which are prepared in accordance with GAAP. This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law. The below guidance constitutes forward-looking statements within the meaning of the federal securities laws and is based on a number of assumptions that are subject to change and many of which are outside the control of the Company. Actual results may differ materially from the Company’s expectations depending on factors discussed in the Company’s filings with the Securities and Exchange Commission.  EPAM wins its first significant ISV client, SAP AG, and after a successful pilot, broadens its specialized software engineering services to help leading ISVs develop commercial software products. EPAM debuts as the first company with Belarusian engineering roots on the NYSE at $12 per share. Who We Are  and numerous publications as a leading software service provider. EPAM is the first company with Belarusian engineering roots to go public on the New York Stock Exchange (NYSE: EPAM). EPAM celebrates its 20th anniversary, spanning 17 countries and employing 13,000+ experts in a variety of domains and solution practices. EPAM is positioned for the first time as a leader in Product Development Services by Forrester. After reaching our goal of becoming one of the top three global leaders in Product Development, we embark on a new strategy and vision for 2018 to expand core services for the digital enterprise. We add Navigation Arts to our digital services portfolio and acquire Alliance Global Services to bring additional depth in product development and testing, as well as geographic coverage in India and APAC. 2018: Where We Are Now Translations.com is the world’s leading provider of technologies that simplify the process of creating and deploying multilingual content. Powered by industry-leading Business Process Management (BPM) and Case Management capabilities, Appian is jet fuel for digital transformation. Today, 430,000 customers in 175 countries use Oracle technologies to seize business opportunities and solve real, tangible challenges. In April 2015, we partnered with Carbon Footprint UK to assess our Carbon Footprint and provide guidance on implementing practices to reduce our own impact. We will continue promoting the energy management system with support from Carbon Footprint UK, to improve the overall energy efficiency across all of our sites. Additionally, our locations across the globe participate in recycling programs to reduce the amount of office waste from our day-to-day business activities. We encourage social innovation and jumpstart collaboration among the tech community to provide solutions to specific local needs. We partner with a variety of businesses and nonprofit organizations to bring our social responsibility initiatives to life, including: Hello. How Can We Help You? Delivery Fitness 101: How to Develop Products at Scale and Unlock New Revenue Streams Download this eBook to explore the four pillars of the Digital Factory, and to learn more about how you can effectively remodel your business strategy to deliver products at scale and unlock new revenue streams. Since 1993, EPAM Systems, Inc. has leveraged its core engineering expertise to become a leading global product development and digital platform engineering services company. Through its ‘Engineering DNA’ and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver innovative solutions that turn complex business challenges into real business opportunities.