EPAM Systems (NYSE: EPAM) reported earnings on Feb. 28. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended Dec. 31 (Q4), EPAM Systems beat expectations on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share contracted significantly.

Gross margins increased, operating margins dropped, net margins dropped.

Revenue details
 EPAM Systems reported revenue of $125.5 million. The two analysts polled by S&P Capital IQ foresaw revenue of $117.0 million on the same basis. GAAP reported sales were 32% higher than the prior-year quarter's $95.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.32. The two earnings estimates compiled by S&P Capital IQ predicted $0.32 per share. GAAP EPS of $0.32 for Q4 were 37% lower than the prior-year quarter's $0.51 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 38.4%, 80 basis points better than the prior-year quarter. Operating margin was 14.9%, 130 basis points worse than the prior-year quarter. Net margin was 11.9%, 110 basis points worse than the prior-year quarter.

Looking ahead
 Next quarter's average estimate for revenue is $120.3 million. On the bottom line, the average EPS estimate is $0.29.

Next year's average estimate for revenue is $519.6 million. The average EPS estimate is $1.43.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 19 members out of 23 rating the stock outperform, and four members rating it underperform. Among eight CAPS All-Star picks (recommendations by the highest-ranked CAPS members), six give EPAM Systems a green thumbs-up, and two give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EPAM Systems is outperform, with an average price target of $24.08.

Is EPAM Systems playing the right part in the new technology revolution? Computers, mobile devices, and related services are creating huge amounts of valuable data, but only for companies that can crunch the numbers and make sense of it. Meet the leader in this field in "The Only Stock You Need To Profit From the NEW Technology Revolution." Click here for instant access to this free report.