What was EPAM's non-GAAP earnings per share in 2022-Q4 
 the balanced cost structure across our major delivery centers. At the same time, while we are fully committed to continuing our investments in our strategic differentiators, we are watching very carefully the balance of those investments to our current and immediately visible demand.
Given the necessity of looking at our business both from a long and shorter-term point of view, we are heavily utilizing our digital platforms, which have been instrumental in guiding our decisions so far in allowing us to monitor our business on a daily basis and making real-time collaborations when necessary to ensure that we protect our best talent as a key priority while still driving toward our historic growth and profitability levels. On the general slowdown issue, we do believe that in today's technology-dependent world, the real impact of slow demand on the IT services global market most likely should be limited just to several quarters. The pullback will encourage new players to enter the market with new technology-led business solutions and push enterprises to respond with new investment in order to protect their competitive positions, which in turn should accelerate growth for EPAM as our proposition is focused exactly in helping them to bring new strategy and implementation simultaneously in most coordinated and efficient ways. So, our goal today is to prepare EPAM exactly for that time and to be able to respond in fast to the next growth and capability challenges.
That is why we plan to focus our attention in the next quarters to further stabilize our global operations and to continuously invest into new talent, new capabilities, new offerings, and new markets and to maintain our strong engineering G&A but, this time, as a much more globally diversified company than ever in the past. Looking at our results for 2022. We generated over $4.8 billion in revenues, reflecting a greater than 28% year-over-year growth. Non-GAAP earnings per share were $10.90, a 20% increase over fiscal 2021.
And we also generated $382 million of free cash flow. And, one more time, we did all that during the year when we had almost 60% of our talent in regions directly or indirectly impacted by war and when we were supporting many thousands of EPAMers and their families during the continuous relocation process. In 2023, we are committed to accelerating our mission of becoming a true value orchestrator for our customers, and we are working every day to stay focused on our customer needs and demands. Even while we continue rolling our geographic expansions, our capabilities, and our commercial offerings of a larger, more diversified and more capable EPAM.
It is a bit strange to talk today again 12 months later about crossing 5 billion revenue mark in 2023 as we did back in February 2022. The war took a year of our life, a year of our growth, but we all know too well that it's nothing in comparison to what people in Ukraine must go through today and what is happening on the ground in Turkey as we speak right now. So, that is why with all that, what didn't change at all is our confidence that is what we build and continuously building, we would be able to navigate the challenges and come back to our 20% plus organic growth rate in the next several quarters and to our 10 billion aspiration within the next several years. With that said, let me turn the call over to Jason, who will talk about our Q4 and full-year '22 results and our business outlook for 2023.
Jason Peterson -- Chief Financial Officer
Thank you, Ark, and good morning, everyone. Before covering our Q4 results, I wanted to remind everyone that in addition to our customary non-GAAP adjustments, expenditures related to EPAM's humanitarian commitment to Ukraine, the exit of our Russian operations, and costs associated with accelerated employee relocations have been excluded from non-GAAP financial results. We have included additional disclosures specific to these and other related items in our Q4 earnings release. In the fourth quarter, EPAM delivered solid results.
The company generated revenues of
 the balanced cost structure across our major delivery centers. At the same time, while we are fully committed to continuing our investments in our strategic differentiators, we are watching very carefully the balance of those investments to our current and immediately visible demand.
Given the necessity of looking at our business both from a long and shorter-term point of view, we are heavily utilizing our digital platforms, which have been instrumental in guiding our decisions so far in allowing us to monitor our business on a daily basis and making real-time collaborations when necessary to ensure that we protect our best talent as a key priority while still driving toward our historic growth and profitability levels. On the general slowdown issue, we do believe that in today's technology-dependent world, the real impact of slow demand on the IT services global market most likely should be limited just to several quarters. The pullback will encourage new players to enter the market with new technology-led business solutions and push enterprises to respond with new investment in order to protect their competitive positions, which in turn should accelerate growth for EPAM as our proposition is focused exactly in helping them to bring new strategy and implementation simultaneously in most coordinated and efficient ways. So, our goal today is to prepare EPAM exactly for that time and to be able to respond in fast to the next growth and capability challenges.
That is why we plan to focus our attention in the next quarters to further stabilize our global operations and to continuously invest into new talent, new capabilities, new offerings, and new markets and to maintain our strong engineering G&A but, this time, as a much more globally diversified company than ever in the past. Looking at our results for 2022. We generated over $4.8 billion in revenues, reflecting a greater than 28% year-over-year growth. Non-GAAP earnings per share were $10.90, a 20% increase over fiscal 2021.
And we also generated $382 million of free cash flow. And, one more time, we did all that during the year when we had almost 60% of our talent in regions directly or indirectly impacted by war and when we were supporting many thousands of EPAMers and their families during the continuous relocation process. In 2023, we are committed to accelerating our mission of becoming a true value orchestrator for our customers, and we are working every day to stay focused on our customer needs and demands. Even while we continue rolling our geographic expansions, our capabilities, and our commercial offerings of a larger, more diversified and more capable EPAM.
 It is a bit strange to talk today again 12 months later about crossing 5 billion revenue mark in 2023 as we did back in February 2022. The war took a year of our life, a year of our growth, but we all know too well that it's nothing in comparison to what people in Ukraine must go through today and what is happening on the ground in Turkey as we speak right now. So, that is why with all that, what didn't change at all is our confidence that is what we build and continuously building, we would be able to navigate the challenges and come back to our 20% plus organic growth rate in the next several quarters and to our 10 billion aspiration within the next several years. With that said, let me turn the call over to Jason, who will talk about our Q4 and full-year '22 results and our business outlook for 2023.
Jason Peterson -- Chief Financial Officer
Thank you, Ark, and good morning, everyone. Before covering our Q4 results, I wanted to remind everyone that in addition to our customary non-GAAP adjustments, expenditures related to EPAM's humanitarian commitment to Ukraine, the exit of our Russian operations, and costs associated with accelerated employee relocations have been excluded from non-GAAP financial results. We have included additional disclosures specific to these and other related items in our Q4 earnings release. In the fourth quarter, EPAM delivered solid results.
The company generated revenues of