From Yahoo Finance: 2025-05-08 11:02:00

EPAM Systems, Inc. reported first-quarter 2025 results, with sales growing 11.7% year-over-year to $1.302 billion, beating estimates. Revenue increased by 1.4% on an organic constant currency basis. Adjusted EPS of $2.41 beat estimates, while adjusted operating income reached $175.8 million. Operating cash flow dropped to $24.2 million. The company repurchased shares and expects strong revenue growth for 2025.

EPAM announced a planned leadership succession, with founder and CEO transitioning to Executive Chairman. Balazs Fejes appointed as new President and CEO. EPAM shares are trading higher by 13.7% at $180.98. The company raised its 2025 revenue guidance and narrowed its GAAP EPS guidance. The outlook is positive for the company’s growth and leadership transition.



Read more at Yahoo Finance: EPAM Soars On Strong Q1 Earnings, Raised Guidance