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NEWTOWN, Pennsylvania - EPAM Systems, Inc. (NYSE:EPAM) reported better-than-expected first quarter results and raised its full-year revenue guidance on Thursday.
The company saw its shares jump 8.03% in premarket trading after the earnings release.
The company posted adjusted earnings per share of $2.41, surpassing analyst estimates of $2.29. Revenue came in at $1.3 billion, topping expectations of $1.28 billion and representing an 11.7% increase year-over-year.
EPAM’s strong performance was driven by continued demand for its digital engineering and AI-enabled transformation services. On an organic constant currency basis, revenue grew 1.4% compared to the first quarter of 2024.
"We reported strong first quarter results amidst a dynamic macroeconomic landscape, which highlights our unique differentiation in supporting our clients through their transformation journeys," said CEO Arkadiy Dobkin.
Looking ahead, EPAM raised its full-year 2025 revenue growth outlook to 11.5%-14.5%, up from its previous forecast. The company now expects adjusted earnings per share of $10.70-$10.95 for the year, above the consensus estimate of $10.49.
For the second quarter, EPAM projects revenue of $1.325-$1.340 billion and adjusted EPS of $2.56-$2.64, both ahead of analyst expectations.
The company’s ability to deliver growth despite economic uncertainties appears to have boosted confidence in its business model and market positioning.
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