Epam Systems ( (EPAM) ) has released its Q1 earnings. Here is a breakdown of the information Epam Systems presented to its investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
EPAM Systems, Inc., a global leader in digital transformation services and product engineering, has reported its financial results for the first quarter of 2025, showcasing its continued growth and strategic advancements in the technology sector.
In the first quarter of 2025, EPAM Systems achieved revenues of $1.302 billion, marking an 11.7% increase compared to the previous year. Despite a challenging macroeconomic environment, the company demonstrated its resilience and ability to support clients through their transformation journeys, as highlighted by CEO Arkadiy Dobkin.
Key financial metrics for the quarter include a GAAP income from operations of 7.6% of revenues and a non-GAAP income from operations of 13.5%. The company reported a GAAP diluted EPS of $1.28, a decrease from the previous year, while the non-GAAP diluted EPS stood at $2.41. Additionally, EPAM raised its full-year revenue growth outlook to a range of 11.5% to 14.5%, reflecting strong organic growth and favorable foreign exchange rate assumptions.
EPAM’s strategic initiatives, including its focus on AI-native innovation and engineering excellence, continue to drive its momentum. The company also repurchased 796 thousand shares of its common stock for $160 million, reflecting its commitment to returning value to shareholders.
Looking ahead, EPAM Systems remains optimistic about its growth prospects, with expectations of continued revenue growth and strategic advancements in the digital transformation landscape. The company’s management anticipates further strengthening its position in the market while navigating the dynamic economic environment.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue