Epam Systems raises FY25 EPS view to $10.96-$11.12 from $10.70-$10.95

Consensus $10.85. Raises FY25 revenue view to up 13%-15% from up 11.5%-14.5%. The company said, “Based on the strength of organic constant currency revenue growth and updates to our foreign exchange rate assumptions, the Company raises its expected year-over-year revenue growth rate to now be in the range of 13.0% to 15.0% for 2025. Additionally, the Company now expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 3.0% to 5.0%; For the full year, EPAM continues to expect GAAP income from operations to be in the range of 9.0% to 10.0% of revenues and non-GAAP income from operations to be in the range of 14.5% to 15.5% of revenues; The Company now expects its GAAP effective tax rate to be approximately 26.0% and continues to expect its non-GAAP effective tax rate to be approximately 24.0%; and EPAM now expects GAAP diluted EPS to be in the range of $6.48 to $6.64 and non-GAAP diluted EPS to be in the range of $10.96 to $11.12. The Company now expects weighted average diluted shares outstanding for the year to be 56.4 million.”