Core Insights - EPAM Systems, Inc. has been awarded the Innovate with Azure AI Platform 2025 Microsoft Partner of the Year Award for its leadership in developing AI solutions on Azure [1][2][4] - The award recognizes EPAM's innovation in creating AI solutions that demonstrate significant impact through specific customer use cases, particularly in collaboration with Albert Heijn [3][4] Company Achievements - EPAM's winning project involved the development of a scalable GenAI platform for Albert Heijn, enhancing operational efficiency through an AI-powered virtual assistant [4][5] - The company has also been recognized as a finalist in three other competitive categories, showcasing its broad capabilities in AI and digital transformation [5][6] Partnership with Microsoft - EPAM's status as a Microsoft Global Systems Integrator (GSI) reflects its deepening collaboration with Microsoft and commitment to delivering innovative solutions [7][8] - The partnership enables EPAM to leverage Microsoft's Cloud and AI platforms to drive transformative outcomes for clients [8] Industry Impact - EPAM integrates advanced AI technologies into tailored business strategies, enhancing clients' competitive edge and driving significant industry impact [9] - The company has been recognized for its engineering excellence and cloud expertise, underscoring its role in enterprise-scale transformation across various industries [7][11]

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores provide a framework for evaluating stocks based on value, growth, and momentum [2][3][4][5][6] Zacks Style Scores - Stocks are rated A, B, C, D, or F based on their value, growth, and momentum characteristics, with higher scores indicating better performance potential [3] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [3] - The Growth Score emphasizes a company's financial health and future growth potential, analyzing earnings and sales projections [4] - The Momentum Score assesses stocks based on price trends and earnings estimate changes to identify favorable buying opportunities [5] - The VGM Score combines all three Style Scores to highlight stocks with the best value, growth, and momentum characteristics [6] Zacks Rank Integration - The Zacks Rank is a proprietary model that uses earnings estimate revisions to identify stocks with high potential, with 1 (Strong Buy) stocks historically returning an average of +23.93% annually since 1988 [7][9] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [9][10] Company Spotlight: EPAM Systems, Inc. - EPAM Systems, Inc. is rated 2 (Buy) on the Zacks Rank and has a VGM Score of A, making it a strong candidate for growth investors [11] - The company is projected to achieve year-over-year earnings growth of 2.7% for the current fiscal year, with an upward revision in earnings estimates for fiscal 2025 [12] - The Zacks Consensus Estimate for EPAM's earnings has increased by $0.07 to $11.15 per share, with an average earnings surprise of +4.4% [12]

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Core Insights - EPAM Systems, Inc. (EPAM) shares increased by 4.4% following the release of better-than-expected third-quarter 2025 results, with earnings of $3.08 per share, surpassing the Zacks Consensus Estimate by 1.99% but down from $3.12 in the same quarter last year [1][8] Financial Performance - EPAM reported third-quarter revenues of $1.39 billion, exceeding the consensus estimate of $1.37 billion, and reflecting a year-over-year growth of 19.4%, driven by advancements in artificial intelligence [2][8] - Revenue breakdown includes: - Financial Services: $337.8 million (24.2% of total revenues), up 32.7% year over year [3] - Consumer Goods, Retail & Travel: $276 million (19.8% of total revenues), up 9.9% year over year [3] - Software & Hi-Tech: $212.2 million (15.2% of total revenues), up 19.1% year over year [4] - Life Sciences & Healthcare: $159.2 million (11.4% of total revenues), up 11.8% year over year [4] - Business Information & Media: $167.6 million (12% of total revenues), up 0.1% year over year [4] - Emerging revenues: $241.6 million (17.4% of total revenues), up 38.9% year over year [4] Profitability Metrics - Non-GAAP gross profit increased by 8% year over year to $432.9 million, with a gross margin contraction of 330 basis points to 31% [5] - Non-GAAP operating income remained flat at $222.8 million year over year, with an operating margin contraction of 310 basis points to 16% [5] Balance Sheet and Cash Flow - As of September 30, 2025, EPAM had cash and cash equivalents of $1.24 billion, up from $1.05 billion as of June 30, 2025 [6] - Long-term debt stood at $25 million [6] - Generated operating cash flow of $294.7 million and free cash flow of $286.4 million during the third quarter [6] Future Guidance - For Q4 2025, EPAM expects revenues between $1.380 billion and $1.395 billion, indicating a year-over-year growth of 11.1% at the midpoint [7] - Full-year 2025 revenue guidance has been raised to a range of $5.430 billion to $5.445 billion, reflecting a 15% year-over-year growth at the midpoint [10] - GAAP diluted EPS is projected between $6.75 and $6.83, while non-GAAP diluted EPS is forecasted in the range of $11.36 to $11.44 [11]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to________ Commission file number: 001-35418 EPAM SYSTEMS, INC. (Exact name of registrant as specified in its charter) | Title of Each Class | Trading Symbol ...

EPAM Systems (NYSE:EPAM) Q3 2025 Earnings Call November 06, 2025 08:00 AM ET Speaker1Thank you for standing by. My name is Rebecca, and I'll be your conference operator today. At this time, I would like to welcome everyone to the EPAM Reports Results for Third Quarter 2025 conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star followe ...

Core Insights - Epam reported quarterly earnings of $3.08 per share, exceeding the Zacks Consensus Estimate of $3.02 per share, but down from $3.12 per share a year ago, representing an earnings surprise of +1.99% [1] - The company achieved revenues of $1.39 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.44% and up from $1.17 billion year-over-year [2] - Epam has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2] Financial Performance - The earnings surprise for the previous quarter was +6.13%, with actual earnings of $2.77 per share compared to an expected $2.61 [1] - The current consensus EPS estimate for the upcoming quarter is $2.90, with projected revenues of $1.38 billion, and for the current fiscal year, the EPS estimate is $11.11 on revenues of $5.41 billion [7] Market Position - Epam shares have declined approximately 31.2% year-to-date, contrasting with the S&P 500's gain of 15.6% [3] - The Zacks Industry Rank places Computers - IT Services in the top 30% of over 250 Zacks industries, indicating a favorable industry outlook [8] Future Outlook - The sustainability of Epam's stock price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] - The estimate revisions trend for Epam was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market [6]

EPAM Systems raised its annual earnings forecast for the third time this year as businesses spend more to modernize their systems for artificial intelligence, sending shares of the IT consultancy firm... ...

Core Insights - EPAM Systems, Inc. reported a third quarter revenue of $1.394 billion, reflecting a year-over-year increase of 19.4% [5][6] - The company raised its full-year revenue growth outlook for 2025 to a range of 14.8% to 15.2% [5][6] - CEO Balazs Fejes emphasized the company's focus on AI and AI-native innovation as a key driver for growth [2] Financial Performance - Third quarter revenues increased by $226.8 million compared to the same period in 2024 [6] - GAAP income from operations was $144.9 million, a decrease of 18.1% year-over-year [6] - Non-GAAP income from operations was $222.8 million, showing a slight decrease of $0.1 million compared to the previous year [6] - GAAP diluted EPS was $1.91, down 19.4% from $2.37 in the third quarter of 2024 [6] - Non-GAAP diluted EPS was $3.08, a decrease of 1.3% from $3.12 in the same quarter last year [6] Cash Flow and Shareholder Returns - Cash provided by operating activities for the first nine months of 2025 was $372.0 million, down from $428.9 million in the same period of 2024 [6] - The company repurchased $82.1 million of its stock in the third quarter and announced a new share repurchase plan for up to $1 billion [5][6] Outlook - For the full year 2025, EPAM expects revenues to be in the range of $5.430 billion to $5.445 billion, with a year-over-year growth rate of 15.0% at the midpoint [6] - The company anticipates GAAP diluted EPS to be in the range of $6.75 to $6.83 and non-GAAP diluted EPS to be between $11.36 and $11.44 [5][6] Workforce and Strategic Initiatives - Total headcount was approximately 62,350 as of September 30, 2025, with a 0.5% increase in delivery professionals since June 30, 2025 [6] - The company is investing in AI and AI-native innovation to enhance its strategic positioning in the market [2][9]

Exhibit 99.1 EPAM Reports Results for Third Quarter 2025 and Raises Full Year Revenue and EPS Outlook Newtown, PA, USA — November 6, 2025 — EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced results for the third quarter ended September 30, 2025. "We are pleased to deliver another quarter of improving year-over-year organic constant currency revenue growth, driven by our deep engineering expertise and focus on helping clients build out ...