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]

Core Insights - EPAM Systems, Inc. will host a conference call on November 6, 2025, at 8:00 a.m. ET to discuss its Q3 2025 financial results, with a news release to be issued prior to the call [1] - The company has established itself as a leading global provider of digital engineering, cloud, and AI-enabled transformation services since its inception in 1993 [2] - EPAM leverages AI and GenAI to enhance clients' digital innovation and competitive edge through platforms like EPAM AI/RUN™ and initiatives such as DIALX Lab [3] - The company emphasizes local engagement with expert teams to deliver tailored solutions that improve lives and provide competitive advantages across various industries [4] - EPAM was added to the S&P 500 and Forbes Global 2000 in 2021 and recognized as a top company in Information Technology Services by Fortune 1000 and IDC MarketScapes [5]

Core Viewpoint - EPAM Systems, Inc. announces a leadership transition with Arkadiy Dobkin moving to Executive Chairman and Balazs Fejes appointed as the new CEO effective September 1, 2025 [1][2] Leadership Transition - Arkadiy Dobkin will focus on strategic initiatives and maintaining key relationships while supporting the company's mission as Executive Chairman [2][3] - Balazs Fejes, with over 20 years at EPAM, is positioned to lead the company forward, emphasizing the expansion of engineering and consulting capabilities [4][6] Company Milestones - Founded in 1993, EPAM has grown to over 61,000 professionals in more than 55 countries, leading digital transformation efforts globally [3][9] - Key milestones include the successful IPO in 2012, inclusion in the S&P 500 in 2021, and recognition as one of the Fortune 100 Fastest-Growing Companies for three consecutive years [5][9] Strategic Focus - The company is committed to advancing AI-native solutions and has positioned itself for future growth, aiming to surpass $5 billion in annual revenue [5][20] - EPAM's leadership has been recognized for its contributions to the tech industry, with Dobkin receiving multiple awards for his leadership [11][9]