Expanded collaboration helps businesses streamline multi-cloud transformation — addressing the need for greater scalability, efficiency and cost-effectiveness , /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has expanded its collaboration with Oracle to help enterprises across industries — including healthcare, life sciences, financial services and insurance — to integrate Oracle Cloud Infrastructure (OCI) and AI ...

, /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, will host a conference call at 8:00 a.m. ET, on Thursday, November 6, 2025, to discuss its third quarter 2025 financial results. A news release containing these results will be issued before the call. We deliver globally but engage locally with our expert teams of consultants, architects, designers and engineers, making the future real for our clients, our partners, and our peopl ...

Company Overview - EPAM Systems, Inc. is a leading global provider of digital engineering, cloud, and AI-enabled transformation services, established in 1993 [3] - The company focuses on addressing clients' transformation challenges through an integrated strategy that combines experience and technology consulting with over 30 years of engineering execution [3] Financial Results Announcement - EPAM Systems will host a conference call on August 7, 2025, at 8:00 a.m. ET to discuss its second quarter 2025 financial results, with a news release to be issued prior to the call [1] Digital Innovation and AI Integration - The company leverages AI and GenAI to deliver transformative solutions that enhance clients' digital innovation and competitive edge [4] - EPAM integrates advanced AI technologies into tailored business strategies through platforms like EPAM AI/RUN™ and initiatives such as DIALX Lab [4] Global Presence and Recognition - EPAM serves customers across six continents and has been recognized as one of the top 15 companies in Information Technology Services in the Fortune 1000 [6] - The company was added to the S&P 500 and Forbes Global 2000 in 2021 and has received accolades from Glassdoor and Newsweek as a Most Loved Workplace [6]

Core Insights - EPAM Systems, Inc. has launched DIAL 3.0, an open-source GenAI platform aimed at facilitating enterprise AI adoption through a modular and open-source approach [1][3] - DIAL 3.0 is designed to help clients accelerate value delivery while avoiding vendor lock-in, bridging commercial models with open innovation [3][4] - The platform has evolved from an internal tool to a comprehensive framework utilized by global clients across various industries, including financial services, healthcare, and retail [4][5] Company Strategy - EPAM emphasizes a hybrid strategy that combines structured platform thinking with the flexibility of open source, allowing organizations to move faster in AI deployment [4] - The platform supports agentic workflows and data-native reasoning, addressing structural challenges of deploying AI at scale across business functions [4] - DIAL 3.0 introduces new methodologies for working with both structured and unstructured data, promoting collaboration across enterprises [4][5] Client Engagement - Altera Digital Health, an early adopter of DIAL, highlights the platform's ability to improve operational efficiency and the importance of EPAM's commitment to open-source innovation [5][6] - The continued evolution of DIAL has fostered trust among clients as they scale their AI solutions [6] Industry Position - EPAM Systems has established itself as a leading global provider of digital engineering and AI-enabled transformation services, addressing clients' transformation challenges through integrated strategy and technology consulting [10] - The company is recognized for its significant impact in the industry, being included in the S&P 500 and Forbes Global 2000, and is noted for its leadership in various IT service categories [10]

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]

Core Insights - EPAM Systems, Inc. reported strong first quarter results for 2025, with revenues of $1.302 billion, reflecting an 11.7% year-over-year increase, and raised its full-year revenue outlook to a growth rate of 11.5% to 14.5% [1][4][5] Financial Performance - First quarter revenues reached $1.302 billion, an increase of $136.2 million or 11.7% year-over-year [4][5] - GAAP income from operations was $99.3 million, a decrease of 10.1% from $110.5 million in the first quarter of 2024 [5] - Non-GAAP income from operations was $175.8 million, an increase of 1.2% compared to $173.6 million in the first quarter of 2024 [5] - GAAP diluted EPS was $1.28, down 35.0% from $1.97 in the first quarter of 2024, while non-GAAP diluted EPS was $2.41, a decrease of 2.0% from $2.46 [5] Cash Flow and Other Metrics - Cash provided by operating activities was $24.2 million for the first quarter of 2025, significantly lower than $129.9 million for the same period in 2024 [5] - Cash, cash equivalents, and restricted cash totaled $1.179 billion as of March 31, 2025, down 8.7% from $1.290 billion as of December 31, 2024 [5] - The company repurchased 796 thousand shares for $160.0 million during the first quarter of 2025 [5] 2025 Outlook - For the full year, EPAM expects 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 [4][5] - The company anticipates second quarter revenues to be between $1.325 billion and $1.340 billion, reflecting year-over-year growth of 16.2% at the midpoint [13]