Overview
- EPAM Systems, which reported results Thursday, lifted its full-year adjusted EPS outlook to $12.98–$13.28 from $12.60–$12.90.
- Adjusted EPS for the March quarter came in at $2.86, topping the $2.75 average estimate compiled by LSEG.
- First-quarter revenue was $1.40 billion in line with expectations, and the company guides second-quarter revenue to $1.40–$1.42 billion versus $1.43 billion forecast by analysts.
- Second-quarter adjusted EPS is projected at $3.10–$3.18, with the midpoint edging past the $3.10 consensus.
- CEO Balazs Fejes said EPAM is in a multi-year push to capitalize on AI work, and the company targets 2026 revenue growth of 4%–6.5%.