EPAM Systems, Inc. reports strong results for the first quarter of 2025 with revenue growth of 11.7% year-on-year to USD 1.302 billion. The company is raising its sales forecast for the full year 2025 and now expects growth of between 11.5% and 14.5%.
- **Financial results**: GAAP operating income represents 7.6% of revenue, non-GAAP operating income is 13.5%. GAAP earnings per share (EPS) is USD 1.28, while non-GAAP EPS is USD 2.41.
- **Industry-specific development**: Financial Services record an increase of 29.3%, Software & High Tech grows by 9.6%, while Consumer Goods, Retail & Travel (-1.4%) and Business Information & Media (-2.2%) show declines.
- Geographic distribution**: Sales growth in the Americas (+12.6%), EMEA (+10.7%) and APAC (+4.3%).
- Employees & locations**: EPAM employs over 61,700 people in more than 55 countries.
- **Financial guidance**: For the second quarter, EPAM expects revenue to be between $1.325 billion and $1.340 billion with year-over-year growth of 16.2%.
Overall, despite a challenging economic environment, EPAM continues to show strong growth figures, particularly through digital transformation and AI-driven innovation.
*with AI summarized