Software provider EPAM raises annual forecasts, announces CEO change
(Reuters) -EPAM Systems raised its annual revenue and profit forecasts on Thursday, helped by steady enterprise demand for its IT consulting services, sending its shares up around 10% in premarket trading.
The company also said its founder and CEO Arkadiy Dobkin will transition to executive chairman on September 1, and revenue chief Balazs Fejes will take over as chief executive.
EPAM's broad portfolio of consulting services helped it navigate a tough spending environment as enterprises pull back on non-essential tech projects.
Larger rivals such as Accenture and IBM have been hit by federal deal cancellations as President Donald Trump's administration tries to curb government spending.
The Newtown, Pennsylvania-based EPAM expects 2025 revenue growth in the range of 11.5% to 14.5%, up from the previous range of 10% to 14%.
EPAM expects full-year adjusted earnings per share in the range of $10.70 to $10.95, compared with its prior forecast of $10.45 to $10.75.
The company reported first-quarter revenue of $1.30 billion, beating estimates of $1.28 billion, according to data compiled by LSEG.
It posted an adjusted profit per share of $2.41 for the three months ended March 31, compared with estimates of $2.27 per share.
The company also forecast second-quarter revenue and adjusted profit per share above estimates.
EPAM had bought FD Technologies' consulting unit in late 2024, in a bid to strengthen its presence in artificial intelligence-driven financial services.
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San Francisco Chronicle
21 minutes ago
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Yahoo
3 hours ago
- Yahoo
Introducing the OM SYSTEM OM-5 Mark II Mirrorless Interchangeable Lens Camera
Evolution Where It Matters Most. Trusted Outdoor Performance, Now Refined. BETHLEHEM, Pa., June 17, 2025 /PRNewswire/ -- OM Digital Solutions Corporation proudly announces the launch of the OM SYSTEM OM-5 Mark II, a refined mirrorless interchangeable lens camera built for outdoor creators who demand reliability, portability, and real-world performance. An evolution of the highly trusted OM-5 family, the OM-5 Mark II brings targeted upgrades where they matter most — based on feedback from creators who live for the outdoors. Compact, lightweight, and featuring splash & dust proof construction, it remains a trusted companion in all terrains and weather conditions. The OM-5 Mark II improves what photographers value most. Enhanced handling, new creative tools, and dependable performance are packed into a rugged Micro Four Thirds system body that's ready for adventure. Key Features of the OM SYSTEM OM-5 Mark II: Proven compact, lightweight system that's easy to carry and quick to deploy in the field for capturing inspiring outdoor shots flawlessly with a redesigned grip for superior ergonomics and more secure handling. Class-leading 5-axis image stabilization for consistently sharp images in any situation. New USB-C port allows charging from a power bank—perfect for extended outdoor shoots. New OM-Cinema Video Profiles for impressive cinematic 4K movies. Now features the acclaimed OM-1 series menu structure for intuitive control. Available in two classic colors: Black and Silver, plus an all-new color, Sand Beige, inspired by natural tones and made for outdoor explorers. Splash & dust proof (IP531) with freeze-proof protection to -10°C for confident shooting in challenging conditions. Capture outdoor experiences exactly as you picture them with computational photography — powered by a new dedicated CP button for faster access. At OM SYSTEM, we believe creators deserve tools that support their vision without adding bulk or complication. The OM-5 Mark II is a camera built on trust — refined for those who explore more, carry less, and demand real performance from their gear. Pricing & availability for OM SYSTEM OM-5 Mark II The OM-5 Mark II will be available early July, at a suggested retail price of $1,199.99 US / $1,699.99 CAD. A bundled in a kit with OM-5 Mark II and Digital ED 12-45mm F4.0 PRO lens will be offered at a suggested retail price of $1,599.99 US / $2,199.99 CAD. A bundled in a kit with OM-5 and Digital ED 14-150mm F4.0-5.6 II OM lens will be offered at a suggested retail price of $1,499.99 US / $2,099.99 CAD Note: Sand Beige version is not available as a kit. Launch Offer 2 Year Extended Warranty with Purchase of OM-5 Mark IIJune 17- July 31, 2025, all orders of OM-5 Mark II body or kit will receive a complementary 2 Year Extended Limited Warranty, which extends the limited warranty coverage to 3 years total from original purchase date. Detailed product specifications for the OM SYSTEM OM-5 Mark IIPlease see the OM SYSTEM website for detailed product specifications: Company names and product names contained in this release are trademarks or registered trademarks of their respective companies. ABOUT OM SYSTEMOM SYSTEM inspires people to seek new encounters in the outdoors and experience more adventure in life through the power of visual storytelling. Designed to spark creativity and capture decisive moments never seen before, OM SYSTEM cameras combine outstanding reliability, mobility, and expressive power beyond imagination—perfect for outdoor exploration. From cutting-edge camera systems to learning opportunities and experiences, OM SYSTEM provides the tools and experiences that deepen your connection with nature and enrich every outdoor SYSTEM Product Website: ABOUT OM DIGITAL SOLUTIONS CORPORATIONOM Digital Solutions Corporation is a leading provider of award-winning digital imaging and audio solutions, noted for its precision optics and groundbreaking technologies. After being split from Olympus Corporation in 2021, OM Digital Solutions was newly formed to infuse its imaging heritage of 85 years–including its technologies, products, services, and brand legacy–into a new agile company, unleashing the full potential of its business. Today, OM Digital Solutions develops best-in-class products that challenge the boundaries of product design and functionality, fulfilling the needs of consumers and professionals alike. For questions or additional information, please contact: press@ OM SYSTEM OM-5 Mark II Features & Technology Detail Compact, lightweight system with excellent mobility for capturing inspiring outdoor shots easily Compact, lightweight system with excellent mobility: The OM SYSTEM OM-5 Mark II is a compact, lightweight, highly mobile camera that measures approximately 125.3 mm × 85.2 mm × 52.0 mm (WHD) and weighs about 418 g (including the battery and memory card). When paired with the M. ZUIKO DIGITAL ED 12-45mm F4.0 PRO standard zoom lens, it weighs approximately 672 g (CIPA compliant), making it the perfect companion for capturing the beauty of everyday moments or documenting awe-inspiring adventures, whether you're strolling through your neighborhood park or scaling a model is equipped with in-body 5-axis Image Stabilization which provides up to 6.5 steps2 of shutter speed compensation at the center, and up to 5.5 steps2 at the corner. When paired with a compatible lens3, 5-axis sync IS delivers up to 7.5 steps4 at the center, and up to 6.5 steps at the corner4. Powerful image stabilization enables hand-held shooting in a wide range of conditions, and the compact, lightweight system makes it possible to instantly react to photo opportunities encountered outdoors. Excellent core performance provides high image quality: Thanks to the inclusion of the 20.37 million effective pixel5 Live MOS sensor and the TruePic IX image processing engine, this model delivers natural gradations in images with minimal noise and high image quality even at high-sensitivity settings. It is equipped with 121-point all cross-type On-chip Phase Detection AF for high-speed, high-precision camera is compatible with a USB Type-C connection, allowing it to be charged/supplied with power by a power bank. This design allows users to enjoy shooting outdoors without worrying about battery life. Designed for the outdoors, OM-5 Mark II now comes in three body colors, including the all-new Sand Beige. An ergonomic grip with finger rests that provide a secure, comfortable hold while shooting. The smooth, streamlined top makes it easy to wipe away dirt and dust during your match its outdoor personality, the OM-5 Mark II comes in two trusted classics — Black and Silver — and a new, exclusive Sand Beige version, created to blend with natural environments and reflect the tones of rock, earth, and desert. This edition celebrates the spirit of adventure and the beauty of outdoors. Worry-free shooting even during changing weather, such as sudden rain, with splash & dust proof performance (IP531)The design includes sealing throughout, delivering IP531 protection class splash & dust proof performance with freeze-proof protection to -10°C, the same high level of weather resistance as the OM SYSTEM OM-1 Mark II flagship model. Thanks to this design, users can keep focusing on photo opportunities while enjoying the outdoors even in punishing shooting conditions without having to worry about damage from sudden rain, snow, or water spray—like that from waterfalls. The OM-5 Mark II is also equipped with the Supersonic Wave Filter (SSWF) Dust Reduction System, which is renowned among professional photographers worldwide. When the camera is turned on, the SSWF vibrates at a super high speed over 30,000 times per second to instantaneously remove dust and dirt. It eliminates dust and dirt stuck to the image sensor, keeping it from ending up in shots, and making it possible to swap lenses with peace of mind outdoors. Powerful computational photography tools built for creativity on the goCompositing techniques that were once only possible through post-processing on a computer are now built directly into the OM-5 Mark II, thanks to its advanced computational photography capabilities. Simply capture an image and unlock new photographic expressions with the latest digital technology. The OM-5 Mark II introduces a dedicated CP (Computational Photography) button, giving creators immediate access to powerful tools that once required complex software. With a quick turn of the Control Dial, users can easily switch between: Handheld High Res Shot Tripod High Res Shot Live ND (ND2–16) Focus Stacking HDR (HDR1 and HDR2) Multiple Exposure Live ND, for example, lets you photograph scenes with moving elements — such as flowing water, drifting clouds, or swaying trees — with a silky, dreamy effect, all without needing to carry physical ND filters. It simulates the long-exposure effect directly in-camera, even in bright daylight. Also included are features like Live Composite, which allows real-time monitoring of long exposures — ideal for capturing star trails, light painting, or fireworks — and Pro Capture, which begins buffering images as soon as the shutter button is half-pressed, helping ensure you never miss the perfect moment. New Night Vision, Starry Sky AF and Handheld Assist modes make photographing the night sky more accessible and enjoyable, helping you capture the beauty of a starry sky without a tripod. Additional Features Same new menu configuration as on the OM-1 series Easily record beautiful, cinematic video in OM-Cinema1/OM-Cinema2 picture modes specifically designed for videos. Video recording lamp (tally light) Set custom mode name (up to 12 alphanumeric characters) Related AccessoriesF-5AC USB AC Adapter (available now): The battery can be charged in the camera when connected to the USB cable included with the OM-5 Mark retail price: $29.99 USD / $34.99 CAD RM-WR2 Wireless Remote Control (available now): This wireless remote-control features IP57 class6 splash & dust proof construction, enabling remote shooting (communication range: within 10 m of the camera body) in any kind of environment when connected to the OM-5 Mark II. It also features an energy-saving design that uses Bluetooth® Low Energy for communication, which can be used to start and stop video recording. It includes a cable for use as a wired remote retail price: $99.99 USD / $139.99 CAD Supporting Software and AppsOM Image Share App ( This smartphone app is used to connect to the camera via Wi-Fi, transfer shooting data, and perform remote operations. On the OM-5 Mark II, can be used to update the firmware on the camera body and backup/restore camera settings. OM Workspace image editing software: This image editing software includes advanced RAW processing and editing features. It allows processing settings that can be applied on the camera and editing such as tone curve and dehazing. In addition, the AI Noise Reduction function for RAW processing7 is equipped. Applying this function when processing RAW files shot with a supported camera8 generates clearer images. Company names and product names contained in this release are trademarks or registered trademarks of their respective companies. When paired with a relevant splash & dust proof lens (according to lens standard). This does not apply during charging or HDMI connection. CIPA2024 standard compliant. Yaw/Pitch/Roll compensation performance, DIGITAL ED 12-45mm F4.0 PRO at a focal distance of f = 45mm (35mm equivalent f = 90mm) Check the product site for information on compatible lenses. CIPA2024 standard compliant. Yaw/Pitch/Roll compensation performance, DIGITAL ED 12-100mm F4.0 IS PRO at a focal distance of f = 100mm (35mm equivalent: f = 200mm), halfway shutter release button IS: OFF 21.77 million pixels When connected wirelessly. IP51 when connected via a cable. The additional program AI Noise Reduction must be downloaded. There are limitations on computers that can use this feature. Please see the online compatibility table for further details. Supported cameras: OM SYSTEM OM-5 Mark II, OM SYSTEM OM-3, OM SYSTEM OM-1 Mark II, OM SYSTEM OM-1, E-M1 Mark II, E-M1 Mark III, E-M1X, OM SYSTEM OM-5, E-M5 Mark III. Additional programs and supported data must be downloaded. View original content to download multimedia: SOURCE OM SYSTEM
