Latest news with #BalazsFejes
Yahoo
08-05-2025
- Business
- Yahoo
EPAM Systems (NYSE:EPAM) Reports Revenue Growth But Decline In Net Income
EPAM Systems recently announced that its Principal Founder Arkadiy Dobkin will transition to Executive Chairman, while Balazs Fejes will assume the role of CEO later this year. This leadership change follows EPAM's Q1 earnings report, which showed increased sales but a drop in net income and EPS. The company's stock rose 10% over the last month, influenced by positive market trends driven by a new U.S.-U.K. trade deal. Additionally, EPAM's updated revenue guidance, projecting notable growth, and expanded collaboration with Amazon Web Services, likely added weight to the positive market movement. Every company has risks, and we've spotted 1 weakness for EPAM Systems you should know about. We've found 19 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. EPAM Systems' leadership transition, involving Arkadiy Dobkin and Balazs Fejes, arrives at a critical juncture as the company aims to expand its AI initiatives and global footprint. These changes could bolster its service offerings and revenue streams, aligning with the growing demand for AI transformation. However, geopolitical risks and pricing pressures pose challenges to these ambitions. The increased sales and partnerships mentioned earlier may positively impact future earnings forecasts, yet the company's long-term performance has been mixed. Over the past five years, EPAM's total return dropped by 24.91%, reflecting challenges in sustaining growth and profitability over the extended period. In contrast, the company's performance relative to the US IT industry shows it underperformed, with the IT industry returning 18.3% over the past year compared to EPAM's own performance. A key issue is whether the updated revenue guidance and expansion strategy can support the analyst consensus price target of US$213.97. Given the current share price of US$157.88, there is a potential for a significant rise, but this depends on executing growth strategies amidst market uncertainties. Analysts forecast a slower expected annual profit growth of 9.1% per year, which is below the US market average of 13.9%, potentially tempering some enthusiasm about meeting or exceeding projected price targets. Gain insights into EPAM Systems' past trends and performance with our report on the company's historical track record. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:EPAM. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
EPAM Soars On Strong Q1 Earnings, Raised Guidance
EPAM Systems, Inc. (NYSE:EPAM) reported first-quarter 2025 results on Thursday. Its sales grew 11.7% year-over-year to $1.302 billion, beating the analyst consensus estimate of $1.28 billion. On an organic constant currency basis, revenue increased by 1.4% YoY. Adjusted EPS of $2.41 is down from $2.56 a year ago, but beat the consensus estimate of $2.27. Adjusted operating income for the quarter reached $175.8 million, up 1.2% YoY, and the margin stood at 13.5%, down from 14.9% company's operating cash flow for the first quarter dropped to $24.2 million from $129.9 million year over year. Total cash fell 8.7% to $1.179 billion from $1.290 billion at year-end 2024. EPAM repurchased 796,000 shares for $160 million in Q1 2025, with $277 million still authorized. Total headcount reached ~61,700, including ~55,600 delivery professionals, up 0.9% since December 2024. Second-quarter Outlook: EAPM expects revenue of $1.325 billion to $1.340 billion versus an estimated $1.30 billion, and adjusted EPS of $2.56 to $2.64 versus the $2.47 consensus. 2025 Outlook Raised: Revenue growth raised to 11.5% to 14.5% (or 2.0% to 5.0% organic, constant currency). The company now expects Sales Guidance of $5.27 billion to $5.41 billion (prior from $5.20 billion to $5.39 billion) versus the $5.27 billion consensus. The company expects Adjusted EPS of $10.70 to $10.95 (prior $10.45 to $10.75) versus the consensus of $10.50. It sees GAAP operating margin at 9.0% to 10% and non-GAAP at 14.5% to 15.5%. EPAM narrowed its GAAP EPS guidance from $6.78 to 7.08 to $6.78 to $7.00, compared to the $6.88 consensus. Additionally, EPAM announced that founder and CEO Arkadiy Dobkin will become Executive Chairman on September 1, 2025, with Balazs Fejes appointed as the new President and CEO to lead the company's next growth phase. Price Action: EPAM shares are trading higher by 13.7% to $180.98 at the last check on Thursday. Read Next:Photo by Jobs 51 via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? EPAM SYSTEMS (EPAM): Free Stock Analysis Report This article EPAM Soars On Strong Q1 Earnings, Raised Guidance originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
08-05-2025
- Business
- CNA
Software provider EPAM raises annual forecasts, announces CEO change
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 per cent 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 per cent to 14.5 per cent, up from the previous range of 10 per cent to 14 per cent. 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.
Reuters
08-05-2025
- Business
- Reuters
Software provider EPAM raises annual forecasts, announces CEO change
May 8 (Reuters) - EPAM Systems (EPAM.N), opens new tab 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 (ACN.N), opens new tab and IBM (IBM.N), opens new tab 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.
Yahoo
08-05-2025
- Business
- Yahoo
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.
