Shares of EPAM Systems Inc (NYSE: EPAM) surged 12.43% in pre-market trading on Thursday, following the release of its impressive first-quarter 2025 financial results, raised full-year revenue outlook, and announcement of planned leadership changes.

The global digital transformation services provider reported adjusted earnings per share of $2.41 for Q1, surpassing the analyst consensus estimate of $2.27 by 6.17%. While this represents a slight 2.03% decrease from the same period last year, the company's revenue performance was particularly strong. EPAM's quarterly sales reached $1.30 billion, beating the analyst consensus estimate of $1.28 billion by 1.49% and marking an 11.76% increase compared to the previous year.

Adding to the positive sentiment, EPAM raised its full-year 2025 outlook. The company now expects revenue growth between 11.5% to 14.5%, up from its prior forecast of 10% to 14%. It also increased its adjusted earnings per share guidance to a range of $10.70 to $10.95, compared with its previous estimate of $10.45 to $10.75. This upward revision in guidance signals confidence in the company's growth prospects and ability to navigate the current market conditions.

In a strategic move that appears to have been well-received by investors, EPAM announced a planned leadership succession. Arkadiy Dobkin, the company's principal founder and current CEO, will transition to the role of Executive Chairman on September 1, 2025. Balazs Fejes, currently serving as President of Global Business & Chief Revenue Officer, has been appointed to become the new President and Chief Executive Officer. This leadership change is seen as a smooth transition that will help ensure continuity in EPAM's strategic direction while potentially bringing fresh perspectives to drive future growth.

The combination of strong quarterly results, raised guidance, and a well-planned leadership transition has clearly resonated with investors, driving the significant pre-market rally in EPAM's stock price. As the market opens, all eyes will be on EPAM to see if this momentum can be sustained throughout the trading session.