EPAM Systems Inc (NYSE: EPAM) shares surged 6.93% in pre-market trading on Thursday, following the release of its impressive first-quarter 2025 results and the announcement of significant leadership changes.
The company reported adjusted earnings per share of $2.41, surpassing the analyst consensus estimate of $2.27 by 6.17%. Revenue for the quarter came in at $1.30 billion, beating expectations of $1.28 billion by 1.49% and representing an 11.76% year-over-year increase. EPAM also raised its full-year revenue outlook, demonstrating confidence in its future performance.
Adding to the positive sentiment, EPAM announced a planned leadership succession. Arkadiy Dobkin, the current CEO, will transition to the role of Executive Chairman, while Balazs Fejes has been appointed to become the new President and Chief Executive Officer. This strategic move appears to have been well-received by investors, contributing to the stock's pre-market rally.
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