EPAM Systems Inc (NYSE: EPAM) shares surged 6.93% 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, 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 revenue outlook and announced a planned leadership succession. The company revealed that 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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