Epam Systems raises FY25 EPS view to $10.70-$10.95 from $10.45-$10.75

Consensus $10.49. Raises FY25 revenue view to up 11.5%-14.5% from up 10%-14%. The company said, “Based on the strength of organic constant currency revenue growth in the first half of 2025 and updates to our foreign exchange rate assumptions, the Company raises its expected year-over-year revenue growth rate to now be in the range of 11.5% to 14.5% for 2025. Additionally, the Company now expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 2.0% to 5.0%; For the full year, EPAM continues to expect GAAP income from operations to be in the range of 9.0% to 10.0% of revenues and non-GAAP income from operations to be in the range of 14.5% to 15.5% of revenues; The Company now expects its GAAP effective tax rate to be approximately 25.0% and continues to expect its non-GAAP effective tax rate to be approximately 24.0%; and EPAM now expects GAAP diluted EPS to be in the range of $6.78 to $7.03 and non-GAAP diluted EPS to be in the range of $10.70 to $10.95. The Company now expects weighted average diluted shares outstanding for the year to be 56.5 million.”