Overview

* Epam ( EPAM ) Q2 revenue rises 18% yr/yr, beating analyst expectations, per LSEG data

* Non-GAAP diluted EPS for Q2 beats consensus, rising to $2.77, per LSEG data

* Co raises full-year revenue growth outlook to 13-15% for 2025

Outlook

* EPAM ( EPAM ) raises full-year revenue growth forecast to 13%-15%

* Company expects Q3 revenue between $1.365 bln and $1.380 bln

* EPAM ( EPAM ) sees full-year GAAP diluted EPS $6.48-$6.64

* Company anticipates Q3 non-GAAP diluted EPS $2.98-$3.06

Result Drivers

* AI SOLUTIONS - Co attributes strong performance to demand for AI-led solutions and modernization efforts, per CEO Arkadiy Dobkin

* CLIENT PORTFOLIO - Distinct client portfolio with no material exposure to traditional legacy outsourcing services seen as a strength

* ORGANIC GROWTH - Sequential organic growth and AI momentum cited as key drivers for revenue increase, per President Balazs Fejes

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $1.35 $1.33

Revenue bln bln (13

Analysts

)

Q2 Beat $2.77 $2.61

Adjusted (15

EPS Analysts

)

Q2 EPS $1.56

Q2 Beat $202.90 $192.50

Adjusted mln mln (12

Income Analysts

from )

Operatio

ns

Q2 $126.50

Income mln

from

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the it services & consulting peer group is "buy"

* Wall Street's median 12-month price target for Epam Systems Inc ( EPAM ) is $215.00, about 29.6% above its August 6 closing price of $151.31

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)