12:17 PM EST, 02/20/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

EPAM Systems ( EPAM ) shares were down 15% in recent Thursday trading after the company reported higher Q4 results that surpassed analyst expectations, but Q1 and 2025 non-GAAP diluted EPS outlook fell short.

The company reported Q4 non-GAAP earnings of $2.84 per diluted share, up from $2.75 a year earlier.

Analysts polled by FactSet expected $2.75.

Revenue for the quarter ended Dec. 31 was $1.25 billion, up from $1.16 billion a year earlier.

Analysts surveyed by FactSet expected $1.21 billion.

EPAM ( EPAM ) said it expects Q1 non-GAAP diluted EPS of $2.22 to $2.32 on revenue of $1.28 billion to $1.29 billion. Analysts polled by FactSet expect $2.59 and $1.26 billion, respectively.

The company said it expects 2025 non-GAAP diluted earnings per share of $10.45 to $10.75. Analysts surveyed by FactSet expect $11.29.

Revenue for the current year is projected to grow 10% to 14%, the company said.

Price: 219.47, Change: -38.64, Percent Change: -14.97