Epam Systems Inc
NYSE:EPAM

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Epam Systems Inc
NYSE:EPAM
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Price: 203.6 USD 1.04% Market Closed
Market Cap: 11.2B USD

Epam Systems Inc
Investor Relations

In the midst of the digital transformation wave that continues to sweep across industries, Epam Systems Inc. has carved out a significant niche as a global provider of digital platform engineering and software development services. Founded in 1993, in the Belarusian hinterlands, it wasn't long before the company broke into the international scene, eventually relocating its headquarters to Newtown, Pennsylvania. Epam's ascent reflects a classic story of adaptation and foresight in the ever-evolving tech landscape. Burgeoning through strategic partnerships and acquisitions, the company expanded its footprint across different continents, offering solutions that range from product design and prototyping to complex system architecture and specialized custom software development. Their modus operandi has always been about blending innovation with the technical prowess of their extensive global talent pool, which numbers over 60,000 employees, providing bespoke solutions to a diverse array of industries including finance, healthcare, and retail.

The business model that propels Epam Systems is rooted in the integration of customized software services with cloud computing solutions and digital platform management. Unlike traditional software firms, Epam derives its revenue by focusing on a high-touch, consultative sales model that aligns closely with the digital strategy of its clients. This approach entails deeply embedding with client teams to co-create and fine-tune technological solutions that not only address immediate business needs but also anticipate future challenges. Consequently, Epam’s revenue streams are diversified across consulting, system integration, and platform development projects. The company's client-centric ethos, married to its technical expertise, allows it to charge a premium for the value it delivers—sustaining its growth trajectory even as the market landscape becomes fiercely competitive.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Revenue Beat: EPAM posted Q3 revenue of $1.394 billion, up 19.4% year-over-year, exceeding the high end of guidance.

Organic Growth: Organic constant currency revenue grew 7.1% YoY, marking the fourth consecutive quarter of positive organic growth.

Profitability: Gross margin fell to 29.5% from 34.6% YoY, partly due to higher variable comp and lower profitability in recent acquisitions.

AI Momentum: Strong double-digit sequential growth in AI-native revenues continues, with a majority of top clients highly engaged in AI projects.

Guidance Raised: Full-year 2025 revenue and organic growth guidance were raised, with revenue now expected between $5.0 and $5.45 billion and organic constant currency growth at 4.6% midpoint.

Shareholder Return: Announced new $1 billion share repurchase program.

Strategic Investments: Ongoing investments in AI upskilling, proprietary tooling, and differentiated offerings to maintain competitive edge.

Key Financials
Revenue
$1.394B
Organic Constant Currency Revenue Growth
7.1%
Gross Margin
29.5%
Income from Operations
$145M (10.4% of revenue)
Diluted EPS
$1.91
Free Cash Flow
$286M
Cash and Cash Equivalents
just over $1.2B
Headcount
62,350
Utilization
76.5%
Share Repurchases
493,000 shares for $82M
Earnings Call Recording
Other Earnings Calls

Management

Mr. Arkadiy Dobkin
Co-Founder, Chairman, CEO & President
No Bio Available
Mr. Balazs Fejes
President of Global Business & Chief Revenue Officer
No Bio Available
Mr. Victor Dvorkin Ph.D.
Senior VP and Head of Global Engineering, Cloud & Platforms
No Bio Available
Mr. Yuriy Goliyad
Head of Global Operations & Senior VP
No Bio Available
Mr. Gary Abrahams
VP, Corporate Controller & Chief Accounting Officer
No Bio Available
Mr. David Straube
Head of Investor Relations
No Bio Available
Mr. Philip Storm
Senior VP & Chief Compliance Officer
No Bio Available
Ms. Elaina Shekhter
Chief Marketing & Strategy Officer and SVP
No Bio Available
Mr. David Scott
Senior Vice President of Business Solutions
No Bio Available
Mr. Mark Bisker
Senior Vice President of Banking & Financial Services
No Bio Available

Contacts

Address
PENNSYLVANIA
Newtown
41 University Dr Ste 202
Contacts
+12677599000.0
www.epam.com