BUZZ-EPAM Systems soars after lifting FY revenue, profit forecasts

Reuters
08 May
BUZZ-EPAM Systems soars after lifting FY revenue, profit forecasts 

** Shares of software firm EPAM Systems EPAM.N rise 15.5% to $183.96

** Co expects 2025 revenue growth in the range of 11.5% to 14.5%, up from the previous range of 10% to 14%

** EPAM expects full-year adjusted earnings per share in the range of $10.70 to $10.95, compared with its prior forecast of $10.45 to $10.75

** Analysts' on average expect annual profit of 10.5 per share, according to data compiled by LSEG

** Co also beat Wall Street estimates for first quarter profit and revenue

** Including session's moves, EPAM stock down 21.3% YTD

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com))

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