EPAM slides on downbeat profit forecast for Q1, FY 2025

EPAM Systems

20/02/2025 15:25

** Shares of software firm EPAM Systems  EPAM.N  fall 13.3%
to $223.90 in early morning trading
    ** EPAM expects adjusted earnings for Q1 to be between $2.22
and $2.32 per share, compared with analysts' estimate of $2.59-
LSEG
    ** Co expects adjusted EPS for FY 2025 to be between $10.45
and $10.75, vs estimates of $11.32
    ** EPAM reports revenue of $1.25 bln in Q4, higher than
expectations for $1.21 bln
    ** Co forecast revenue for Q1 to be between $1.28 bln and 
$1.29 bln, vs estimates of $1.27 bln
    ** Stock had fallen 21.4% in 2024

 (Reporting by Harshita Mary Varghese in Bengaluru)
 ((HarshitaMary.Varghese@thomsonreuters.com))