secwatch.observer — SEC 8-K summary
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Issuer:     EPAM Systems, Inc. (EPAM)
CIK:        0001352010
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001352010-25-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPAM Q1 revenue up 11.7% to $1.302B; raises FY2025 guidance; CEO succession planned
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- Q1 revenue $1.302B (+11.7% YoY); GAAP op income $99.3M (7.6% rev); non-GAAP op income $175.8M (13.5% rev).
- GAAP diluted EPS $1.28 (down $0.69 YoY); non-GAAP diluted EPS $2.41 (down $0.05 YoY).
- FY2025 revenue growth outlook raised to 11.5%-14.5% (reported), 2.0%-5.0% organic constant currency.
- CEO Arkadiy Dobkin to become Executive Chairman; Balazs Fejes named CEO effective Sept 1, 2025.
- Company repurchased $160M shares in Q1; cash & equivalents $1.179B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1352010/000135201025000012/0001352010-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1352010/000135201025000012/epam-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001352010-25-000012

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