EPAM Systems Inc

EPAM: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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EPAM Earnings: Enduring Demand Supports Optimistic Organic Growth Outlook; Raised FVE to $210

Eric Compton , Jivyaa Vaidya

May 8, 2025

Narrow-moat EPAM posted strong first-quarter results and raised its full-year guidance. Despite macroeconomic turbulence, revenue growth was supported by resilient AI demand, cross-selling opportunities, and new client wins. Revenue contributions from recent acquisitions remained key topline contributors, though margins continued to stay low as a result.

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EPAM Systems Inc

EPAM Earnings: Enduring Demand Supports Optimistic Organic Growth Outlook; Raised FVE to $210

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