EPAM Systems reported third-quarter revenues of $1.426 billion and GAAP diluted earnings per share of $2.53, an increase of 32.5% year-over-year. The company raised its full-year revenue growth outlook to a range of 3.5% to 3.7%. Additionally, the Board approved a new common stock repurchase program authorizing up to $1.8 billion, replacing the previous $1 billion authorization. EPAM plans to enter a $500 million accelerated share repurchase in early November and committed to returning at least 50% of free cash flow to shareholders annually from 2027 through 2029. EPAM Systems is a global leader in AI transformation engineering and integrated consulting.
