Q4 2025 Epam Systems Inc Earnings Call Transcript
Key Points
- EPAM Systems Inc (EPAM) reported strong fourth-quarter results with double-digit revenue growth, including a 5.6% year-over-year organic revenue growth.
- The company generated over $105 million in pure AI-native revenues in Q4, with expectations to scale these revenues to over $600 million in 2026.
- EPAM Systems Inc (EPAM) was recognized as the 2025 Microsoft Innovate with Azure AI Platform Partner of the Year and the 2025 AWS Global Innovation Partner of the Year.
- The company has been named a leader in multiple industry reports, including Gartner's magic quadrant for custom software engineering and Forrester's Wave for modern application development services.
- EPAM Systems Inc (EPAM) has a strong pipeline and expects continued demand for AI-native services, with client budgets remaining relatively intact for 2026.
- EPAM Systems Inc (EPAM) faces complexity in AI deployments, which has led to elongated sales cycles and more stringent procurement processes.
- The company's largest client from Neores is expected to decline, impacting the 2026 organic constant currency growth rate by 1%.
- There is a noted slowness in decision-making at the start of 2026 as clients finalize budgets and establish priorities.
- The company expects a decrease in revenues from its largest client headquartered in Mexico due to economic challenges, including US tariffs.
- EPAM Systems Inc (EPAM) anticipates a modest extension of sales cycles due to the larger scale of AI programs, which may delay project starts.
Good day, everyone. My name is Kahealani and I will be your conference operator today.
At this time, I would like to welcome you to the EPAM's fourth-quarter and full-year 2025 earnings release conference call.
(Operator Instructions)
At this time, I would like to turn the call over to Mike Rowshandel, Head of Investor Relations.
Good morning, everyone, and thank you for joining us today on our fourth-quarter and full-year 2025 earnings call.
As the operator just mentioned, I'm Mike Rowshandel, Head of Investor Relations. We hope you've had an opportunity to review our earnings release we issued earlier today. If you have not, copies are available on epam.com in the investor section.
With me on today's call are Balazs Fejes, CEO and President and Jason Peterson, Chief Financial Officer.
I would like to remind those listening that some of the comments made on today's call may contain forward-looking statements. These statements are
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