Tech company EPAM Systematically Adjusts Yearly Predictions, Unveils New CEO Appointment
New and Improved Article:
EPAM Systems is shaking things up with a leadership change coming September 1st, 2025. Current CEO, Arkadiy Dobkin, is stepping down to become the Executive Chairman. Balazs Fejes, currently EPAM's President of Global Business and Chief Revenue Officer, has been tapped to take the reins as President and CEO.
Dobkin's move to Executive Chairman means he can concentrate on strategic initiatives and preserving EPAM's core values, while Fejes, the incoming CEO, will guide the company into the future, building on its legacy of innovation in digital transformation services and digital platform engineering.
EPAM has enjoyed consistent growth under Dobkin's leadership, growing from a small New Jersey startup to a globally recognized entity listed on the NYSE, S&P 500, and Forbes Global 2000. While specific revenue figures and earnings per share (EPS) forecasts aren't explicitly provided in recent announcements, Fejes's current role overseeing global business and revenue generation hints at a commitment to revenue and earnings expansion moving forward.
In Q1 of 2025, EPAM reported revenue of $1.30 billion, beating estimates, and posted an adjusted profit per share of $2.41 for the period ending March 31st. The company also forecast higher-than-expected revenue and adjusted profit per share for Q2.
EPAM made a strategic move in late 2024 by acquiring FD Technologies' consulting unit, aiming to boost its presence in artificial intelligence-driven financial services. As EPAM continues to evolve, its focus on innovation and growth seems poised to continue under its new leadership team.
- EPAM Appoints Balazs Fejes as CEO to Succeed Arkadiy Dobkin
- EPAM Systems Q1 2025 Earnings Release
- EPAM Systems Investor Relations
- FT Technologies Consulting Unit Sold to EPAM Systems
- Balazs Fejes, the incoming CEO of EPAM Systems, will focus on utilizing technology to drive innovation and growth in the finance and investing sector, continuing the company's legacy of excellence in digital transformation services and digital platform engineering.
- As EPAM Systems forges ahead into the future, its strengthened focus on technology and its new leadership team are expected to explore opportunities in the business world for increased revenue and earnings expansion, particularly in areas such as artificial intelligence-driven financial services.
