EPAM Systems Announces New Shareholder Return Policy and Increased AI Revenue Targets
EPAM Systems reported third-quarter financial results that exceeded management's previous guidance, outperforming expectations across revenue, profitability, and earnings per share. During the earnings call, leadership highlighted a strong operational performance despite broader market volatility. Looking ahead, the company unveiled a strategic capital allocation plan to return at least 50% of free cash flow to shareholders over the next three years. Additionally, EPAM has raised its long-term growth expectations for AI-native revenue, now targeting $650 million by 2026.
Tickers: $EPAM
Topics: earnings beat EPS profitability revenue growth