EPAM Eyes Revenue Rebound with +12% YoY Growth in 2025

EPAM Systems (NYSE: EPAM) is set to see revenue grow +12% year-on-year in 2025, according to Visible Alpha consensus, as the U.S. engineering services firm rebounds from a period of sluggish growth. Over the past two years, EPAM’s growth was hampered by a challenging macroeconomic backdrop that squeezed IT budgets. However, the company’s push to diversify its workforce—now with more than 10,000 employees in India—is helping to win back business lost in 2023 due to disruptions tied to the Russia-Ukraine conflict.

EPAM’s Financial Services segment is projected to grow +16% in 2025, bolstered by the recent acquisition of First Derivative. Emerging Verticals, which includes services rendered to sectors such as energy & utilities, telecommunication, among others is expected to see the sharpest growth at +21%. The segment, which accounted for 12% of EPAM’s revenue in 2021, is estimated to account for 17% of revenue in 2025, making it the company’s fastest-growing segment. Other divisions—including Travel & Consumer, Software & Hi-Tech, Business Information & Media, and Life Sciences & Healthcare—are also expected to post strong double-digit gains.