AI adoption bets drive EPAM revenue forecast above estimates


FILE PHOTO: Logo of EPAM company is seen on its building in Minsk, Belarus, December 11, 2017. Picture taken December 11, 2017. REUTERS/Vasily Fedosenko/File Photo

(Reuters) - EPAM Systems forecast first-quarter revenue above analysts' expectations and beat quarterly results estimates on Thursday, helped by strong demand for its software services as more businesses invest in deploying AI-linked applications.

The Newtown, Pennsylvania-based company forecast current-quarter revenue in a range of $1.16 billion to $1.17 billion, above analysts' average estimate of $1.15 billion, according to LSEG data.

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