Welcome to our dedicated page for Epam Sys news (Ticker: EPAM), a resource for investors and traders seeking the latest updates and insights on Epam Sys stock.
Overview of EPAM Systems, Inc.
EPAM Systems, Inc. (NYSE: EPAM) is a global IT services firm specializing in digital transformation, platform engineering, and software development. Established in 1993, the company has built an impressive reputation for its expertise in digital transformation, software engineering, and advanced consulting services. Leveraging a robust, award-winning global delivery platform, EPAM addresses complex technology challenges for a diverse range of clients worldwide.
Core Business Areas
EPAM delivers a comprehensive suite of services including custom software product development, platform engineering, consulting services, and cloud and AI-enabled transformation solutions. The company’s business model is rooted in its ability to integrate strategy, technology, and engineering execution, ensuring that organizations can accelerate innovation and maintain a competitive edge. Its offerings extend to cutting-edge fields such as artificial intelligence, data analytics, and digital consulting, making it a critical partner for enterprises aiming to navigate modern technological challenges.
Global Delivery and Operational Excellence
With operations in over 20 countries across North America, Europe, Asia, and Australia, EPAM operates through a distributed yet highly integrated delivery model. This enables the firm to provide local engagement with global expertise, ensuring that each client benefits from region-specific insights combined with industry-leading practices. EPAM’s operational approach emphasizes efficiency, quality, and adaptability, making it well-positioned to manage diverse projects ranging from platform engineering to end-to-end digital transformation initiatives.
Innovation and Technical Expertise
The company is renowned for its commitment to innovation, consistently investing in new technologies and engineering methodologies to meet evolving market needs. EPAM harnesses advanced solutions in cloud computing, AI, and emerging technologies to empower its clients. Initiatives such as its GenAI-enabled capabilities and collaborative platforms reflect its ongoing pursuit of integrating next-generation technologies with practical, business-driven applications.
Client-Centric Consulting and Engaged Partnerships
EPAM’s success is driven by a deep commitment to understanding each client’s unique challenges. By offering tailored consulting services, detailed architectural designs, and agile development practices, the company ensures that clients receive customized solutions aligned with their strategic objectives. The firm also strengthens its market position through strategic partnerships and select acquisitions that diversify and enhance its delivery capabilities, reinforcing its role as a trusted advisor in digital transformation journeys.
Market Position and Competitive Landscape
Positioned among the premier global technology firms, EPAM stands out due to its integrated consulting approach and a proven track record in delivering high-quality software product development. Its expansive geographic reach and continuous investment in emerging technologies enable it to compete effectively against established IT giants and niche players alike. The company’s methodological focus on quality, client engagement, and operational excellence helps maintain its resilience in an ever-evolving technology landscape.
Key Differentiators
- Integrated Global Delivery: Combines local expertise with a global reach to optimize project outcomes.
- Technological Agility: Embraces advancements in AI, cloud computing, and data analytics to facilitate innovative solutions.
- Client-Focused Strategies: Prioritizes deep client engagement and customized solutions across diverse industries.
- Strategic Acquisitions: Enhances its service portfolio and market presence through acquisitions that complement its core competencies.
Conclusion
EPAM Systems, Inc. is a highly competent and globally recognized IT services provider that has successfully combined decades of engineering expertise with a forward-thinking approach to digital transformation. Its commitment to excellence and continuous innovation renders it a reliable partner for enterprises aiming to leverage technology for sustained business growth. With a balanced focus on strategy, execution, and technological innovation, EPAM remains a pivotal player in the competitive IT services domain.
EPAM Systems (NYSE: EPAM) has been awarded the 2025 Google Cloud Industry Solutions Partner of the Year Award for Oil and Gas, recognizing their development of an innovative AI-powered geospatial data visualization solution. The company leveraged Google's Gemini models to create a platform that enables natural language spatial queries and automated map feature drawing.
As a Premier level Partner for Google Cloud since 2018, EPAM's solution enhances GIS team efficiency through self-service capabilities and can be applied across manufacturing and supply chain use cases. The company's expertise includes over 2,000 Google Cloud engineers and a recently expanded collaboration to deliver scalable AI solutions for industry transformation.
The award acknowledges EPAM's commitment to creating value and impact through exceptional customer service, particularly in helping clients achieve new levels of efficiency, resilience, and sustainability in the energy sector.
EPAM Systems (NYSE: EPAM) has scheduled its first quarter 2025 earnings conference call for Thursday, May 8, 2025, at 8:00 a.m. ET. The digital transformation services and product engineering company will release its Q1 2025 financial results via press release prior to the call.
Investors can access the live webcast through the company's investor relations website at https://investors.epam.com, with registration required at least 15 minutes before the event. A replay of the webcast will be available in the Investor Relations section for those unable to attend the live presentation.
EPAM Systems reported Q4 2024 revenues of $1.248 billion, up 7.9% year-over-year, with organic constant currency growth of 1.0%. Q4 GAAP diluted EPS increased 8.4% to $1.80, while non-GAAP diluted EPS rose 3.3% to $2.84.
For full-year 2024, revenues grew 0.8% to $4.728 billion, though organic constant currency revenues declined 1.7%. The company received $68.8 million in Polish R&D government incentives. GAAP diluted EPS increased 11.0% to $7.84, and non-GAAP diluted EPS rose 2.5% to $10.86.
Notable acquisitions included NEORIS and First Derivative, expanding EPAM's Latin American presence and financial services capabilities. The company's 2025 outlook projects revenue growth of 10.0-14.0%, with organic constant currency growth of 1.0-5.0%. GAAP diluted EPS is expected between $6.78-$7.08, and non-GAAP diluted EPS between $10.45-$10.75.
EPAM Systems (NYSE: EPAM) has been recognized as the Top IT Vendor in Europe for the second consecutive year by Whitelane Research in their 2024/2025 IT Sourcing Study. The study evaluated over 6,000 unique IT sourcing relationships from nearly 2,300 participants across Europe's top IT spending organizations.
EPAM achieved exceptional performer status across multiple categories, securing top rankings in key areas:
- Service Delivery Quality: Ranked #1 with 84%
- Application Services: 82%
- Account Management Quality: 82%
- General Satisfaction: 81%
- Digital Transformation: 79%
- Transformative Innovation: Ranked #1 with 78%
The company's strong performance extends beyond this recognition, with positive results in previous IT sourcing studies across Germany, Switzerland, the UK, Nordics, Netherlands, and Europe 2024.
EPAM Systems (NYSE: EPAM) announced an expanded collaboration with Baker Hughes as their systems integration partner for digital and AI implementations in the energy sector. The partnership aims to transform workflows, enhance operational efficiency, and deliver innovative solutions for environmental benefits through EPAM's digital engineering capabilities combined with Baker Hughes' energy technology expertise.
The collaboration supports Baker Hughes' 2030 commitment to expand its digital revenue stream and promote sustainable energy development. The partnership will be highlighted at the 2025 Baker Hughes Annual Meeting (AM25) in Florence, Italy, from February 2-4, featuring EPAM's CEO keynote speech, interactive kiosks showcasing EPAM's JenAii™ virtual assistant, and a Tech Talk on AI agents in energy.
EPAM Systems (NYSE: EPAM) has announced it will host a conference call on Thursday, February 20, 2025, at 8:00 a.m. ET to discuss its fourth quarter 2024 financial results. The company will release its financial results before the call. The conference call will be accessible via live webcast on EPAM's investor relations website, with registration required at least 15 minutes before the event. A replay will be available in the Investor Relations section for those unable to attend the live webcast.
EPAM Systems has expanded its strategic partnership with Google Cloud to deliver advanced industry solutions across media and entertainment, energy, and retail sectors. The collaboration will utilize Google Cloud's Vertex AI platform to provide generative AI, legacy modernization, and data analytics capabilities.
The company introduced four new solutions: Video Search and Indexing for media and entertainment, JenAii™ for retail customer assistance, Geospatial Data Visualization for energy sector decision-making, and Talk to Your Data for simplified data analysis. EPAM will leverage its expanded presence in Ibero markets through Neoris acquisition and strengthen financial services offerings across Europe, North America, and APAC through First Derivative acquisition.
EPAM Systems has achieved notable recognition in Newsweek's 2025 Excellence 1000 Index, ranking #754 overall and securing a position in the Top 5 for IT Services and IT Consulting. The index, developed in collaboration with the Best Practice Institute, evaluates companies based on financial responsibility, stakeholder ratings, and social responsibility.
The assessment involved analyzing over half a million data points across multiple criteria, including employee and customer ratings, ESG risk ratings, ISO standards adherence, R&D spending, and Global Compact status. EPAM's recognition highlights its commitment to client service, engineering excellence, and sustainability.
The company has maintained its position as a 'Most Loved Workplace' in Newsweek's Top 100 for four consecutive years. In 2024, EPAM expanded its capabilities through strategic acquisitions of First Derivative, Neoris, Odysseus Data Services, and Vates, enhancing its AI, data-driven solutions, cloud, engineering, testing, and digital services offerings.
EPAM Systems has completed its acquisition of First Derivative, a managed services and consulting business for capital markets with over 1,800 employees worldwide. First Derivative brings extensive expertise in capital markets consulting and technology capabilities, including application development, real-time data platforms, and AI solutions. The acquisition enhances EPAM's financial services delivery capabilities across North America, Europe, and APAC regions. The strategic partnership combines EPAM's digital, AI, cloud, and engineering capabilities with First Derivative's specialized knowledge in financial services and regulated industries. The merged entity aims to deliver comprehensive AI-enabled solutions to clients in banking, capital markets, and financially regulated businesses.
EPAM Systems announced the release of StatGPT 2.0 Platform, developed in collaboration with the International Monetary Fund (IMF) for SDMX sponsor organizations and selected national statistical organizations. The platform, built on EPAM DIAL technology, enables natural language access to global economic and financial data. StatGPT 2.0 was evaluated using eight public datasets and tested by over 100 representatives from SDMX sponsoring institutions. The platform represents an advancement in statistical data management, offering improved efficiency in data queries and user guidance.
FAQ
What is the current stock price of Epam Sys (EPAM)?
What is the market cap of Epam Sys (EPAM)?
What is EPAM Systems, Inc.?
What core services does EPAM offer?
How does EPAM deliver its services globally?
What industries does EPAM serve?
How does EPAM maintain its competitive edge?
What differentiates EPAM’s approach to digital transformation?
How does EPAM integrate new technologies into its offerings?
What role do strategic partnerships and acquisitions play at EPAM?
