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EPAM SYSTEMS, INC. - EPAM STOCK NEWS

Welcome to our dedicated page for EPAM SYSTEMS news (Ticker: EPAM), a resource for investors and traders seeking the latest updates and insights on EPAM SYSTEMS stock.

EPAM Systems, Inc. (NYSE: EPAM) is a global leader in software product development, digital platform engineering, and technology consulting based in the United States. Established in 1993, EPAM has built a reputation for excellence, recognized by independent research agencies and industry leaders globally. The company operates in over 20 countries across North America, Europe, Asia, and Australia, delivering innovative solutions to clients worldwide.

EPAM's core offerings include digital and cloud engineering, AI-enabled transformation services, and comprehensive business and experience consulting. The company's largest market is North America, accounting for approximately 60% of its revenues. EPAM has expertise in emerging technologies like artificial intelligence, virtual reality, and robotics, helping businesses stay ahead in a rapidly evolving tech landscape.

Recent achievements highlight EPAM's strong market position. The company was added to the S&P 500 and the Forbes Global 2000 in 2021 and has been recognized by Glassdoor as a Best Workplace in 2023 and 2024. EPAM's multidisciplinary teams, comprising consultants, architects, designers, and engineers, serve clients across six continents, ensuring local engagement and global delivery.

EPAM continues to expand its capabilities through strategic acquisitions and partnerships. Notably, the acquisition of Vates S.A. in 2024 bolstered EPAM's software development portfolio and enhanced its delivery capabilities in Latin America. Additionally, EPAM has been honored with several industry awards, including the 2024 Google Cloud Talent Development Partner of the Year Award in North America, reflecting its commitment to innovation and excellence in talent development.

Financially, EPAM has demonstrated resilience and adaptability, navigating volatile market conditions and refining its growth strategies. The company focuses on harmonizing delivery quality, optimizing cost-effectiveness, and leveraging its extensive experience in data, engineering, and consulting to capitalize on opportunities in the AI space. EPAM supplements its GAAP results with non-GAAP financial measures to provide a clearer picture of underlying business trends and performance.

EPAM's latest project, OSPulse™, an enterprise-level analytics dashboard, showcases the company's continuous innovation. OSPulse™ helps organizations monitor open source engagement, offering valuable insights for strategic decision-making. EPAM's commitment to the open source community is reflected in its extensive contributions and initiatives like the Open Source Contributor Index (OSCI), furthering technological innovation and community engagement.

For more information about EPAM Systems, visit www.epam.com.

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EPAM Systems, Inc. (NYSE: EPAM) will host a conference call on February 15, 2024, to discuss its fourth quarter 2023 financial results. The conference call will be live on the EPAM website at https://investors.epam.com. A news release containing these results will be issued before the call, and a replay will be available for those who cannot attend the live webcast.
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EPAM Systems, Inc. (NYSE: EPAM) has been rated as a top employer in multiple locations worldwide by Glassdoor, Built In, and kununu. The company's commitment to creating a culture that fosters trust, inclusivity, and adaptability has been recognized, with Larry Solomon, SVP, Chief People Officer at EPAM, expressing pride in the recognitions. EPAM aims to continue offering quality employee experiences through flexible work opportunities, competitive rewards, meaningful projects, and continuous learning programs.
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EPAM Systems, a leading digital transformation services and product engineering company, has announced the launch of its AI-powered DIAL Open Source Platform (NYSE: EPAM). The platform enables developers to build custom applications, experiment with new use cases, and develop innovative implementations. It is designed to address the growth, governance, supervision, and unification of corporate LLM-centric ecosystems, supporting over 500 use cases and simplifying the interaction between different software applications developed by various vendors.
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EPAM Systems, Inc. (NYSE: EPAM) has been recognized as a Leader in custom software development services by Gartner, showcasing its strength in pioneering generative AI and providing end-to-end digital services for global enterprises.
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EPAM Systems, Inc. (NYSE: EPAM) leads German IT market in customer satisfaction, achieving top scores in transformation innovation, service quality, and delivery. Recognized as a Top IT Sourcing Vendor in Germany by Whitelane Research, EPAM received high customer satisfaction rankings across multiple industry sectors and evaluation criteria.
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EPAM Systems, Inc. (NYSE: EPAM) released a report revealing that only 13% of senior technology and people leaders are satisfied with their talent development and retention strategies. The report addresses the challenges of hiring, developing, and retaining technology talent in the highly competitive tech industry.
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EPAM Systems, Inc. reported third quarter revenues of $1.152 billion, down 6.1% YoY. GAAP Income from Operations was 9.9% of revenues and Non-GAAP Income from Operations was 17.0% of revenues. EPAM initiated a Cost Optimization Program expected to deliver over $100 million in annualized savings. For the full year, EPAM narrows expected revenues to be in the range of $4.663 billion to $4.673 billion, narrows expected GAAP Diluted EPS to be in the range of $7.07 to $7.15, and increases expected Non-GAAP Diluted EPS to now be in the range of $10.31 to $10.39. For the fourth quarter, EPAM expects revenues to be in the range of $1.130 billion to $1.140 billion, GAAP Diluted EPS to be in the range of $1.67 to $1.75, and Non-GAAP Diluted EPS to be in the range of $2.47 to $2.55.
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Global clients will benefit from enhanced collaboration in cloud engineering to scale cloud-native development and solve complex business challenges with AI.
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Gero, a biotechnology company focused on aging and chronic diseases, has closed a $6M Series A extension round. The funding will support Gero's internal drug development programs, platform technology development, and US expansion. The round was led by Melnichek Investments, with participation from VitaDAO and Leonid Lozner. Gero aims to find novel cures for age-related diseases by analyzing real-world human health data using AI tools. The company has also announced a research collaboration with Pfizer.
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EPAM Systems to host conference call to discuss Q3 2023 financial results
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FAQ

What is the current stock price of EPAM SYSTEMS (EPAM)?

The current stock price of EPAM SYSTEMS (EPAM) is $235.29 as of November 15, 2024.

What is the market cap of EPAM SYSTEMS (EPAM)?

The market cap of EPAM SYSTEMS (EPAM) is approximately 13.3B.

What services does EPAM Systems provide?

EPAM Systems offers digital platform engineering, software development, AI-enabled transformation services, and business and experience consulting.

Where is EPAM Systems headquartered?

EPAM Systems is headquartered in the United States.

What markets does EPAM serve?

EPAM serves clients worldwide, with its largest market being North America.

How long has EPAM Systems been in business?

EPAM Systems has been in business since 1993.

What recent acquisitions has EPAM made?

EPAM recently acquired Vates S.A., enhancing its software development capabilities and presence in Latin America.

What are some of EPAM Systems' latest innovations?

EPAM's latest innovations include OSPulse™, an enterprise-level analytics dashboard for monitoring open source engagement.

What awards has EPAM Systems won recently?

EPAM was awarded the 2024 Google Cloud Talent Development Partner of the Year Award in North America and recognized by Glassdoor as a Best Workplace in 2023 and 2024.

How does EPAM ensure quality and cost-effectiveness?

EPAM focuses on harmonizing delivery quality, optimizing cost-effectiveness, and leveraging its extensive experience in data, engineering, and consulting.

How does EPAM contribute to the open source community?

EPAM actively engages in the open source community through projects like OSPulse™ and the Open Source Contributor Index (OSCI).

Where can I learn more about EPAM Systems?

You can learn more about EPAM Systems by visiting their website at www.epam.com.

EPAM SYSTEMS, INC.

NYSE:EPAM

EPAM Rankings

EPAM Stock Data

13.33B
56.72M
3.39%
92.04%
1.23%
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