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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. named Top IT Sourcing Vendor in Switzerland with highest customer satisfaction rankings in multiple categories, according to Whitelane Research. EPAM achieved ratings of 92% in Account Management Quality, 88% in Service Delivery Quality, 86% in Digital Transformation, 84% in General Satisfaction, 84% in Application Services, and 80% in Transformative Innovation. Clients appreciate EPAM's committed account management teams and strong engineering capabilities. This recognition highlights EPAM's ongoing efforts in digital transformation services and product design.
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EPAM Systems becomes a Microsoft globally Managed Enterprise Systems Integrator partner, enabling them to accelerate technology innovation and growth for enterprises through end-to-end solution design and implementation in the cloud.
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EPAM Systems, Inc. has won the 2023 Google Cloud Social Impact Partner of the Year Award for North America. The award recognizes EPAM for its UkraineNow solution, an infrastructure provider hosting critical humanitarian aid data. EPAM was honored for its customer and partner innovation and transformation, addressing global challenges across various industries. The award highlights EPAM's positive and lasting impact on the world in 2022.
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EPAM Systems, Inc. (NYSE: EPAM) reported Q2 revenues of $1.170 billion, down 2.1% year-over-year. GAAP Income from Operations was 12.3% of revenues. Non-GAAP Income from Operations was 16.3% of revenues. Q2 GAAP Diluted EPS was $2.03, an increase of $1.71. Non-GAAP Diluted EPS was $2.64, an increase of $0.26 year-over-year. Full year revenue expectations are now $4.650 billion to $4.700 billion.
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EPAM Systems, Inc. has launched its AI-powered DIAL Orchestration Platform, which combines Large Language Models (LLMs) with deterministic code to provide a secure and customizable AI workbench. The platform enables enterprises to accelerate experimentation and innovation across a range of LLMs, AI-native Applications, and Custom Add-ons. It offers a unified user interface and supports diverse implementation approaches. Portions of DIAL will be released under an Apache 2.0 licensing scheme.
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EPAM Systems has been awarded the 2023 Microsoft U.S. Azure Migration Partner of the Year. The company was recognized for its excellence in innovation and implementing customer solutions using Microsoft technology. EPAM also achieved finalist positions in various categories for its outstanding contributions at Estée Lauder Companies and Ahold Delhaize.
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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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