Learn more about EPAM and Google Cloud's Partnership. As a leader in talent development for the past three decades, EPAM's work with Google Cloud has been no exception – changing the ecosystem and inspiring other Global and Regional System Integrators to aim for higher certifications. Since partnering in 2016, the Company has consistently exceeded goals with approximately 2,000 certifications across 1,600 individuals. Additionally, EPAM created a new program called Rainmakers to level up its sales associate ...

Achieving top scores in transformative innovation and account management quality, EPAM leads the Nordic IT market in customer satisfaction  NEWTOWN, Pa. and STOCKHOLM, April 3, 2024 /PRNewswire/ -- Businesses continue to be impacted by growing technology modernization requirements needed to sustain growth and remain competitive, highlighting the need for external IT providers to bring the latest digital transformation services and engineering capabilities. EPAM Systems, Inc. (NYSE: EPAM), a leading digital ...

Investors interested in Computers - IT Services stocks are likely familiar with TaskUs (TASK) and Epam (EPAM) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes companies with positive estimate re ...

Rated as an exceptional performer in service delivery quality, application services, account management quality and general satisfaction by Whitelane Research, EPAM has established itself as a top IT service provider in the Dutch IT sourcing marketNEWTOWN, Pa. and HOOFDDORP, Netherlands, March 12, 2024 /PRNewswire/ -- The strategic utilization of external IT providers has emerged as a dynamic solution for enterprises to achieve flexible business scalability, address talent shortages, sustain growth and boos ...

Investors interested in stocks from the Computers - IT Services sector have probably already heard of TaskUs (TASK) and Epam (EPAM) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with posi ...

Organizations can easily quantify the value of open source and identify areas to fully tap into their open source potential with EPAM's OSPulse™ Enterprise-Level Analytics Open Source DashboardNEWTOWN, Pa., Feb. 22, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced the launch of OSPulse™, an enterprise-level analytics dashboard for monitoring open source engagement within an organization. The dashboard offers an i ...

Market Risks - The company faces significant risks in emerging markets, including economic volatility and foreign exchange risks, which could materially impact revenues and operations [93]. - A majority of the company's revenues are generated in North America and Western Europe, while most personnel are located in lower-cost emerging markets, increasing exposure to currency fluctuations [93]. - The company faces risks from economic downturns in North America and Europe, which could lead to reduced demand for its services and negatively impact revenues and profitability [114]. - The company has significant operations in countries with unstable banking systems, which could lead to potential loss of deposits and liquidity issues [95]. - Changes in tax policies in Belarus and other operational countries could significantly increase operating expenses and affect financial results [101]. - Changes in tax laws and regulations across jurisdictions could materially affect the company's effective tax rate and overall profitability [151]. Competitive Landscape - The competitive landscape is intensifying, with pressure from both offshore IT service providers and large global consulting firms, potentially affecting pricing and market share [96]. - The company must adapt to rapidly changing technologies and evolving industry standards to remain competitive; failure to do so could result in loss of customers and market share [118]. Revenue Dependence and Uncertainty - The company relies heavily on customer contracts, which are generally not long-term, leading to uncertainty in future revenues and profitability [108]. - The potential for customer insolvency or changes in strategic priorities could lead to contract terminations, adversely affecting revenues [109]. - A significant portion of the company's revenues is dependent on five key industry verticals: Financial Services, Software & Hi-Tech, Business Information & Media, Travel & Consumer, and Life Sciences & Healthcare [110]. - The long selling and implementation cycle for services requires substantial resource commitments, which may lead to fluctuations in revenue recognition and affect overall business performance [116]. Compliance and Regulatory Risks - The company is subject to various legal and regulatory requirements, and non-compliance could lead to significant penalties and operational disruptions [105]. - Legislative changes regarding offshore outsourcing and visa regulations could adversely impact the company's ability to deploy personnel effectively [104]. - Compliance with evolving environmental, social, and governance (ESG) regulations may result in increased operational costs and reputational risks [100]. - The company is subject to significant privacy and data protection regulations, including GDPR and California privacy laws, which impose substantial compliance costs and risks of penalties for non-compliance [141]. Intellectual Property and Reputation - The company relies on a combination of intellectual property protections, but may face challenges in enforcing these rights, which could impact its competitive position [125]. - The existence and ownership of intellectual property rights related to generative AI technologies are under review, posing potential legal liabilities for the company [130]. - The company may incur significant costs defending against intellectual property infringement claims, which could divert management attention and resources [129]. - The company’s ability to generate and retain business is closely tied to its reputation in the marketplace, making it vulnerable to negative perceptions [124]. - The company’s reputation is critical for attracting and retaining customers; any damage to its reputation could adversely affect business and financial performance [123]. Cybersecurity and Information Security - The company has faced cybersecurity incidents in the past and expects to continue being targeted by sophisticated attacks, which complicates its ability to defend against evolving threats [135]. - The company must continuously enhance its information security measures, which incurs costs that can reduce profitability [140]. - The company’s ability to monitor third-party suppliers' information security systems is limited, increasing vulnerability to potential breaches [136]. Financial Position and Capital Needs - The company believes its current cash, cash flow from operations, and revolving line of credit are sufficient to meet anticipated cash needs for at least the next twelve months [147]. - The company may require additional capital for future investments or acquisitions, and failure to secure favorable terms could limit growth [147]. Operational Risks - The company faces risks from natural disasters and geopolitical instability that could disrupt operations and negatively impact financial results [150]. - The company’s software development solutions involve high technological complexity, which may lead to undetected design defects or errors that could adversely affect business [144]. - The company’s pricing structures are highly dependent on accurate forecasts and assumptions; inaccuracies could lead to unprofitable contracts and cost overruns [113]. - The company has experienced substantial price volatility in its stock due to variations between actual and anticipated financial results, competitor announcements, and geopolitical events [145].

Report underscores increasing consumer expectations for enhanced digital capabilities, with the emergence of fintech disruptors offering more personalized and convenient digital experiencesNEWTOWN, Pa., Feb. 20, 2024 /PRNewswire/ -- EPAM Continuum, the integrated business, technology and experience consulting practice of EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced the release of its fourth annual Consumer Banking Report, reveali ...

EPAM Systems’ (EPAM) shares gained 8% on Thursday after the company reported better-than-expected fourth-quarter 2023 results. The company’s fourth-quarter non-GAAP earnings of $2.75 per share beat the Zacks Consensus Estimate of $2.51. However, the figure decreased 6.1% year over year.Revenues were $1.16 billion, which surpassed the consensus mark of $1.14 billion. However, the top line declined 6% year over year. On a constant-currency basis, excluding the effect of EPAM's withdrawal from Russia, the top ...

EPAM Systems, Inc. (NYSE:EPAM) Q4 2023 Earnings Conference Call February 15, 2024 8:00 AM ET Company Participants David Straube - Head, Investor Relations Arkadiy Dobkin - President & Chief Executive Officer Jason Peterson - Chief Financial Officer Conference Call Participants Ramsey El Assal - Barclays Bryan Bergin - TD Cowen David Grossman - Stifel Puneet Jain - JPMorgan Maggie Nolan - William Blair Surinder Thind - Jefferies Moshe Katri - Woodburn Securities Darrin Peller - Wolfe Research Sean Kennedy - ...