Profile
Sector:
TechnologyIndustry:
Information Technology ServicesCountry:
United StatesIPO:
08 February 2012Website:
http://www.epam.comNext earnings report:
14 February 2025Last dividends:
N/ANext dividends:
N/APrice
pre-market | 10 min agoDividend
Analysts recommendations
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EPAM Latest News
EPAM Systems' results for the third quarter of 2024 show good performance in both revenue and profits, thanks to steady growth in its different business areas.
Divya Goyal, an analyst at Scotiabank, has kept a Hold rating on the software company EPAM Systems, Inc. with a target price of $245.
On Thursday, EPAM Systems (EPAM) saw its shares rise nearly 15%, making it the best performer in the S&P 500 for the day. This increase followed the company's announcement of earnings that exceeded expectations and an improved forecast for the entire year.
EPAM Systems, Inc. (NYSE:EPAM) will hold its Q3 2024 Earnings Call on November 7, 2024, at 8:00 AM ET. Key participants from the company include Mike Rowshandel, Arkadiy Dobkin, and Jason Peterson. The call will also feature analysts from various financial institutions, and Bella will be the conference operator.
In the third quarter, EPAM Systems reported revenues of $1.168 billion, which is a 1.3% increase compared to the same period last year. The company also saw a rise in GAAP diluted EPS to $2.37, up by $0.72, and non-GAAP diluted EPS to $3.12, an increase of $0.39 year-over-year. For the full year, EPAM has raised its revenue expectations to between $4.685 billion and $4.695 billion, along with higher projected EPS figures.
EPAM has improved its delivery capabilities in Latin America and Europe by acquiring NEORIS, a global technology consultancy based in Miami with around 4,800 professionals. This acquisition aims to increase client value in important industries. The sellers of NEORIS are Advent International, a major private equity investor, and Cemex, a worldwide building materials company.
EPAM Systems, Inc. (NYSE: EPAM), a top company in digital transformation and product engineering, has been named a Leader in the Magic Quadrant™ for Custom Software Development Services by Gartner. This recognition highlights the company's strong vision and execution capabilities. The announcement was made on October 29, 2024, in Newtown, Pennsylvania.
NEWTOWN, Pa., Oct. 8, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a top company in digital transformation services and product engineering, will hold a conference call at 8:00 a.m.
The strategic acquisition will improve skills in capital markets, banking operations, and asset servicing, which will enhance client services worldwide. This move is set to strengthen offerings for clients globally. The announcement comes from Newtown, Pennsylvania, and Newry, Northern Ireland.
BlueOptima's report shows that over 76.5% of EPAM's lead developers perform better than global productivity and quality benchmarks. As companies turn to outsourcing to speed up their digital transformation, it is important to grasp software development productivity and quality to improve development processes and make smart outsourcing choices.
What type of business is EPAM Systems?
EPAM Systems, Inc. is an information technology company that specializes in software development, outsourcing, e-commerce, relationship management, and content management solutions. The company is the largest producer of custom software, a consulting specialist, and a resident of the Belarus High-Tech Park. EPAM Systems, Inc. has offices in 25 countries around the world. The company was founded in 1993 and is headquartered in Newtown, Pennsylvania.
What sector is EPAM Systems in?
EPAM Systems is in the Technology sector
What industry is EPAM Systems in?
EPAM Systems is in the Information Technology Services industry
What country is EPAM Systems from?
EPAM Systems is headquartered in United States
When did EPAM Systems go public?
EPAM Systems initial public offering (IPO) was on 08 February 2012
What is EPAM Systems website?
https://www.epam.com
Is EPAM Systems in the S&P 500?
Yes, EPAM Systems is included in the S&P 500 index
Is EPAM Systems in the NASDAQ 100?
No, EPAM Systems is not included in the NASDAQ 100 index
Is EPAM Systems in the Dow Jones?
No, EPAM Systems is not included in the Dow Jones index
When was EPAM Systems the previous earnings report?
No data
When does EPAM Systems earnings report?
The next expected earnings date for EPAM Systems is 14 February 2025