We have put together a list of the 10 IT services stocks that analysts believe are currently underperforming but could be worth buying. In this article, we will examine how EPAM Systems, Inc. (NYSE:EPAM) compares to other stocks in the IT services sector. This industry includes a variety of technology-based solutions, such as consulting and software development.
EPAM's results for the fourth quarter show strong performance in Financial Services, Software & Hi-Tech, Life Sciences, and Emerging sectors, but this is balanced out by weaker results in Business Information and Travel & Consumer.
On Thursday, February 20, the S&P 500 dropped by 0.4%, pulling back from the record highs it had reached in the previous two days.
EPAM Systems, Inc. (NYSE:EPAM) will hold its Q4 2024 Earnings Conference Call on February 20, 2025, at 8:00 AM ET. The call will feature company representatives, including Mike Rowshandel, Arkadiy Dobkin, and Jason Peterson, along with various conference call participants from different financial institutions. To minimize background noise, all lines have been muted.
In the fourth quarter of 2024, EPAM Systems, Inc. reported revenues of $1.248 billion, which is a 7.9% increase compared to the previous year. The company's GAAP income from operations was 10.9% of revenues, while the Non-GAAP income was 16.7%. For the entire year of 2024, revenues reached $4.728 billion, showing a 0.8% growth year-over-year.
In addition to looking at analysts' estimates for Epam's (EPAM) revenue and earnings, it's important to assess predictions for some of its main metrics. This will help us understand how the company may have performed in the quarter that ended in December 2024.
Epam (EPAM) lacks the right mix of two important factors that could lead to a strong earnings report in the near future. Be ready for the main expectations.
EPAM Systems, Inc. has been recognized as the Top IT Vendor in Europe, achieving 'exceptional performer' status in several categories according to Whitelane Research, an independent organization that studies IT sourcing in Europe. This recognition highlights EPAM's position as a leading provider in the European IT sourcing market. The announcement was made on February 5, 2025, in Newtown, Pennsylvania.
Collaboration will shape and enhance global energy efficiency using advanced digital solutions. On February 1, 2025, EPAM Systems, Inc. (NYSE: EPAM), a top company in digital transformation and product engineering, revealed a deeper partnership with Baker Hughes to transform the energy industry.
EPAM is quickly growing in the new AI field by forming partnerships and making acquisitions, which positions it well for success in 2025 and the future.