EPAM Systems, Inc. (NYSE:EPAM) has witnessed turbulent times recently. The company’s stocks took a dive, losing 28%, and their performance lagging compared to the Dow. Despite volatile conditions,
EPAM remains acclaimed as a top IT vendor in Europe. While it recovers, future employees are expected to be AI-literate, meeting the talent demand in AI. The company’s broadening operational base in India hints at a strategy for rapid growth. However,
EPAM has faced criticism due to tough competition and weak financial guidance, as stated by Jim Cramer. The company also experienced shareholder activism during a crucial proxy vote. Despite this, collaborations with organizations like Google Cloud and Baker Hughes signify the company's continuous adaptation and interest in AI and energy sector transformation. Amid the challenges,
EPAM reported strong revenue growth in Q4 of 2024, solidifying its market footing while undergoing strategic acquisitions like NEORIS and First Derivative. While the outlook remains complex, with significant improvements required, many investors and analysts are bullish on the firm’s future growth.
EPAM systems remains committed to its AI-driven solutions and strategic transformations, amplified through collaborations and acquisitions.
Epam Systems EPAM News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Sat, 05 Apr 2025 13:03:08 GMT -
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