EPAM Systems Inc. has encounters some turbulence in response to lowering its full-year guidance, despite initially beating Q1 EPS estimates. Challenges in demand have also led to reported losses and decrease in share values. However, the company's growth recovery has simply been deferred, not squashed, with its performance also highlighted by key players such as
Piper Sandler, who has set a new price target for the stock at $252.00. Complementing its apparent financial resilience, EPAM is expanding its operations, including acquisitions in Latin America, and bets big on India, with the country named as their second-largest delivery center. Its business success is backed by its employees, as EPAM has been recognized as a 'Best Place to Work' in multiple regions and has maintained the startup spark in a 55,000-employee company. The company's innovation is underpinned by numerous recognitions from IDC Marketscape reports and Gartner. Several ambitious projects reflect their ongoing innovation, such as launching a Composable Suite of Retail Media Accelerators with Google Cloud, recognition as Google Cloud Partner of the year, and significant advancements in AI, including launch of AI-powered DIAL platform. Overall, despite some recent market setbacks, EPAM demonstrates strong fundamentals, resilience, and growth potential.
Epam Systems EPAM News Analytics from Tue, 25 Jul 2023 07:00:00 GMT to Fri, 10 May 2024 16:29:13 GMT -
Rating -2
- Innovation 7
- Information 8
- Rumor 2
