Epam Systems (EPAM) has been spotlighted across various news updates. The company outperformed earnings expectations in Q1 2024, reporting
EPS at
$2.46 and upgrading its full-year outlook. However, this positive note was marred by
lowering its full-year guidance due to demand hurdles, causing a dip in stock prices. Analysts from various firms including TD Cowen have
adjusted price targets upwards, reflecting the reduced yet enduring value of EPAM's stocks. EPAM's resilience is visible in its ambitious expansion plans, such as making India its second-largest delivery center, capturing the Latin American market, and its elevation to a Microsoft Globally Managed Enterprise Systems Integrator. Recognized as a top IT sourcing vendor in Europe, Switzerland, the Nordics, and Germany, the firm continues to win acclaim. On the innovation front, EPAM is focusing extensively on AI, seen with its AI-powered DIAL platform for open source, its impressive 96% consumer satisfaction rate with AI and the release of a comprehensive report on consumer banking highlighting AI success. Despite having a robust business model, the company's stock performance appears to be affected by market undervaluation.
Epam Systems EPAM News Analytics from Tue, 26 Sep 2023 07:00:00 GMT to Sun, 12 May 2024 10:40:48 GMT -
Rating -1
- Innovation 6
- Information 8
- Rumor 3
