EPAM Systems Inc. has presented some compelling statistics for 2024, particularly with its expanding reach in Latin America and India. Despite facing some demand challenges that led to shares plunging, it managed to win top recognitions, including the Google Cloud Partner of the Year Award and being named a leader in IDC Marketscape Reports. However, it's been observed that the company has failed to accelerate returns recently.
The company also invested in CloudFrame's Intelligent COBOL Transformation Platform and reported mixed results for the first quarter of 2024. EPAM Continuum, the business's consumer banking report, highlights AI success, and it also launched an AI-powered DIAL platform. Amid all this, the company was reported to face some challenges ahead and had its stock downgraded because of macro headwinds and growth concerns. The CEO compensation remains acceptable and reports reflect that EPAM Systems helps its employees feel valued, supported, and empowered to excel. Finally, the insurance industry seems to be moving towards a data-driven future and digital modernization, which could potentially involve EPAM's services.
Epam Systems EPAM News Analytics from Tue, 26 Sep 2023 07:00:00 GMT to Sat, 01 Jun 2024 12:28:04 GMT - Rating 1 - Innovation 5 - Information 6 - Rumor -3
