Over the past year,
EPAM Systems Inc. has gained impressive market traction and demonstrated strong financial performance while also encountering some challenges and fluctuations in stock prices. The company achieved
Platinum Partner status with commercetools and won the
2024 Google Cloud Partner of the Year Award. They've also spearheaded technology initiatives in
India, Latin America, Europe, and Colombia, underlining their growing global influence. However, despite these achievements, it has faced criticism concerning
the CEO's compensation and concerns about
macro headwinds and growth. Furthermore, the company's stock has seen some fluctuations, most prominently when significant numbers of shares were sold by both Pinebridge Investments L.P. and Capital World Investors. Positive notes include the recognition as a 'Best Place to Work' globally and multiple projected growth possibilities, particularly in the AI sector are coupled with a lowering of full-year guidance, which saw stock plunge and was tied to mixed Q1 2024 results. More notable, EPAM has
invested in the CloudFrame's Intelligent COBOL Transformation platform, and
AI-powered DIAL platform for Open Source, showing a push towards modern, innovative solutions.
Epam Systems EPAM News Analytics from Tue, 26 Sep 2023 07:00:00 GMT to Sat, 08 Jun 2024 10:44:07 GMT -
Rating 3
- Innovation 7
- Information 6
- Rumor 2
