EPAM Systems continually proves its safe use of
debt in operations. Investment moves led to
Mather Group LLC acquiring a stake in the company, while organizations like
American International Group Inc reduced their positions. Meanwhile,
Goldman Sachs Group Inc sold a large portion of its shares. EPAM secured recognition as a top IT sourcing vendor in the UK, the Netherlands, and Europe. Innovation remains strong, with introductions like
OSPulse™ and achieving
Platinum Partner status with Commercetools. Despite challenges and a decline in the market, EPAM's
fundamentals appeared sturdy. Their expansion in India and Latin America, coupled with the acquisition of Vates USA, led to an increase in service delivery centers. Global recognitions include topping IDC Marketscape reports and named a 'Best Place to Work' globally. Strategic investments in CloudFrame's platform and its partnership with Microsoft implies forward-thinking. However, lowered full-year guidance resulted in stock plunge. Continued enterprise support for local education initiatives marks noteworthy CSR. EPAM reported mixed results in Q1 2024, but impressive employee experience metrics. Future developments indicate heavy focus on Advanced Analytics, AI, and cultivating a robust work-life balance. Earnings call transcripts indicate sound leadership and robust financial planning. Estimations raised some concerns over AI investments' return rates.
Epam Systems EPAM News Analytics from Tue, 26 Sep 2023 07:00:00 GMT to Sun, 23 Jun 2024 14:36:29 GMT -
Rating -3
- Innovation 9
- Information 7
- Rumor -1
