EPAM Systems, Inc. (EPAM) has generated a significant buzz in the market recently. Its growth strategy in India and expansion in Latin America highlight its geographic diversification efforts. The company has secured recognition as a top IT sourcing vendor in the UK, Netherlands, Colombia, and the Nordics, implying its strong footing in overseas markets. It also bagged Google Cloud Talent Development Partner of the Year Award, an impressive feat that showcases its technological prowess. Despite demand challenges, resulting in EPAM shares dropping, Price T Rowe Associates and Jefferies show significant interest in the company, indicating its strong fundamentals. Its efforts towards facilitating AI-backed innovations and digital transformation are particularly notable, though its role as an 'AI friend or foe' remains a topic of discussion. EPAM's Q1 2024 earnings beat expectations, yet it lowered its full-year guidance causing shares to fall. However, given its sound financial performance in the past, investment in EPAM five years ago would have yielded a 63% gain. EPAM's launch of Composable Retail Media Accelerators with Google Cloud also demonstrates its technological capability and forward-looking strategies.
Epam Systems EPAM News Analytics from Thu, 02 Nov 2023 10:06:17 GMT to Sat, 03 Aug 2024 14:27:44 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor 4
