EPAM Systems (EPAM) has witnessed a 12.6% increase in short interest. The company is betting big on India by ramping up hiring as more clients set up GCCs. They have acquired Odysseus to enhance the life sciences value chain with advanced analytics, data methods, and AI. EPAM Systems in the second quarter of 2024 had earnings and revenues that beat estimates, but unfortunately, investors in the company have seen a 68% loss over the last three years. Recognized as a top IT sourcing vendor in the Netherlands and a preferred tech company among young professionals in Colombia, EPAM Systems also has ambitious plans for expansion in India. In recent news, the company's stock rocketed 28%. However, they face hurdles with legacy IT systems impeding digital transformation. Despite some mixed results, EPAM's 2024 Consumer Banking Report has highlighted a high AI success rate, and it has made significant investments in CloudFrame's Intelligent COBOL Transformation Platform, indicating continued focus on innovation.
Epam Systems EPAM News Analytics from Thu, 02 Nov 2023 10:06:17 GMT to Sun, 01 Sep 2024 05:43:14 GMT -
Rating 2
- Innovation 5
- Information 6
- Rumor 2
