EPAM Systems has announced multiple strategic movements, including the acquisition of
NEORIS and
Vates, which will significantly boost its digital transformation capabilities. Expansion plans have been unveiled for
India with aims to double the workforce over the next 3-4 years. Furthermore, EPAM continues to develop its AI capabilities, highlighted by collaborations with
Over 50 large GCCs for manpower and product development, and news of an investment into
CloudFrame's Intelligent COBOL Transformation Platform. However, its stocks suffered a
68% loss over the past three years, leading some investors to consider it as potentially undervalued. The company's Q1 2024 results beat expectations, but shares fell following downbeat FY24 guidance with the company citing
demand challenges responsible for lowering full-year guidance. Despite this, analysts still believe the company's fundamentals are strong.
Epam Systems EPAM News Analytics from Wed, 22 Nov 2023 08:00:00 GMT to Mon, 09 Sep 2024 00:00:00 GMT -
Rating -4
- Innovation 6
- Information 8
- Rumor 1
