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Epam Systems EPAM - News Analyzed: 3,874 - Last Week: 99 - Last Month: 495

↑ EPAM Systems Stands Strong as it Exceeds Q2 Earnings and Revenue Estimates; Acquires NEORIS and Invests in CloudFrame

EPAM Systems Stands Strong as it Exceeds Q2 Earnings and Revenue Estimates; Acquires NEORIS and Invests in CloudFrame
EPAM Systems has been the subject of significant business news recently. The company received several accolades, including recognition for its excellence in AI initiatives by Brandon Hall, and being named one of Newsweek's Top 100 Most Loved Workplaces. In terms of financial performance, it exceeded earnings expectations in Q2 2024, beating estimates on both earnings and revenues. The company also made key investments such as acquiring NEORIS and investing in CloudFrame's Intelligent COBOL Transformation Platform. However, it had to adjust its full-year outlook following mixed Q1 2024 results. EPAM has emphasized its commitment to digital transformation, AI, and advanced analytics. News of expansion in India and the purchase of significant stakes by key investors indicate strong market confidence. However, shareholders had to bear a 68% loss over the last three years. Overall, EPAM maintains a promising standing in the market with its advanced technology and business moves.

Epam Systems EPAM News Analytics from Wed, 22 Nov 2023 08:00:00 GMT to Sun, 15 Sep 2024 08:36:35 GMT - Rating 6 - Innovation 8 - Information 7 - Rumor -2

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