EPAM Systems, a leading global provider of digital platform engineering and software development services, is experiencing
robust growth in India supported by global capability centers (GCCs).
BlueOptima and
IDC MarketScape Report have confirmed EPAM's excellence in software development productivity and data modernization services respectively. Furthermore, the company has achieved remarkable performer status in a Swiss IT sourcing study and has been recognized by various platforms as a 'Best Place to Work' globally. Notably, EPAM has made strategic acquisitions like
NEORIS and
Vates, bolstering its position in digital transformation and expanding its reach in Latin America. Financially, the company beat Q2 estimates but later cut its annual revenue outlook. Its AI initiatives and strong fundamentals further enhance its attractiveness as an investment. EPAM has also been investing in modern engineering and scalability for fostering growth in GCCs. While the company has faced some challenges with their stock performance indicated by a 68% loss over the last three years, it continues to be a strong player in the market with steady debt usage and strategic growth plans.
Epam Systems EPAM News Analytics from Tue, 05 Dec 2023 08:00:00 GMT to Thu, 03 Oct 2024 14:02:00 GMT -
Rating -3
- Innovation 7
- Information 8
- Rumor -2
