EPAM Systems continue to face several mixed signals in the period examined. Despite demonstrating strong footing in innovation with their robust growth in India driven by Global Capability Center (GCC) expansion and recognition as a leader in data modernization from the 2024
IDC MarketScape Report, its returns haven't managed to reflect these advancements. Capital Research Global Investors have reduced their stake in EPAM, and the company is navigating revenue declines as reflected in Q2 2024 Earnings Call Highlights. In terms of acquisitions, EPAM announced an agreement to acquire
First Derivative which expands its global financial services practice, and
NEORIS. It has also expanded in Latin America with acquisition of
Vates. In addition, EPAM got recognition for its best-in-class
AI initiatives and
technological adoption while being named a top company in Europe by LinkedIn and best place to work across the world. Despite these positive developments, shareholders have seen a 68% loss over the past three years. The company also had cutting annual revenue outlook despite beating Q2 revenue and EPS estimates.
Epam Systems EPAM News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Wed, 16 Oct 2024 18:05:08 GMT -
Rating 0
- Innovation 7
- Information 7
- Rumor 3
