EPAM Systems has taken steps to expand its global presence and market share by acquiring
First Derivative and
NEORIS. The company also plans to double its workforce in India, indicating a major expansion strategy in the region. Additionally, EPAM Systems has made strong moves in the AI market, positioning itself to capitalize on AI-driven IT spending growth by developing an AI/Run™ and investing in
CloudFrame's Intelligent COBOL Transformation Platform. The company's solid performance and commitment to advanced analytics, data methods, and AI have earned it recognition, including being named to
Newsweek’s 2024 Top 100 Most Loved Workplaces and the 2024 Google Cloud Talent Development Partner of the Year Award in North America. Despite these achievements, the stock's recent performance has seen a decline, with shareholders losing 68% over the last three years due to an earnings disappointment. While their Q2 results beat estimates, the overall prospects for the company seem to be declining, causing some investors to consider the stock undervalued. However, analysts forecast that the recent successful adoption of AI may reverse this downturn.
Epam Systems EPAM News Analytics from Thu, 18 Jan 2024 08:00:00 GMT to Fri, 25 Oct 2024 15:55:10 GMT -
Rating -3
- Innovation 6
- Information 4
- Rumor -5
