EPAM Systems, Inc. (EPAM) had a tough year in 2024, being labelled as the 'worst-performing growth stock'. The State of Alaska Department of Revenue and Capital Research Global Investors decreased their holdings in the company. However, positive developments have taken place. EPAM completed its acquisition of NEORIS and has also announced an agreement to acquire First Derivative, thus expanding their Global Financial Services Practice. This proves their commitment to PL offering more complete solutions for their customers. The company has successfully opened new offices in Georgia, Spain, and India, creating more job opportunities and expanding its services around the globe. Despite a rather poor performance and revenue declines, investment management groups continue to buy and show faith in EPAM. It closed 2024 with purchases from Diversify Wealth Management LLC, Raymond James and Associates, and Allspring Global Investments Holdings LLC. Also, management has confirmed that they have plans for major expansion in India with the aim double the workforce in 3-4 years. EPAM managed to end the year on a high note, earning recognition as a 'Best Place to Work' by Glassdoor, Built In and kununu.
Epam Systems EPAM News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Sat, 02 Nov 2024 08:15:42 GMT -
Rating -3
- Innovation 3
- Information 5
- Rumor -3
