There have been a plethora of updates relating to EPAM Systems Inc., lately. The company, along with the IMF, rolled out StatGPT 2.0, enhancing financial data accessibility. In addition, EPAM has witnessed upward revisions in analyst forecasts following its recent earnings beat. The Q3 2024 results showed growing strength, with company shares demonstrating notable gains in the stock market.
Despite some concerns over slowing returns and shares potentially overrunning, EPAM continues to maintain a strong market presence. The company was named a leader in data modernization services in the 2024 IDC MarketScape Report while securing a top spot in the Gartner® Magic Quadrant™ for Custom Software Development Services, Worldwide 2024. EPAM is betting substantially on India, aligning with more clients setting up GCCs in the region. Their acquisition of tech consultancy Neoris and the investment in CloudFrame's Intelligent COBOL Transformation Platform underlines the company's growth strategy. EPAM saw considerable success, beating Q2 estimates and offering promising forecasts for FY 2024. The company's recent moves indicate it is well-poised to capitalize on AI-driven IT spending growth.
Epam Systems EPAM News Analytics from Wed, 10 Jan 2024 08:00:00 GMT to Fri, 15 Nov 2024 10:35:31 GMT - Rating 9 - Innovation 7 - Information 8 - Rumor 2
