There have been significant developments around
EPAM Systems (EPAM), primarily with respect to its financial situation, expansion plans, and service provisions. Insiders of the company, including the
CFO and
SVP, have recently sold large amounts of stock. Despite the
insider selling, various institutions have significantly increased their stakes such as
Barclays PLC, Stifel Financial Corp, Quantinno Capital Management LP, and Wellington Management LLP. Furthermore, EPAM completed the
acquisition of NEORIS and
First Derivative, expanding its financial services globally. The company's
Q3 2024 financial earnings surpassed expectations, leading to an increase in annual forecasts and positive forecasts. It aims to drive growth through
modern engineering and scalability and strengthens its position in AI innovation and custom software development services worldwide. EPAM has also revealed substantial expansion plans in India and intends to strengthen its workforce there. Lastly, EPAM's focus on
AI-driven solutions, AI adoption, and digital transformations further consolidates its strong fundamentals.
Epam Systems EPAM News Analytics from Wed, 17 Apr 2024 07:00:00 GMT to Sat, 14 Dec 2024 22:04:53 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor 3
