Efforts of EPAM Systems Inc. have been met with positive reception in the market as symbolized by its strong stock performance and its recognition as a leader by reliable indicators such as Newsweek's IT Services & Consulting Excellence 1000 Index and the Gartner Magic Quadrant. This has been mainly attributed to its dedicated focus on AI-driven developments, agile cloud solutions, and its rigorous testing of systems. Its enterprising moves like expanding its global financial services practice by acquiring First Derivative drew attention.
Despite a subdued market, Barclays upgraded EPAM to Overweight from Equal Weight, citing its AI-Driven Growth and digital transformation demand. Positive performance in Q3 has encouraged the company to raise its full-year outlook. EPAM's continued expansion was remarkably noted in India with the addition of 2,000 employees within a span of 10 months. Recognizing the need for more inclusivity, new offices were opened in Mexico, Bengaluru, and Chennai.
Nonetheless, not all have viewed EPAM's performance positively with it being named the worst-performing growth stock in 2024. However, as it rationalizes digital content experiences and empowers brand growth through modern engineering, the firm has its sights on a recovery and long-term growth.
Epam Systems EPAM News Analytics from Wed, 17 Apr 2024 07:00:00 GMT to Wed, 08 Jan 2025 22:21:00 GMT - Rating 8 - Innovation 7 - Information 8 - Rumor 5
