EPAM Systems Inc has declared its results for Q4 and full year 2024, and they reveal strong revenue growth, leading analysts to adjust their estimates. The company has set goals for revenue growth in 2025 through GenAI investments. Shares, however, have faced volatile performance due to weak guidance predictions for Q1 and FY25, despite surpassing market expectations. Price targets were adjusted by TD Cowen and Guggenheim due to these circumstances.
EPAM's collaboration with Baker Hughes hopes to revolutionize the energy sector with the use of AI. The software provider has also completed acquisitions of NEORIS and First Derivative, signifying strategic growth. With these achievements, EPAM was recognized as a top IT vendor in Europe for the second consecutive year. In addition, they also aim to have 10,000 employees in India by March 2025 with the opening of an Innovation Hub.
While there were earnings calls and updates, there was also personnel news: the CFO of EPAM sold shares worth $277,046.
Epam Systems EPAM News Analytics from Wed, 04 Sep 2024 20:22:22 GMT to Sat, 22 Feb 2025 17:40:18 GMT - Rating 5 - Rumor -4
