EPAM Systems (EPAM) – a top-rated IT vendor in Europe, and Netherlands, according to Whitelane Research – faces shareholder activism amid a proxy vote solicitation. Lowered earnings and downwards trending investor returns have resulted in shedding $450 million in value. Recently, company President of Global Business & Chief Revenue Officer, Balazs Fejes, sold a portion of his holdings. EPAM's India-tech hub has grown rapidly, with the company expecting its India employees to reach 10k by March 2025. Critical collaborations with Google Cloud and Baker Hughes are aimed at delivering scalable AI solutions and transforming the energy sector, respectively. Additionally, EPAM announced agreements to acquire NEORIS and First Derivative to further diversify its financial services practice. Regardless of recent weak guidance and slight stock devaluation, several market analysts believe that EPAM is set for strong future growth, fuelled by its dedication to advanced AI implementations, robust growth in India, significant internal staff additions, and strategic acquisitions.
Epam Systems EPAM News Analytics from Mon, 03 Jun 2024 12:49:38 GMT to Sat, 29 Mar 2025 22:43:30 GMT -
Rating 2
- Innovation 7
- Information 8
- Rumor -1
