Epam Sys Inc Stock Price, News & Analysis

EPAM Systems has achieved platinum status in the Adobe Solution Partner Program, positioning itself in the top 15% of solution providers. This recognition comes from delivering exceptional customer satisfaction and executing numerous successful Adobe Experience Cloud deployments, boasting over 300 certified Adobe specialists. The partnership reflects EPAM's commitment to enhancing digital experiences through innovative, omni-channel solutions. EPAM has collaborated with Adobe since 2010, establishing a strong track record of customer success in digital transformation.

EPAM Systems (NYSE: EPAM) will hold an Investor Day on May 19, 2022, in Boston, Massachusetts, for financial analysts and institutional investors. The event will provide insights into the company’s strategies and performance. Interested parties can access the webcast at their investor site. EPAM has been recognized for its digital transformation services and was included in the S&P 500 and Forbes Global 2000.

EPAM Systems reported first quarter revenues of $1.172 billion, reflecting a significant 50.1% increase year-over-year. GAAP income from operations was 11.0% of revenues, while Non-GAAP income was 16.1%. GAAP diluted EPS decreased by 18.3% to $1.52, yet Non-GAAP diluted EPS rose by 37.6% to $2.49. For the upcoming second quarter, EPAM forecasts revenues of at least $1.140 billion and GAAP diluted EPS of at least $0.73. The company emphasizes its resilience amidst global challenges and plans to diversify its global delivery network.

EPAM Systems (NYSE: EPAM) will host an Investor & Analyst Day on May 19, 2022, in Boston, Massachusetts. The event is aimed at financial analysts and institutional investors, requiring advanced registration for attendees. Participants can join the event either virtually or in-person, with registration available through the company's website. A webcast will also be provided, ensuring accessibility for all interested parties. EPAM, recognized for its contributions to digital transformation and product engineering, has been a part of the S&P 500 and Forbes Global 2000.

EPAM Systems has launched the EPAM Ukraine Assistance Fund to provide direct relief to vulnerable individuals in Ukraine. This initiative complements the company’s prior commitment of $100 million for humanitarian efforts. The fund, operated with Renaissance Charitable Foundation, aims to collect and distribute tax-deductible donations for urgent needs, including medical supplies and shelter. EPAM’s close ties to Ukraine, with over 14,000 employees from the region, inform their strategy for effective assistance. Additional details about donating are available on their website.

EPAM Systems, Inc. (NYSE: EPAM) has scheduled a conference call for 8:00 a.m. ET on May 5, 2022, to discuss its first quarter 2022 financial results. A news release with these results will be issued prior to the call. Investors can access the conference call via the Investor Relations section of the company's website or by phone. A replay will be available afterwards until May 12, 2022. EPAM is recognized as a leader in digital transformation services, serving clients across more than 40 countries.

EPAM Systems, Inc. (NYSE: EPAM) expresses full support for Ukraine, condemning the ongoing attacks. The company is discontinuing services in Russia while aiding customers in the transition. A humanitarian commitment of $100 million is announced to support employees in Ukraine. EPAM is implementing business continuity plans and ramping up hiring in Central and Eastern Europe, Latin America, and India. Operating in over 40 countries, EPAM aims for consistent service delivery despite the challenges posed by the geopolitical situation.

EPAM Systems (NYSE: EPAM) announced the withdrawal of its Q1 and full-year 2022 financial outlook due to uncertainties arising from military actions in Ukraine. The company prioritizes employee safety, actively relocating personnel from Ukraine to safer locales. Despite these challenges, EPAM remains operational in over 40 countries, focusing on business continuity and accelerating hiring in Central and Eastern Europe, Latin America, and India. The firm emphasizes its commitment to delivering high-quality services globally and continues to evaluate long-term growth opportunities amid the ongoing crisis.