Welcome to our dedicated page for Epam Sys news (Ticker: EPAM), a resource for investors and traders seeking the latest updates and insights on Epam Sys stock.
EPAM Systems, Inc. (NYSE: EPAM) regularly issues news and press releases that highlight its role in digital engineering, cloud and AI-enabled transformation services, and business and experience consulting. The EPAM news stream features updates on AI platforms, cloud partnerships, regional initiatives and corporate developments that shape how the company presents its strategy and capabilities to the market.
Recent announcements emphasize EPAM’s focus on AI-native transformation, including the AI/Run™.Transform Playbook, AI/Run™.Tools such as Agentic QA™, and AI agents published on Google Cloud Marketplace. These releases describe how EPAM uses AI and generative AI to support enterprise-wide transformation, accelerate software development and address industry-specific challenges in sectors such as finance, healthcare, retail and more.
EPAM’s news also covers its partnerships and recognition in the cloud ecosystem, such as being named AWS Global Innovation Partner of the Year and expanding a 360-degree collaboration with Google Cloud. Additional items include regional developments like the EPAM NEORIS brand in Ibero-America, which brings together EPAM’s global engineering and AI expertise with local delivery capabilities in Spanish- and Portuguese-speaking markets.
Investors and observers can find updates on capital allocation and governance in EPAM’s announcements, including share repurchase authorizations, credit agreements and leadership transitions. Together, these news items provide insight into how EPAM positions itself in digital engineering, cloud transformation and AI-native services, and how it communicates its long-term growth strategy and operational focus.
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EPAM Systems, Inc. (NYSE: EPAM) will host a conference call on February 17, 2022, at 8:00 a.m. ET, to discuss its fourth quarter 2021 financial results. A news release with these results will be provided prior to the call. Investors can access the call via the company's Investor Relations website or by dialing designated numbers with the conference ID: 9155729. A replay will be available after the call until February 24, 2022. EPAM has been recognized for its digital transformation services, ranking among the top IT service companies.
EPAM Systems (NYSE: EPAM) has been recognized in the 2022 Best Places to Work Awards by Built In for its commitment to entrepreneurial growth and employee well-being, receiving honors in New York City and San Francisco. This marks the second consecutive year EPAM has earned this accolade, reflecting its focus on competitive compensation, health benefits, and career advancement opportunities. Built In's awards assess a range of factors, including flexible work arrangements and diversity initiatives. EPAM, a leader in digital transformation, continues to innovate and support its global workforce.
EPAM Continuum, a division of EPAM Systems, has formed a strategic digital partnership with INEOS Automotive to launch the Grenadier, a new 4X4 vehicle. Under this collaboration, EPAM will manage the digital strategy and customer engagement for the vehicle's launch. This includes creating a comprehensive digital experience through a dedicated website and a vehicle configurator. The partnership aims to build excitement ahead of the Grenadier's launch in 2022, with a successful 'Reservation Day' event generating significant interest and exceeding target reservations.
EPAM Systems has announced the acquisition of Optiva Media to enhance its digital transformation capabilities in the media sector. This move aims to leverage Optiva's expertise in product development and digital services, allowing EPAM to offer comprehensive solutions for media and entertainment companies. With over 18 years of experience, Optiva Media has a solid track record, including launching the first European video-on-demand system. The acquisition strengthens EPAM's position in Western Europe and Latin America, providing a competitive edge in this rapidly evolving market.
EPAM Systems, Inc. (NYSE: EPAM) has been awarded the 2021 Acquia Engage Award for its collaboration with Mars, Incorporated, exemplifying excellence in digital transformation. This award recognizes high-impact digital experiences built using the Acquia Open Digital Experience Platform. EPAM and Mars created a 'starter kit' for all Mars brands, enabling a unified digital presence and enhancing user experiences. Key benefits include a 50% reduction in web development time and a 40% decrease in web maintenance costs, showcasing their commitment to delivering scalable digital solutions.
EPAM Systems has launched its new Digital Clinical Trials (DCT) platform, powered by Microsoft cloud services. This patient-centric solution aims to enhance the efficiency of hybrid clinical trials by streamlining patient recruitment, improving data integration, and boosting patient engagement. Key features include remote patient enrollment, an omnichannel communication system, and tools for real-time patient outcome updates. EPAM's initiative reflects a shift towards decentralized trials, making clinical studies more accessible and quicker.
EPAM Systems (NYSE: EPAM) has announced the acquisition of Emakina Group, a prominent digital agency based in Belgium, enhancing its digital experience practice. Emakina, with over 1,100 employees and a presence in 18 countries, provides services such as consulting, marketing, and data analytics. This acquisition is expected to strengthen EPAM's capabilities in strategy and creativity. Following the acquisition, EPAM will own 100% of Emakina after the squeeze-out period, set to conclude on November 30, 2021.
EPAM Systems reported strong Q3 2021 results with revenues reaching $988.5 million, a 51.6% year-over-year increase. GAAP income from operations rose 49.5% to $144.1 million, while non-GAAP income increased 45.7% to $179.6 million. Diluted EPS on a GAAP basis rose 27.5% to $1.95. The company also raised its full-year revenue growth outlook to at least 40%, expecting Q4 revenues between $1.075 billion and $1.085 billion. Cash reserves increased by 7.7% to $1,425.6 million as of September 30, 2021.