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) released its Consumer Banking Report 2021, analyzing how evolving consumer attitudes post-pandemic affect the banking industry. Surveying over 21,000 individuals across multiple regions including the U.S. and U.K., the report reveals trends like the unbundling of financial services, Gen Z's demand for financial education, and rising interest in cryptocurrencies. Key findings indicate that while traditional banks retain customers, there is a shift towards using multiple providers for diverse financial needs.
EPAM Systems, Inc. (NYSE: EPAM) will host a conference call on November 4, 2021, at 8:00 a.m. ET, to discuss its third quarter 2021 financial results. A news release with the results will be issued before the call. Investors can access the call via a webcast on the company's Investor Relations website or by dialing in. A replay will be available post-call. EPAM, established in 1993, specializes in software engineering, product development, and digital platform solutions across over 35 countries.
World Fuel Services Corporation (NYSE: INT) has appointed Jill B. Smart to its Board of Directors. With over 33 years of experience at Accenture, where she served as the Chief Human Resources Officer, Jill brings extensive expertise in human capital management and organizational transformation. Her addition is expected to enhance the company's strategic growth objectives. Smart is also involved with the National Academy of Human Resources and serves on the board of EPAM Systems, Inc. (NYSE: EPAM). She will participate in the Compensation and Governance committees.
EPAM Systems (NYSE: EPAM) announced an expansion into Latin America with the acquisition of Colombian software firm S4N, enhancing its delivery capabilities and career opportunities for local IT professionals. With this acquisition, EPAM's LATAM workforce exceeds 1,500 employees, with plans to increase by thousands in the coming years. This strategic move aims to strengthen EPAM's position as a tech leader, leveraging the growing tech talent in the region. The partnership is expected to deliver advanced solutions and foster collaboration, aligning with EPAM's mission in digital services.
EPAM Systems reported robust second-quarter results for 2021, with revenues of $881.4 million, up 39.4% year-over-year. GAAP income from operations surged 50.2% to $125.3 million, while diluted EPS rose 70.2% to $1.94. The company raised its full-year revenue growth outlook to at least 37%, expecting acquisitions to contribute approximately 3%. For Q3, projected revenues range between $957 million and $965 million, reflecting a year-over-year growth of around 47%.
EPAM Continuum released its 2021 Consumers Unmasked Study, analyzing the spending habits of 71 Millennial and Gen-Z shoppers. The study, part of a four-part series, highlights key consumer trends including the importance of value for money, the pursuit of the best deal as a social achievement, and growing expectations for rewarding online experiences. Notably, brand ethics are becoming increasingly significant for consumers. The full quantitative survey will return in September 2021 to support the qualitative findings.
EPAM Systems, Inc. (NYSE: EPAM) has been honored with two 2021 Sitecore Experience Awards: the Excellence in Product Expertise for the Americas and Excellence in Solution Delivery for EMEA. These awards showcase EPAM's commitment to mastering Sitecore products and delivering top-notch solutions for clients. A Platinum Sitecore Partner, EPAM boasts over 150 certifications and a team of more than 1,000 experts, reflecting its strength in digital marketing solutions. The recognition underscores EPAM's global leadership and positions the company for significant growth.
EPAM Systems, a leader in digital platform engineering, has acquired CORE SE, a professional services provider specializing in IT strategy and technology transformations. This acquisition, announced on July 27, 2021, aims to enhance EPAM's presence in the DACH region, aligning with its strategy to support Western European clients in their technology transformation initiatives. The acquisition is expected to create synergies, leveraging CORE's expertise in critical IT transformations across various industries.