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.
EPAM Systems reported strong financial results for Q4 and full year 2020, with revenues of $723.5 million, a 14.3% increase year-over-year. GAAP income from operations rose by 32.2% to $112 million, while diluted EPS reached $1.46, up 13.2%. For the full year, revenues reached $2.66 billion, a 15.9% increase. The company anticipates at least 23% revenue growth for 2021 and projects GAAP diluted EPS between $6.65 and $6.86. As of Dec 31, 2020, cash and equivalents totaled $1.32 billion, marking a 41.1% increase from the previous year.
EPAM Systems (NYSE: EPAM) announced the launch of an Industry Advisory Board on January 28, 2021, aimed at enhancing its digital transformation services. The inaugural team comprises industry leaders such as Dr. Mark Boxer, Norm Judah, and Andy Walter, who bring extensive experience in sectors like healthcare, cloud transformation, and consumer goods. This board will be pivotal in navigating technology changes and fostering strategic relationships. Future expansions will include members from various verticals like Insurance and Financial Services, contributing to EPAM's commitment to deliver value to its customers.
EPAM Systems, Inc. (NYSE: EPAM) has been named a Challenger in Gartner's 2020 Magic Quadrant for Application Testing Services. This evaluation reflects the company's ability to execute and completeness of vision, highlighting its systematic approach to quality improvement in application testing. EPAM focuses on cost-effective continuous quality and has invested in next-gen testing services, enhancing offerings like testing-as-a-service, especially for Agile projects. The report assessed 20 providers, guiding leaders in vendor selection.
The MACH Alliance has announced its inaugural MACHathon, scheduled from January 22 to 29, 2021, aimed at leveraging MACH technology in ecommerce solutions. The event encourages participants to develop innovative projects that help society overcome challenges posed by the COVID-19 pandemic, with a theme of "Getting Unstuck". Teams will utilize microservices-based applications and receive mentorship from experts. Awards will be given across various categories, including Maturity, Usability, and the 1st Annual MACHnificent award. Founding members include EPAM, among others.
EPAM Systems has announced a conference call scheduled for February 18, 2021, at 8:00 a.m. ET to discuss its fourth quarter 2020 financial results. A press release with these results will be issued prior to the call. Investors can join the call through a webcast on the company's Investor Relations page or by phone using conference ID: 4899490. A replay will be accessible from February 18 until February 25. EPAM is recognized for its innovative software engineering solutions across more than 35 countries.
EPAM Systems (NYSE: EPAM) has been recognized in Built In's 2021 Best Places to Work Awards, securing awards in New York City and San Francisco for being one of the 'Best Places to Work' and also for 'Companies with the Best Benefits.' This accolade underscores EPAM's dedication to employee welfare, including competitive compensation, health benefits, and career development opportunities. Built In's recognition is based on an algorithm evaluating compensation, benefits, and cultural programs, particularly emphasizing diversity, equity, and inclusion initiatives and remote work opportunities.
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EPAM Continuum, the consulting practice of EPAM Systems (NYSE: EPAM), has released its 2021 NXT Trends report, identifying six significant global trends influencing businesses. These trends include the evolution of digital communities, the importance of interoperability, and the challenges of loneliness in public health. The report emphasizes the interconnectedness of modern challenges and their implications for strategic leadership in 2021, urging organizations to adapt amidst ongoing market disruptions. For further insights, access the full report on EPAM's website.
EPAM Systems, Inc. (NYSE: EPAM) and VitalAire have won the 2020 Acquia Engage Award for their innovative online patient portal designed to help diabetes patients manage treatments remotely. This project addresses a critical need for digital patient engagement during the pandemic, improving efficiencies and customer satisfaction for VitalAire. The Acquia Platform facilitated timely development, allowing EPAM to focus on creating a tailored solution. The award highlights EPAM's commitment to delivering engaging digital experiences.
On November 23, 2020, EPAM Systems, Inc. (NYSE: EPAM) was recognized as a leader in The Forrester New Wave™: Computer Vision Consultancies, Q4 2020. EPAM was noted for its innovative computer vision (CV) solutions and a proven track record in implementing projects that drive business outcomes. The report highlighted EPAM's expertise across various domains, with customers praising the company's ability to execute complex projects effectively. Forrester identified EPAM as a top choice for cutting-edge CV solutions, emphasizing its diverse team of specialists.
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