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EPAM Systems, Inc. reports news on its global digital and AI transformation services business, including custom software, product and platform engineering, integrated consulting, and enterprise technology delivery. Company updates commonly cover quarterly results, revenue outlook, operating margins, earnings measures, and capital returns through share repurchases.
EPAM news also includes AI-native service initiatives, enterprise partnerships, ServiceNow development capabilities, Microsoft-aligned security services, and recognition in European IT sourcing studies. These developments reflect the company’s focus on engineering-led transformation work for large enterprises and other technology-driven clients.
EPAM Systems (NYSE: EPAM) has released a comprehensive AI research report based on a survey of 7,300 participants across nine countries and eight industries. The study reveals a significant gap in enterprise AI adoption, with only 26% of self-proclaimed advanced companies successfully delivering AI use cases to market, despite 49% rating themselves as 'advanced'.
Key findings show companies plan to increase AI spending by 14% year-over-year in 2025. While 30% of tech-advanced companies have implemented AI at scale, many struggle with enterprise-wide deployment. Notably, market leaders (disruptors) attribute 53% of their expected 2025 profits to AI investments.
The report identifies four critical areas for successful AI adoption: people and culture, business modernization, security, and governance. Companies anticipate an 18-month minimum timeline to implement effective AI governance models, with 43% planning to hire AI-related roles throughout 2025.
EPAM Systems (NYSE: EPAM) has been awarded the 2025 Google Cloud Industry Solutions Partner of the Year Award for Oil and Gas, recognizing their development of an innovative AI-powered geospatial data visualization solution. The company leveraged Google's Gemini models to create a platform that enables natural language spatial queries and automated map feature drawing.
As a Premier level Partner for Google Cloud since 2018, EPAM's solution enhances GIS team efficiency through self-service capabilities and can be applied across manufacturing and supply chain use cases. The company's expertise includes over 2,000 Google Cloud engineers and a recently expanded collaboration to deliver scalable AI solutions for industry transformation.
The award acknowledges EPAM's commitment to creating value and impact through exceptional customer service, particularly in helping clients achieve new levels of efficiency, resilience, and sustainability in the energy sector.
EPAM Systems (NYSE: EPAM) has scheduled its first quarter 2025 earnings conference call for Thursday, May 8, 2025, at 8:00 a.m. ET. The digital transformation services and product engineering company will release its Q1 2025 financial results via press release prior to the call.
Investors can access the live webcast through the company's investor relations website at https://investors.epam.com, with registration required at least 15 minutes before the event. A replay of the webcast will be available in the Investor Relations section for those unable to attend the live presentation.
EPAM Systems reported Q4 2024 revenues of $1.248 billion, up 7.9% year-over-year, with organic constant currency growth of 1.0%. Q4 GAAP diluted EPS increased 8.4% to $1.80, while non-GAAP diluted EPS rose 3.3% to $2.84.
For full-year 2024, revenues grew 0.8% to $4.728 billion, though organic constant currency revenues declined 1.7%. The company received $68.8 million in Polish R&D government incentives. GAAP diluted EPS increased 11.0% to $7.84, and non-GAAP diluted EPS rose 2.5% to $10.86.
Notable acquisitions included NEORIS and First Derivative, expanding EPAM's Latin American presence and financial services capabilities. The company's 2025 outlook projects revenue growth of 10.0-14.0%, with organic constant currency growth of 1.0-5.0%. GAAP diluted EPS is expected between $6.78-$7.08, and non-GAAP diluted EPS between $10.45-$10.75.
EPAM Systems (NYSE: EPAM) has been recognized as the Top IT Vendor in Europe for the second consecutive year by Whitelane Research in their 2024/2025 IT Sourcing Study. The study evaluated over 6,000 unique IT sourcing relationships from nearly 2,300 participants across Europe's top IT spending organizations.
EPAM achieved exceptional performer status across multiple categories, securing top rankings in key areas:
- Service Delivery Quality: Ranked #1 with 84%
- Application Services: 82%
- Account Management Quality: 82%
- General Satisfaction: 81%
- Digital Transformation: 79%
- Transformative Innovation: Ranked #1 with 78%
The company's strong performance extends beyond this recognition, with positive results in previous IT sourcing studies across Germany, Switzerland, the UK, Nordics, Netherlands, and Europe 2024.
EPAM Systems (NYSE: EPAM) announced an expanded collaboration with Baker Hughes as their systems integration partner for digital and AI implementations in the energy sector. The partnership aims to transform workflows, enhance operational efficiency, and deliver innovative solutions for environmental benefits through EPAM's digital engineering capabilities combined with Baker Hughes' energy technology expertise.
The collaboration supports Baker Hughes' 2030 commitment to expand its digital revenue stream and promote sustainable energy development. The partnership will be highlighted at the 2025 Baker Hughes Annual Meeting (AM25) in Florence, Italy, from February 2-4, featuring EPAM's CEO keynote speech, interactive kiosks showcasing EPAM's JenAii™ virtual assistant, and a Tech Talk on AI agents in energy.
EPAM Systems (NYSE: EPAM) has announced it will host a conference call on Thursday, February 20, 2025, at 8:00 a.m. ET to discuss its fourth quarter 2024 financial results. The company will release its financial results before the call. The conference call will be accessible via live webcast on EPAM's investor relations website, with registration required at least 15 minutes before the event. A replay will be available in the Investor Relations section for those unable to attend the live webcast.
EPAM Systems has expanded its strategic partnership with Google Cloud to deliver advanced industry solutions across media and entertainment, energy, and retail sectors. The collaboration will utilize Google Cloud's Vertex AI platform to provide generative AI, legacy modernization, and data analytics capabilities.
The company introduced four new solutions: Video Search and Indexing for media and entertainment, JenAii™ for retail customer assistance, Geospatial Data Visualization for energy sector decision-making, and Talk to Your Data for simplified data analysis. EPAM will leverage its expanded presence in Ibero markets through Neoris acquisition and strengthen financial services offerings across Europe, North America, and APAC through First Derivative acquisition.
EPAM Systems has achieved notable recognition in Newsweek's 2025 Excellence 1000 Index, ranking #754 overall and securing a position in the Top 5 for IT Services and IT Consulting. The index, developed in collaboration with the Best Practice Institute, evaluates companies based on financial responsibility, stakeholder ratings, and social responsibility.
The assessment involved analyzing over half a million data points across multiple criteria, including employee and customer ratings, ESG risk ratings, ISO standards adherence, R&D spending, and Global Compact status. EPAM's recognition highlights its commitment to client service, engineering excellence, and sustainability.
The company has maintained its position as a 'Most Loved Workplace' in Newsweek's Top 100 for four consecutive years. In 2024, EPAM expanded its capabilities through strategic acquisitions of First Derivative, Neoris, Odysseus Data Services, and Vates, enhancing its AI, data-driven solutions, cloud, engineering, testing, and digital services offerings.
EPAM Systems has completed its acquisition of First Derivative, a managed services and consulting business for capital markets with over 1,800 employees worldwide. First Derivative brings extensive expertise in capital markets consulting and technology capabilities, including application development, real-time data platforms, and AI solutions. The acquisition enhances EPAM's financial services delivery capabilities across North America, Europe, and APAC regions. The strategic partnership combines EPAM's digital, AI, cloud, and engineering capabilities with First Derivative's specialized knowledge in financial services and regulated industries. The merged entity aims to deliver comprehensive AI-enabled solutions to clients in banking, capital markets, and financially regulated businesses.