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) is a leading global provider of digital platform engineering and software development services. This page aggregates official press releases, financial announcements, and market-moving updates about EPAM’s strategic initiatives, technological innovations, and corporate developments.
Investors and industry professionals will find a curated collection of news spanning earnings reports, partnership announcements, acquisition updates, and insights into EPAM’s advancements in cloud computing, AI, and digital transformation solutions. The repository serves as a reliable resource for tracking the company’s performance in the competitive IT services sector.
Content includes updates on EPAM’s global delivery model expansion, client engagements across industries like finance and healthcare, and its role in shaping enterprise technology trends. Regular updates ensure stakeholders stay informed about operational milestones and market positioning.
Bookmark this page for direct access to primary-source information about EPAM’s business trajectory. Check back frequently to monitor how the company continues to drive innovation through engineering excellence and strategic growth initiatives.
EPAM Systems (NYSE: EPAM) will announce its second quarter 2024 financial results on August 8, 2024. The company will host a conference call at 8:00 a.m. ET on the same day to discuss these results. The financial report will be available prior to the conference call. Interested parties can access the live webcast through the EPAM website, with a replay available post-event for those unable to attend the live session.
EPAM Systems, a digital transformation and product engineering leader, announced the acquisition of Odysseus Data Services. Odysseus specializes in health data analytics, focusing on Real-World Evidence and Real-World Data. This acquisition aims to enhance EPAM's capabilities in the life sciences sector through advanced analytics, AI, and data methods. Gregory Klebanov, CEO of Odysseus, emphasized the synergy between the two companies, highlighting EPAM's expertise in AI and cloud infrastructure. The collaboration is expected to improve life sciences research, clinical studies, and post-market surveillance.
EPAM Systems has been recognized as a top IT sourcing vendor in the UK, achieving high client satisfaction scores in the 2024 UK IT Sourcing Study by Whitelane Research. Over 300 CIOs from the top IT spending organizations in the UK evaluated nearly 900 unique IT sourcing relationships. EPAM scored 80% in digital transformation and 79% in service delivery quality, both surpassing the industry average of 75%. This recognition highlights EPAM's competitive edge in digital transformation, application services, and innovation metrics. The announcement aligns with similar accolades EPAM received across various European markets throughout 2023 and 2024.
EPAM Systems, Inc. reported first-quarter revenues of $1.165 billion, down 3.8% year-over-year. GAAP income from operations was 9.5% of revenues, with non-GAAP income at 14.9%. GAAP diluted EPS was $1.97, an increase of $0.24, while non-GAAP diluted EPS was $2.46, a decrease of $0.01 year-over-year. EPAM updated full-year revenue outlook to be in the range of $4.575 billion to $4.675 billion. For the second quarter, expected revenues are between $1.135 billion to $1.145 billion.
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