Epam Sys Inc Stock Price, News & Analysis

EPAM Systems (NYSE: EPAM) has taken on a technical advisory role in the Drink Without Waste initiative, aimed at tackling the growing plastic waste crisis in Hong Kong. The move addresses the daily disposal of over 2,300 tons of plastic waste, with a mere 11% recycling rate. The partnership includes creating a Data Room to streamline recycling data collection, significantly enhancing visibility and operational efficiency. This initiative aligns with EPAM's commitment to environmental, social, and governance (ESG) goals, as they strive to mitigate litter from single-use plastics and support better recycling practices.

EPAM Systems, Inc. (NYSE: EPAM) announced the appointment of DeAnne Aguirre to its Board of Directors on March 14, 2023. With over 30 years of experience in technology and business consulting, Aguirre brings valuable knowledge to enhance EPAM's advisory services. She previously held leadership roles at PwC and serves on the Board of Hercules Capital (NYSE: HTGC). CEO Arkadiy Dobkin expressed confidence in Aguirre's ability to help navigate growth opportunities in a complex business environment. EPAM continues to expand its offerings in digital transformation, highlighting its commitment to innovation and client success.

EPAM Systems (NYSE: EPAM) announced its participation in MWC 2023, showcasing innovations that leverage 5G technology. The highlights include:

• The launch of 'Vivien,' a digital metahuman aimed at enhancing customer engagements.
• A demonstration of Optiva Media's pioneering 5G virtual reality experience in Spain.
• An all-female executive panel discussing monetization tactics for 5G and emerging technologies.

EPAM emphasizes the necessity for telecommunications firms to evolve their technology stacks to meet changing consumer demands and drive profitability in a competitive market.

EPAM Systems reported Q4 2022 revenues of $1.231 billion, marking an 11.2% year-over-year increase. Full-year revenues reached $4.825 billion, up 28.4%. GAAP diluted EPS rose 8.7% to $2.61 in Q4, while full-year GAAP EPS decreased 13.0% to $7.09. The board approved a $500 million share repurchase program to enhance shareholder value. The company expects 2023 revenues of at least $5.250 billion, indicating a 9% growth rate, despite an anticipated negative impact of 2% due to exiting the Russian market.

EPAM Systems (NYSE: EPAM) announced that 16 of its employees have been named Sitecore Most Valuable Professionals (MVPs), a prestigious recognition in the digital experience management sector. This year, only 241 professionals worldwide were honored from over 16,000 certified developers. The MVPs were recognized for their significant contributions to the Sitecore community, showcasing their expertise in helping clients optimize their digital strategies. This milestone marks EPAM's highest number of Sitecore MVPs, reflecting its commitment to excellence in digital transformation services since becoming a partner in 2007.

EPAM Systems, Inc. (NYSE: EPAM) has announced a conference call scheduled for 8:00 a.m. ET on February 16, 2023, to discuss its fourth quarter 2022 financial results. A news release will precede this call. The conference call can be accessed live on the EPAM website, and a replay will be available afterward in the Investor Relations section. Established in 1993, EPAM is recognized as a leading provider of digital transformation services globally, with numerous accolades, including its inclusion in the S&P 500 and recognition as one of Forbes Global 2000 companies.

EPAM Systems has won the 'Most Impactful Headless Application' award for its collaboration with LiveWire at the Acquia Engage Awards. This recognition highlights EPAM's successful transformation of LiveWire's customer experience and website, enhancing user interactions from research to purchase. EPAM utilized MACH technologies to create a robust digital platform, engaging customers effectively. This marks EPAM's third consecutive win at the awards, set against a competitive field of 120 entries.

EPAM Systems has launched the AosEdge vehicle-to-cloud (V2C) platform, developed in partnership with Renesas Electronics. This platform enhances the software delivery for connected cars, enabling OEMs to implement new services rapidly. AosEdge simplifies installation and management of in-vehicle software, allowing cars to receive cloud-based updates akin to smartphones. This innovation addresses the complex connectivity issues faced by vehicles post-manufacture, ensuring they can access the latest safety features. The platform is designed to support a variety of cloud environments and facilitates a modern microservices architecture.