Exhibit 99.1 EPAM Reports Results for Third Quarter 2024 and Raises Full Year Outlook • Third quarter revenues of $1.168 billion, up 1.3% year-over-year • GAAP income from operations was 15.2% of revenues and non-GAAP income from operations was 19.1% of revenues for the third quarter • Third quarter GAAP diluted EPS of $2.37, an increase of $0.72, and non-GAAP diluted EPS of $3.12, an increase of $0.39 on a year-over-year basis • For the full year, EPAM increases expected range for revenues to now be $4.68 ...

The acquisition enhances EPAM's delivery capabilities in Latin America and Europe, boosting client value across key industriesNEWTOWN, Pa., Nov. 1, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced the successful completion of its acquisition of NEORIS, a Miami-headquartered global advanced technology consultancy with approximately 4,800 professionals across major talent hubs in Latin America, Spain and the U.S. T ...

Recognized for Completeness of Vision and Ability to Execute NEWTOWN, Pa., Oct. 29, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced that Gartner has positioned it as a Leader in the Magic Quadrant™ for Custom Software Development Services. "We believe this placement reflects EPAM's ability to help our clients build new solutions, modernize existing ones and leverage significant investments in GenAI to enhance ou ...

NEWTOWN, Pa., Oct. 8, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, will host a conference call at 8:00 a.m. ET, on Thursday, November 7, 2024, to discuss its third quarter 2024 financial results. A news release containing these results will be issued before the call. The conference call will be live on the EPAM website at https://investors.epam.com. Please visit the website at least 15 minutes before the call to register for ...

EPAM Systems (EPAM) has seen its share price plunge 35.3% year to date, underperforming the Zacks Computers - IT Services industry, Zacks Computer and Technology sector and the S&P 500's return of 8.4%, 22.3% and 19.6%, respectively. The underperformance of EPAM's shares can be attributable to highly volatile market conditions amid the ongoing macroeconomic uncertainties. Factors, including investors' concerns over the Federal Reserve's interest rate policies and fears of a looming U.S. recession, have weig ...

Strategic Acquisition will Enhance Capabilities in Capital Markets, Banking Operations and Asset Servicing, Strengthening Client Offerings Globally NEWTOWN, Pa. and NEWRY, N. Ireland, Oct. 7, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced its agreement to acquire First Derivative, a Northern Ireland-headquartered managed services and consulting business for the capital markets industry with more than 1,800 empl ...

BlueOptima's report reveals that more than 76.5% of EPAM's lead developers exceed global productivity and quality standards NEWTOWN, Pa., Oct. 3, 2024 /PRNewswire/ -- As organizations increasingly rely on outsourcing to accelerate their digital transformation efforts, understanding software development productivity and quality is crucial for optimizing software development lifecycles and making informed outsourcing decisions. EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and pro ...

As a trusted partner for data modernization, EPAM helps clients become more efficient, agile and growthoriented businesses NEWTOWN, Pa., Oct. 1, 2024 /PRNewswire/ -- Organizations that prioritize developing and maintaining a modernized data infrastructure are best equipped to rapidly adapt to evolving consumer demands in today's fastpaced market. EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has been named a Leader in the IDC M ...

Receiving top client-driven evaluation scores across account management, service delivery quality, application services and digital transformation, EPAM has positioned itself as a top IT service provider in the Swiss market NEWTOWN, Pa., Sept. 24, 2024 /PRNewswire/ -- To achieve agility, innovation and cost efficiency, organizations are increasingly turning to strategic partnerships with specialized external IT vendors to boost competitiveness and growth. EPAM Systems, Inc. (NYSE: EPAM), a leading digital t ...

The acquisition will expand EPAM's delivery capabilities in Latin America and Europe and increase client value across key industries NEWTOWN, Pa. and MIAMI, Sept. 4, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, announced today that it has entered into an agreement to acquire NEORIS, a Miami-headquartered global advanced technology consultancy with more than 4,700 professionals across major talent hubs in Latin America, Spain ...