Core Insights - EPAM Systems, Inc. has been recognized as the Top IT Vendor in Europe for the second consecutive year by Whitelane Research, achieving 'exceptional performer' status across multiple categories [2][3] - The recognition is based on feedback from nearly 2,300 participants from top IT spending organizations in Europe, evaluating over 6,000 unique IT sourcing relationships [2][3] - EPAM's strong performance is attributed to its commitment to client satisfaction, innovation, and high-quality service delivery [3][7] Company Performance - EPAM received the highest ratings in several performance categories, including Service Delivery Quality (Ranked 1, 84%), Application Services (82%), Account Management Quality (82%), General Satisfaction (81%), Digital Transformation (79%), and Transformative Innovation (Ranked 1, 78%) [7] - The company has consistently performed well in previous IT sourcing studies across various European regions, including Germany, Switzerland, the UK, Nordics, and the Netherlands [3] Industry Context - The 2024/2025 IT Sourcing Study by Whitelane Research is one of the most representative reports on the IT sourcing market in Europe, highlighting the competitive landscape and performance of IT service providers [2][3] - EPAM's recognition reflects its ability to lead innovative change through digital transformation technologies and application services, addressing client concerns while maintaining quality and speed [3]

Core Insights - The collaboration between EPAM Systems and Baker Hughes aims to revolutionize the energy sector through advanced digital and AI solutions, marking a significant milestone in digital transformation [1][2][3] Group 1: Collaboration Details - EPAM has been named as Baker Hughes' systems integration collaborator for digital and AI implementations, combining EPAM's digital engineering capabilities with Baker Hughes' energy technology expertise [2][4] - This partnership is expected to redefine workflows, enhance operational efficiency, and deliver innovative solutions that contribute to environmental sustainability [2][4] Group 2: Strategic Goals - The collaboration supports Baker Hughes' commitment to grow its digital revenue stream by 2030 through advanced technologies and sustainable energy development [2][4] - The theme for the 2025 Baker Hughes Annual Meeting, "Progress at Scale," emphasizes the need for sustainable energy development to drive lasting change across the industry [4] Group 3: Event Highlights - EPAM's significant presence at the Baker Hughes Annual Meeting includes a keynote by CEO Arkadiy Dobkin and interactive kiosks showcasing Baker Hughes' applications powered by EPAM's AI technologies [6][4] - The event will gather over 2,000 industry leaders, policymakers, and experts to discuss actionable strategies for change in the energy sector [3][4]

Company Overview - EPAM Systems is a leading global provider of digital engineering, cloud, and AI-enabled transformation services, with expertise in software engineering since 1993 [3] - The company offers AI solutions such as EPAM DIAL, EPAM EliteA™, and EPAM AI/RUN™, focusing on AI LLM orchestration, testing, and engineering [4] - EPAM delivers globally with local engagement through teams of consultants, architects, designers, and engineers, aiming to improve lives and create competitive advantages for clients [5] - The company is recognized as a leader in IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services, and Worldwide Software Engineering Services [6] Financial and Investor Relations - EPAM Systems will host a conference call on February 20, 2025, at 8:00 a.m. ET to discuss its Q4 2024 financial results [1] - The conference call will be live-streamed on the EPAM website, with a replay available in the Investor Relations section [2] Industry Recognition - EPAM was added to the S&P 500 and the Forbes Global 2000 in 2021 and is recognized as a Top 100 Best Workplace by Glassdoor and Newsweek [6] - The company is among the top 15 in Information Technology Services in the Fortune 1000 [6]

Core Viewpoint - EPAM Systems has shown strong stock performance, rising 15.7% over the past three months, significantly outperforming the Zacks Computers - IT Services industry and broader market indices, indicating a positive investment outlook due to strong fundamentals and growth strategies [1] Group 1: AI Expansion - EPAM is expanding its presence in the AI sector through partnerships with major companies like Google Cloud, Microsoft, and Salesforce, focusing on scalable AI solutions [1][2] - The collaboration with Alphabet allows EPAM to utilize Google Cloud's Vertex AI platform for generative AI solutions, enhancing modernization efforts for clients [2] - EPAM's promotion to Microsoft's Globally Managed Enterprise Systems Integrator partner status enables the development of cloud-based applications via Azure OpenAI Service [3] - The partnership with Salesforce has led to the creation of the Salesforce Service Agent AI Coach, an AI tool that analyzes customer service interactions [3] Group 2: Strategic Acquisitions - EPAM is pursuing strategic acquisitions to enhance market presence and product expertise, including the acquisition of Vates in 2024 to strengthen its position in Latin America [5] - The acquisition of First Derivative brought generative AI-enabled financial solutions and over 100 clients from capital markets, expanding EPAM's reach in North America, Europe, and APAC [6] - Acquiring Odysseus has deepened EPAM's expertise in the life sciences sector, while NEORIS has contributed capabilities in digital experience, engineering SAP, data analytics, machine learning, and AI across various industries [7] Group 3: Financial Outlook - Analysts have a positive outlook for EPAM, with the Zacks Consensus Estimate for 2025 revenues at $5.25 billion, reflecting a year-over-year growth of 12% [8] - The consensus for earnings also indicates a modest 5% year-over-year growth for 2025, with EPAM consistently surpassing earnings estimates in the past four quarters, averaging a surprise of 9.9% [8] Group 4: Investment Recommendation - Given the rapid expansion in the AI space through partnerships and acquisitions, EPAM is positioned as a promising investment for 2025 and beyond, making it advisable to consider buying the stock [10]

The Zacks Computers – IT Services industry participants are suffering from challenging macroeconomic conditions that are elongating the sales cycle. The adoption of consultation and transaction processing solutions has been affected by an uncertain macro environment. However, industry participants like ServiceNow (NOW) , EPAM Systems (EPAM) and DXC Technology (DXC) have been benefiting from ongoing digitization efforts globally. Robust spending on cloud, Internet of Things (IoT), cyber security, data and an ...

New AI-powered solutions address generative AI, legacy modernization and data analytics to solve industry-specific challenges NEWTOWN, Pa., Jan. 15, 2025 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has expanded its strategic partnership with Google Cloud to deliver innovative industry solutions for clients across the media and entertainment, energy and retail verticals. The enhanced collaboration will leverage ...

In today’s digital transformation, companies all over the world grasp AI technology to improve their overall day-to-day operations. EPAM Systems (NYSE: EPAM ), as one of the leading IT companies offering AI and data driven transformational services inHi there! I am an equity research analyst by profession but a trader by heart, with a background in accounting. I try my best to be a responsible investor, guided by my expertise in fundamental and technical analysis. I enjoy surfing and riding the trends about ...

Company Recognition - EPAM Systems ranked 754 overall and in the Top 5 for IT Services and IT Consulting in the 2025 Excellence 1000 Index by Newsweek [1] - EPAM has been recognized as a "Most Loved Workplace" by Newsweek for the last four years and has received multiple awards for its ESG initiatives, including the 2024 Inclusive Excellence Award and the 2024 SEAL Sustainable Excellence Award [4] Industry and Market Position - EPAM is a leading global provider of digital engineering, cloud, and AI-enabled transformation services, serving clients across six continents [8] - The company is among the top 15 companies in Information Technology Services in the Fortune 1000 and is recognized as a leader in the IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services, and Worldwide Software Engineering Services [8] Strategic Growth and Innovation - EPAM has invested in innovation and future capabilities through acquisitions of First Derivative, Neoris, Odysseus Data Services, and Vates, enhancing AI, data-driven solutions, and cloud services [4] - The company focuses on delivering transformative solutions through its robust capabilities in digital, AI, GenAI, data, cloud, and engineering, aiming to solve clients' most challenging problems [2] Corporate Values and ESG Commitment - EPAM is committed to financial responsibility, stakeholder ratings, and social responsibility, as highlighted by its inclusion in the Excellence 1000 Index [1] - The company aligns with the UN's principles on human rights, labor, environment, and anti-corruption, as part of its Global Compact Status [5] Client and Employee Engagement - EPAM emphasizes employee and client satisfaction, with a focus on improving people's lives and delivering competitive advantages across diverse industries [7] - The company's Employee Rating and Customer Rating are key metrics in its evaluation, reflecting its commitment to ethical practices and high-quality services [5]

Strategic acquisition strengthens EPAM's financial services delivery capabilities in North America, Europe and APAC, enhancing end-to-end servicesNEWTOWN, Pa. and NEWRY, N. Ireland, Dec. 3, 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 First Derivative, a Northern Ireland-headquartered managed services and consulting business for the capital markets industry with ...

Epam (EPAM) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Individual inves ...