EPAM recently acquired Odysseus Data Services, Inc. to enhance its life sciences value chain by leveraging the latter's expertise in analytics, data methods and artificial intelligence (AI). The company recently updated its Indigo, Bingo and Ketcher tools with the latest updates, including Indigo 1.19.0, Bingo 1.19.0 and Ketcher 2.20.0 versions. EPAM Gains From Partnerships in Data and AI Space The company also partnered with Salesforce (CRM) for the latter's AI capabilities. In the realm of data management ...

Headquartered in Cambridge, Massachusetts, Odysseus generates healthcare data insights and evidence for clients through skilled data science and analytics, software engineering and data management and ontology and vocabulary management. The company's focus on a standardized and systematic approach to healthcare data analytics is the foundation for a better understanding of the inner workings of healthcare interventions in drug treatment, drug safety and efficacy, epidemiological research, provider support, ...

A good percentage of stocks follow a cyclical price pattern, which means they fall in sync with the wider economy's performance. Ironically, Paycom's woes stem from its star product, Beti. During last year's Q4 report, CFO Craig Boelte revealed that many of its clients were gravitating almost exclusively towards the software, which had "eliminated certain billable items, which is cannibalizing a portion of our services and unscheduled revenues." Paycom Software (PAYC) On the date of publication, Hope Mutie ...

We deliver globally, but engage locally with our expert teams of consultants, architects, designers and engineers, making the future real for our clients, our partners and our people around the world. In the 2024 UK IT Sourcing Study by Whitelane Research, more than 300 CIOs from the top IT spending organizations in the UK evaluated close to 900 unique IT sourcing relationships based on key performance indicators and by IT domain, delivering one of the most representative voice-of-the-customer reports on th ...

You've no doubt heard both investing adages many times. But could combining the two sayings be a smart strategy by buying on stocks that dipped in May and then go away? Is it time to buy May's worst-performing S&P 500 stocks? Let's take a look. 1. EPAM Systems EPAM Systems (EPAM -0.95%) was the biggest loser in the S&P 500 last month. Shares of the information technology services provider plunged 24% in May. EPAM is now down more than 40% year to date. The May sell-off came after EPAM's first-quarter update ...

We've been experimenting with AI for decades. Our hybrid, networked teams have developed numerous proprietary data accelerators, as well as repeatable AI frameworks and methodologies, that can be implemented quickly, responsibly, securely and at scale. IDC MarketScape: Worldwide Artificial Intelligence Services 2023 Vendor Assessment Integrated Gen AI into operations workflows to optimize software development for a premier luxury automotive brand. EPAM Proprietary & Confidential. 22 SUSTAINABILITY Our commi ...

EPAM Systems, Inc. (EPAM) reported better-than-expected first-quarter 2024 results. However, shares of the company plunged 27% on Thursday as the digital transformation services and product provider lowered its full-year 2024 guidance due to a challenging demand environment.EPAM Systems’ first-quarter non-GAAP earnings of $2.46 per share beat the Zacks Consensus Estimate of $2.32. However, the figure came a penny lower than the year-ago quarter’s earnings of $2.47 per share, primarily due to lower revenues ...

For the quarter ended March 2024, Epam (EPAM) reported revenue of $1.17 billion, down 3.8% over the same period last year. EPS came in at $3.06, compared to $2.47 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.16 billion, representing a surprise of +0.30%. The company delivered an EPS surprise of +31.90%, with the consensus EPS estimate being $2.32.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they com ...

Key TakeawaysThe S&P 500 added 0.5% on Thursday, May 9, 2024, as an uptick in first-time jobless claims bolstered hopes for interest rate cuts by the Federal Reserve.Equinix shares soared after the data center operator reported strong quarterly results, driven by demand for AI products.Epam Systems stock tumbled after the software engineering firm provided lackluster quarterly and annual guidance, citing a difficult demand environment. Major U.S. equities indexes advanced as data showed that initial unemplo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to________ Commission file number: 001-35418 EPAM SYSTEMS, INC. (Exact name of registrant as specified in its charter) FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR Indicate by check mark whether the registr ...