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 ...

EPAM Systems, Inc. (NYSE:EPAM) Q1 2024 Earnings Conference Call May 9, 2024 8:00 AM ET Company Participants David Straube – Head of Investor Relations Arkadiy Dobkin – Chief Executive Officer and President Jason Peterson – Chief Financial Officer Conference Call Participants Bryan Bergin – TD Cowen Jonathan Lee – Guggenheim Securities Maggie Nolan – William Blair Surinder Thind – Jefferies Jason Kupferberg – Bank of America Moshe Katri – Wedbush Securities Ramsey El-Assal – Barclays Ryan Potter – Citigroup ...

First quarter revenues of $1.165 billion, down 3.8% year-over-year GAAP income from operations was 9.5% of revenues and non-GAAP income from operations was 14.9% of revenues for the first quarter First quarter GAAP diluted EPS of $1.97, an increase of $0.24, and non-GAAP diluted EPS of $2.46, a decrease of $0.01 on a year-over-year basis For the full year, EPAM updates expected revenues to now be in the range of $4.575 billion to $4.675 billion, updates expected GAAP diluted EPS to now be in the range of ...

Exhibit 99.1 EPAM Reports Results for First Quarter 2024 and Updates Full Year Outlook Newtown, PA, USA — May 9, 2024 — EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced results for the first quarter ended March 31, 2024. "Our solid performance in the first quarter of 2024 reflects our level of adaptability to a challenging demand environment, which we now believe is unlikely to improve this year to the degree we expected one quarter ...

2024 LinkedIn Top Companies List recognizes EPAM's effectiveness in empowering teams with the tools and resources required for successful client transformationsNEWTOWN, Pa., April 23, 2024 /PRNewswire/ -- EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has been named a best workplace for career growth in Europe by LinkedIn. EPAM was also ranked #1 in Spain and #5 in the Netherlands on the 2024 LinkedIn Top Companies List for prof ...

PixelsEffect/E+ via Getty ImagesEPAM Systems (NYSE:EPAM) is a US company that provides software engineering and product development services across 55 countries. All-time share performance has been decent. The company went public in 2012 at a price of $14, EPAM today is trading at $253 per share, generating an estimated return of over 1,700%. Nonetheless, share performance in recent times has been lackluster. EPAM is currently down by more than -13% over the past year. It also reached an all-time high o ...

Learn More About EPAM's commercetools Partnership The Platinum Partner status is the highest available partnership program level, with only a select group of five partners globally being awarded this distinguished status. EPAM was awarded this status for demonstrating excellence in client delivery, actively contributing to product enhancement and achieving significant sales volumes coupled with robust technical enablement efforts. "We're delighted to achieve Platinum Partner status with commercetools. A spe ...

Learn more about EPAM and Google Cloud's Partnership. As a leader in talent development for the past three decades, EPAM's work with Google Cloud has been no exception – changing the ecosystem and inspiring other Global and Regional System Integrators to aim for higher certifications. Since partnering in 2016, the Company has consistently exceeded goals with approximately 2,000 certifications across 1,600 individuals. Additionally, EPAM created a new program called Rainmakers to level up its sales associate ...

Achieving top scores in transformative innovation and account management quality, EPAM leads the Nordic IT market in customer satisfaction  NEWTOWN, Pa. and STOCKHOLM, April 3, 2024 /PRNewswire/ -- Businesses continue to be impacted by growing technology modernization requirements needed to sustain growth and remain competitive, highlighting the need for external IT providers to bring the latest digital transformation services and engineering capabilities. EPAM Systems, Inc. (NYSE: EPAM), a leading digital ...