How Is EPAM Systems' Stock Performance Compared to Other Information Technology Stocks?

Company Overview - EPAM Systems, Inc. is based in Newtown, Pennsylvania, and specializes in digital platform engineering and software development services, with a market cap of $8.7 billion [1] - The company serves a diverse range of industries, including financial services, healthcare, retail, travel, and technology [1] Market Position - EPAM is classified as a mid-cap stock, with its market cap exceeding $2 billion, highlighting its size and influence in the information technology services industry [2] - The company is known for its ability to combine consulting, design, and engineering to provide end-to-end digital transformation solutions, recognized for agility, innovation, and top-tier engineering talent [2] Stock Performance - EPAM shares have decreased 42.7% from their 52-week high of $269, reached on February 18, and have declined 8.3% over the past three months, underperforming the Fidelity MSCI Information Technology Index ETF's (FTEC) 17.6% return [3] - Over the past 52 weeks, EPAM has fallen 22.5%, significantly lagging behind FTEC's 29.3% increase, and on a year-to-date basis, shares are down 34.1%, compared to FTEC's 19.9% rise [4] Recent Financial Performance - Following an impressive Q2 earnings release, EPAM shares surged 4.3% on August 7, with revenue improving 18% year-over-year to $1.4 billion and adjusted EPS advancing 13.1% to $2.77 [5] - The company raised its fiscal 2025 guidance, expecting revenue growth in the range of 13% to 15% and projecting adjusted EPS between $10.96 and $11.12, which has bolstered investor confidence [5] Competitive Analysis - EPAM has outperformed its rival Accenture plc, which experienced a 30.6% drop over the past 52 weeks, although EPAM has lagged behind Accenture's 33.1% loss on a year-to-date basis [6]