Company Overview - EPAM Systems, Inc. is a global technology services provider with a market capitalization of $11.41 billion and over 60,000 employees, focusing on digital transformation projects and maintaining a diversified client base [4][7] - The company reported a trailing twelve months (TTM) revenue of $5.30 billion and a net income of $371.62 million [4] Recent Developments - Wishbone Management initiated a new position in EPAM Systems by acquiring 100,000 shares valued at $15.08 million, representing 8.11% of the fund's 13F reportable assets under management as of September 30 [2][3] - EPAM shares are currently priced at $204.88, down 12% over the past year, while the S&P 500 gained approximately 16% during the same period [3] Financial Performance - EPAM reported $1.394 billion in third-quarter revenue, reflecting a year-over-year increase of 19.4%, and raised its full-year revenue outlook for 2025 to approximately $5.43 billion to $5.45 billion [5][8] - The company has also repurchased $82.1 million of its stock during the quarter and authorized an additional $1 billion buyback program [8] Strategic Positioning - EPAM stands out as the only pure-play digital engineering name in Wishbone Management's portfolio, which includes exposure to industrial distribution, airlines, and payments infrastructure [9] - The company's services span AI, automation, and digital design, serving clients across various industries including financial services, travel, software, media, and healthcare [7]