EPAM(US:EPAM)2023-11-02 19:20Company Initiatives - EPAM announced $100 million of humanitarian support for its Ukrainian employees and their families[1] - EPAM is now in more than 50 countries as part of its global diversification efforts[1] Market Overview - The Enterprise IT Services Market is estimated to be a $1.8 Trillion+ Total Addressable Market for 2026[6] - The market includes segments like Consulting ($347B), Infrastructure as a Service (IaaS) ($401B), and Application Implementation & Managed Services ($309B)[3] Financial Performance & Positioning - EPAM's 2022 revenues reached $4.825B[56] - EPAM is positioned in the dynamic subset of the Consult and Build Services Market, including expanded coverage in Cloud, Consulting and Security[16] - EPAM's Q3 2023 revenues from the CEE region were $4M, a decrease of 66.4% year-over-year[48] - EPAM's Q3 2023 revenues from the EMEA region were $446M, reflecting a 1.8% increase year-over-year[48] - EPAM's Q3 2023 revenues from the Americas were $247M, a decrease of 3.3% year-over-year[72] - EPAM's Q3 2023 revenues from APAC were $25M, a decrease of 20.2% year-over-year[48] - Financial Services revenue in Q3 2023 was $677M, a decrease of 9.3% year-over-year[49] - Emerging Software & Hi-tech revenue in Q3 2023 was $160M, reflecting 8.5% year-over-year growth[57] - Life Sciences & Healthcare revenue in Q3 2023 was $174M, a decrease of 15.1% year-over-year[57] - Travel & Consumer revenue in Q3 2023 was $124M, a decrease of 4.2% year-over-year[57] - Business Information & Media revenue in Q3 2023 was $263M, a decrease of 6.2% year-over-year[57]