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EPAM Systems Earnings Preview: What to Expect
EPAM Systems Earnings Preview: What to Expect

Yahoo

time24-07-2025

  • Business
  • Yahoo

EPAM Systems Earnings Preview: What to Expect

EPAM Systems, Inc. (EPAM), headquartered in Newtown, Pennsylvania, offers digital platform engineering and software development services. Valued at $9.4 billion by market cap, the company provides software development, outsourcing services, e-business, enterprise relationship management, and content management solutions. The IT services giant is expected to announce its fiscal second-quarter earnings for 2025 before the market opens on Thursday, Aug. 7. Ahead of the event, analysts expect EPAM to report a profit of $2.07 per share on a diluted basis, up 5.1% from $1.97 per share in the year-ago quarter. The company has consistently surpassed Wall Street's EPS estimates in its last four quarterly reports. More News from Barchart Nvidia Stock Warning: This NVDA Challenger Just Scored a Major Customer Dear QuantumScape Stock Fans, Mark Your Calendars for July 23 Should You Buy the Post-Earnings Dip in Lockheed Martin Stock? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For the full year, analysts expect EPAM to report EPS of $8.48, down 4.4% from $8.87 in fiscal 2024. However, its EPS is expected to rise 10.9% year over year to $9.40 in fiscal 2026. EPAM stock has considerably underperformed the S&P 500 Index's ($SPX) 13.4% gains over the past 52 weeks, with shares down 20.5% during this period. Similarly, it considerably underperformed the Technology Select Sector SPDR Fund's (XLK) 14.5% uptick over the same time frame. On May 8, EPAM shares closed up more than 12% after the company reported its Q1 results. Its adjusted EPS of $2.41 topped Wall Street expectations of $2.27. The company's revenue was $1.30 billion, surpassing Wall Street forecasts of $1.28 billion. EPAM expects full-year adjusted EPS in the range of $10.70 to $10.95. Analysts' consensus opinion on EPAM stock is reasonably bullish, with an overall 'Moderate Buy' rating. Out of 17 analysts covering the stock, 10 advise a 'Strong Buy' rating, one suggests a 'Moderate Buy,' five give a 'Hold,' and one recommends a 'Moderate Sell.' EPAM's average analyst price target is $213.12, indicating a potential upside of 26.3% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio

EPAM Secures Multi-Year Deal with States of Guernsey to Transform the Island's Digital Services with ServiceNow PSDS
EPAM Secures Multi-Year Deal with States of Guernsey to Transform the Island's Digital Services with ServiceNow PSDS

Malaysian Reserve

time15-07-2025

  • Business
  • Malaysian Reserve

EPAM Secures Multi-Year Deal with States of Guernsey to Transform the Island's Digital Services with ServiceNow PSDS

In a multi-part agreement, EPAM will help the States of Guernsey shape the future of digital government services utilizing ServiceNow® PSDS NEWTOWN, Pa., July 15, 2025 /PRNewswire/ — EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced a multi-year partnership with the States of Guernsey. This collaboration is a key component of Guernsey's new digital strategy, which aims to enhance the security, accessibility and user experience of government services while optimizing decision-making processes and more efficient public service delivery. 'This is a significant milestone for EPAM, as it highlights our continued growth in the region,' said Balazs Fejes, President of Global Business & Chief Revenue Officer at EPAM. 'We are excited to partner with the States of Guernsey to help define the future of digital government services. As a trusted ServiceNow partner and a preferred systems integration (SI) provider for PSDS, we are well-equipped to deliver innovative solutions that support their ambitious digital transformation goals.' With a strategic partnership in place, EPAM is positioned to help Guernsey achieve its ambitious digital strategy goals of having 75% of public interactions and 80% of payments online by 2029. Leveraging ServiceNow1 Public Sector Digital Services (PSDS), EPAM is set to enhance the government's digital services, ensuring they are secure, accessible and user-friendly. As a preferred systems integration (SI) provider for PSDS, EPAM will accelerate digital transformation by seamlessly integrating employees, processes and systems into a unified, AI-powered platform. 'Digitization is crucial for us as a government to drive progress and improve ease and access to public services for our community, which is why we're pleased to partner with EPAM,' said Gé Drossaert, the States' Chief Digital and Information Officer. 'Digital is no longer just about IT systems—it's about transforming how islanders live, connect and work.' 'We are excited to collaborate with EPAM in supporting the States of Guernsey's ambitious digital transformation goals,' said Casey Coleman, VP, Global Public Sector at ServiceNow. 'Their vision of 'making all our lives easier and more straightforward' aligns perfectly with the innovations and capabilities of our Public Sector Digital Services (PSDS) on the ServiceNow Platform. Together, we will enhance user experiences, build public trust and drive greater workforce engagement and productivity.' To learn more about how EPAM is shaping the future of business with modern engineering, visit About EPAM Systems Since 1993, EPAM Systems, Inc. has used its software engineering expertise to become a leading global provider of digital engineering, cloud and AI-enabled transformation services, and a leading business and experience consulting partner for global enterprises and ambitious startups. We address our clients' transformation challenges by focusing EPAM Continuum's integrated strategy, experience and technology consulting with our 30+ years of engineering execution to speed our clients' time to market and drive greater value from their innovations and digital investments. We leverage AI and GenAI to deliver transformative solutions that accelerate our clients' digital innovation and enhance their competitive edge. Through platforms like EPAM AI/RUN™ and initiatives like DIALX Lab, we integrate advanced AI technologies into tailored business strategies, driving significant industry impact and fostering continuous innovation. 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. We believe the right solutions are the ones that improve people's lives and fuel competitive advantage for our clients across diverse industries. Our thinking comes to life in the experiences, products and platforms we design and bring to market. Added to the S&P 500 and the Forbes Global 2000 in 2021 and recognized by Glassdoor and Newsweek as Most Loved Workplace, our multidisciplinary teams serve customers across six continents. We are proud to be among the top 15 companies in Information Technology Services in the Fortune 1000 and to be recognized as a leader in the IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services and Worldwide Software Engineering Services. Learn more at and follow us on LinkedIn. Forward-Looking Statements This press release includes estimates and statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as 'may,' 'will,' 'should,' 'believe,' 'expect,' 'anticipate,' 'intend,' 'plan,' 'estimate' or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine and escalation of the war in the surrounding region, political and civil unrest or military action in the geographies where we conduct business and operate, difficult conditions in global capital markets, foreign exchange markets, global trade and the broader economy, the adoption and implementation of artificial intelligence technologies by EPAM and its clients, and the effect that these events may have on client demand and our revenues, operations, access to capital, and profitability. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company's most recent Annual Report on Form 10-K and the factors discussed in the Company's Quarterly Reports on Form 10-Q, particularly under the headings 'Management's Discussion and Analysis of Financial Condition and Results of Operations' and 'Risk Factors' and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law. 1 ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries. Other company names, product names, and logos may be trademarks of the respective companies with which they are associated. Photo: View original content:

States of Guernsey to bring more services online
States of Guernsey to bring more services online

BBC News

time11-07-2025

  • Business
  • BBC News

States of Guernsey to bring more services online

The States of Guernsey is planning to bring more services online with the introduction of an artificial intelligence (AI) government is working with digital transformation company EPAM to implement the ServiceNow platform and to provide "much needed" application support services for the Revenue Service, at a cost of about £5m.Gé Drossaert, the States' chief digital and information officer, said the AI platform would "deliver the digital capabilities the island needs".He said it would provide the digital foundation to enable further services to be brought online in future. Mr Drossaert said ServiceNow was a well-established cloud-based AI-enhanced platform that automated processes, which was crucial for the needed digital transformation of States of Guernsey services. "This will be a long-term project, as we will be starting with getting the digital foundations in place that gives us the capabilities we need to develop a roadmap to increasing over time the number of digital services we offer to the community," he added.A States' spokesperson said the long-term aim was for islanders to be able to easily transact with public services online, for the completion of tax returns and online payments, as is possible now, but also for a variety of public services that would be added over time. 'Accessible and user-friendly' The new platform is said to be a key part of the States' Digital Strategy, which sets out plans for enhancing the security, accessibility and user experience of government services while increasing the efficiency of public service delivery.A States spokesperson said both EPAM and ServiceNow were selected following a competitive tender process. EPAM has also been contracted to provide "much needed" application support services for the Revenue Service, previously undertaken by Agilisys, the spokesperson said. Balazs Fejes, president of global business and chief revenue officer at EPAM, said the company was "set to enhance the government's digital services, ensuring they are secure, accessible and user-friendly". He said the firm would be launching an EPAM branch in Guernsey to give them a physical presence on the island, adding they would be looking to create employment opportunities Stirrett, group vice president and general manager, UK and Ireland at ServiceNow, said the "collaboration will help deliver secure, accessible, and user-centric digital experiences for islanders".

The Top 5 Analyst Questions From EPAM's Q1 Earnings Call
The Top 5 Analyst Questions From EPAM's Q1 Earnings Call

Yahoo

time03-07-2025

  • Business
  • Yahoo

The Top 5 Analyst Questions From EPAM's Q1 Earnings Call

EPAM's first quarter results were well received by the market, driven by a combination of strong double-digit revenue growth and continued expansion in advanced AI-related services. Management attributed the performance to higher client engagement across core verticals, meaningful progress in cross-selling, and increased demand for digital transformation, particularly in AI-native projects. CEO Arkadiy Dobkin noted that supplier consolidation trends have helped EPAM regain business from clients seeking quality and execution, stating, 'We are encouraged to see EPAM benefit from supplier consolidation activity in our core portfolio,' and highlighted that organic growth exceeded initial expectations. Is now the time to buy EPAM? Find out in our full research report (it's free). Revenue: $1.30 billion vs analyst estimates of $1.28 billion (11.7% year-on-year growth, 1.6% beat) Adjusted EPS: $2.41 vs analyst estimates of $2.27 (6.1% beat) Adjusted EBITDA: $189.5 million vs analyst estimates of $184.1 million (14.6% margin, 3% beat) Revenue Guidance for Q2 CY2025 is $1.33 billion at the midpoint, above analyst estimates of $1.30 billion Management raised its full-year Adjusted EPS guidance to $10.83 at the midpoint, a 2.1% increase Operating Margin: 7.6%, down from 9.5% in the same quarter last year Constant Currency Revenue rose 12.6% year on year (-4.3% in the same quarter last year) Market Capitalization: $10.14 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Bryan Bergin (TD Cowen) asked about the confidence behind raised organic growth guidance and the visibility into second-half demand. CEO Arkadiy Dobkin and CFO Jason Peterson said performance in the first half was better than expected, but visibility for the second half remains limited. Ramsey El-Assal (Barclays) questioned the trajectory of free cash flow and whether recent headwinds were temporary. Peterson explained that Q1 is seasonally low due to bonus payments and milestone billing, and cash flow conversion should normalize, though days sales outstanding may stay slightly elevated. Maggie Nolan (William Blair) inquired about plans to improve gross margin over the year. Peterson cited seasonal benefits, improved utilization, and a renewed focus on operational efficiency but acknowledged that acquisition-related headwinds and wage inflation would persist. David Grossman (Stifel) sought details on client cohort growth, especially outside the top 20 clients. Dobkin explained that returning clients and M&A were driving new customer growth, with improvements accumulating each quarter. Jamie Friedman (Susquehanna) probed into the shift toward fixed-price contracts and its impact on risk and margins. Peterson noted that the change reflects evolving pricing models and shorter-term contracts, especially from acquisitions, but risk is managed through structured arrangements and productivity gains from AI. In the coming quarters, we will be watching (1) the pace of AI-related deal expansion and whether early-stage projects convert to larger, multi-year programs, (2) improvements in utilization and gross margin as EPAM executes on operational efficiency initiatives, and (3) the impact of leadership transition on strategic execution. Additionally, tracking the effect of macroeconomic conditions and client budget trends will be important for assessing the sustainability of growth. EPAM currently trades at $179.03, up from $159.44 just before the earnings. In the wake of this quarter, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today.

EPAM Recognized as Top IT Service Vendor in UK & Ireland for Second Year in a Row
EPAM Recognized as Top IT Service Vendor in UK & Ireland for Second Year in a Row

Malaysian Reserve

time01-07-2025

  • Business
  • Malaysian Reserve

EPAM Recognized as Top IT Service Vendor in UK & Ireland for Second Year in a Row

Ranked number 1 by clients in the UK&I for financial services and technology innovation, EPAM has established itself as a leading IT service provider across overall customer satisfaction, account management, service delivery and application services NEWTOWN, Pa., July 1, 2025 /PRNewswire/ — With organizations under pressure to drive growth, reduce operational costs and mitigate digital risk, many senior IT decision makers are partnering with specialist IT vendors to onboard AI transformation safely, adopt advanced computing practices and enhance human-machine collaboration. EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has been named a Top IT Vendor in the UK and Ireland (UK&I), achieving high customer satisfaction performance rankings across various evaluation criteria by Whitelane Research, an independent organization focused on IT sourcing research across Europe. 'We're honored to be recognized by our clients as a top IT services partner in the UK and Ireland, including securing the number one ranking in financial services and technology innovation,' said Ben Brinkworth, VP, Account Management at EPAM. 'As we evolve into an AI-powered transformation company, we remain focused on helping our clients accelerate their own AI journeys by applying best-in-class AI technologies across the full software development lifecycle, and combining them with our deep engineering expertise, strategic advisory and product delivery capabilities to create measurable value and business outcomes for our clients.' In the 2025 UK&I IT Sourcing Study by Whitelane Research, nearly 400 respondents from the top IT spending organizations evaluated more than 1000 unique IT sourcing relationships based on key performance indicators and by IT domain. Survey respondents evaluated 38 IT service providers across various performance categories, delivering one of the most comprehensive voice-of-the-customer reports on the IT vendor market in the region. In this evaluation, EPAM earned top-tier satisfaction rankings in the following categories: Technology & Service Innovation: EPAM ranked #1 Financial Services: EPAM ranked #1, receiving a rating of 85% General Satisfaction: EPAM received a rating of 83% Account Management Quality: EPAM received a rating of 83% Service Delivery Quality: EPAM received a rating of 83% Application Services: EPAM received a rating of 83% 'In this year's UK&I IT Sourcing Study, EPAM earned high customer-satisfaction rankings across multiple evaluation criteria, particularly cementing its position as an innovation leader in the region,' said Alex Van Den Bergh, Head of Research, Europe at Whitelane Research. 'Surveyed clients consistently highlighted EPAM's deep technical proficiency, exceptional account management and relationship building, agile resource deployment and a partnership-driven operating model that aligns effectively with their strategic priorities.' Recognized throughout Europe by Whitelane Research and clients for commendable customer satisfaction, EPAM helps clients in scaling and transforming across various industries through its technical capabilities across digital, AI, data, cloud and engineering. With more than 1,900 professionals across the UK and Ireland, and regional offices in London, Newcastle, Manchester, Belfast, Dublin and Newry, EPAM delivers leading-edge digital transformation, product design and engineering services tailored to the evolving needs of clients throughout the region. Recent customer-led recognitions by Whitelane Research have underscored EPAM's performance as a highly competitive IT partner to organizations across various European markets: Top IT Vendor in the Nordics, April 2025 Top IT Vendor in the Netherlands, March 2025 Top IT Vendor in Europe, February 2025 Top IT Vendor in Germany, November 2024 Top IT Vendor in Switzerland, September 2024 To see the full survey results, visit: About EPAM SystemsSince 1993, EPAM Systems, Inc. has used its software engineering expertise to become a leading global provider of digital engineering, cloud and AI-enabled transformation services, and a leading business and experience consulting partner for global enterprises and ambitious startups. We address our clients' transformation challenges by focusing EPAM Continuum's integrated strategy, experience and technology consulting with our 30+ years of engineering execution to speed our clients' time to market and drive greater value from their innovations and digital investments. We leverage AI and GenAI to deliver transformative solutions that accelerate our clients' digital innovation and enhance their competitive edge. Through platforms like EPAM AI/RUN™ and initiatives like DIALX Lab, we integrate advanced AI technologies into tailored business strategies, driving significant industry impact and fostering continuous innovation. 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. We believe the right solutions are the ones that improve people's lives and fuel competitive advantage for our clients across diverse industries. Our thinking comes to life in the experiences, products and platforms we design and bring to market. Added to the S&P 500 and the Forbes Global 2000 in 2021 and recognized by Glassdoor and Newsweek as Most Loved Workplace, our multidisciplinary teams serve customers across six continents. We are proud to be among the top 15 companies in Information Technology Services in the Fortune 1000 and to be recognized as a leader in the IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services and Worldwide Software Engineering Services. Learn more at and follow us on LinkedIn. Photo – Logo – View original content:

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