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4.0
EPAM Systems Inc. operates in the information technology sector, within the technology services, software engineering, and digital transformation subsectors, with its shares traded on the New York Stock Exchange. The company’s foundation is associated with Arkadiy Dobkin and Leo Lozner, professionals with backgrounds in software engineering, enterprise technology, and the management of complex projects.
The company was established in a private setting, without direct government involvement. Its initial motivations were related to the creation of a specialized platform focused on custom software development, engineering process outsourcing, and technology support for global enterprises requiring scalable, high-complexity solutions.
Its core products and services include software engineering and development, legacy system modernization, digital transformation consulting, cloud services, data and analytics, artificial intelligence, and digital experience solutions, serving industries such as financial services, healthcare, consumer goods, media, telecommunications, and industrial sectors.
The company operates on an international scale, with operations across North America, Europe, Latin America, and Asia. Its services support global corporate clients, including large enterprises and institutions, with a significant presence in countries such as the United States, Canada, the United Kingdom, Germany, Poland, India, and other major technology hubs.
Market factors include the accelerating digitalization of business processes, demand for system modernization, adoption of cloud computing, process automation, increased use of data and artificial intelligence, competition from global consulting firms and specialized technology providers, and the availability of skilled software engineering talent.
Operational scale is defined by tens of thousands of technical professionals, operations across multiple delivery centers, and a broad base of global corporate clients. Activities are human-capital intensive and knowledge-driven, involving medium- and long-term projects and recurring revenue streams tied to ongoing contracts.
The operating structure follows a globally distributed model, with development, delivery, and support centers located in multiple countries and integrated through standardized project management and quality processes. The corporate headquarters is located in the United States, with operations organized by region, industry, and service line.
The primary trading ticker is EPAM, listed on the New York Stock Exchange, representing the common shares of EPAM Systems Inc. in the U.S. equity market.
History and foundation
The company was founded in 1993 in the United States, with the establishment of EPAM Systems Inc. as a software development and engineering services provider during a period marked by the expansion of technology outsourcing and the globalization of IT services.In its early years, key challenges included consolidating a distributed delivery model, building highly skilled technical teams, and securing international clients in a competitive market. Early achievements included establishing a reputation for delivering high-complexity technology projects.
Expansion and growth were driven by the broadening of the services portfolio, entry into new industry sectors, the opening of development centers in multiple countries, and the strengthening of relationships with large global corporations undergoing digital transformation initiatives.
Key milestones include the completion of the initial public offering (IPO) in 2012, with the company’s shares listed on the New York Stock Exchange, as well as strategic acquisitions aimed at expanding capabilities in digital design, consulting, and emerging technologies.
Between 2020 and 2024, notable developments included the adaptation of operations to remote and hybrid work environments, expansion in cloud, data, and artificial intelligence services, adjustments to geographic footprint in response to geopolitical factors, organic growth and acquisitions, and fluctuations in share performance influenced by global macroeconomic conditions and sustained demand for technology and digital transformation services.
Additional Information
The Company EPAM Systems Inc. (United States), is listed on NYSE with a market value of $ 11.23 Billions, having an equity of $ 3.73 Billions.
With a total of 58.820 employees, the company is listed in the sector of Information Technology and categorized in industry of IT Services.
In the last 12 months the Company had a revenue of $ 5.30 Billions, which generated a profit in the amount of $ 371.63 Millions.
As for its main indicators, the Company has a P/E ratio of 30.21, a P/BV ratio of 3.01 and in the last 12 months the Company did not pay dividends.
The Company is traded internationally through the ticker EPAM.
