EPAM Systems Inc. operates in the technology sector within the software engineering and digital transformation industry. The company provides advanced technology services to enterprises seeking to modernize systems and accelerate digital initiatives.

Its business model is centered on high-complexity software development and long-term partnerships with global clients.

Its main areas of activity include:

• Custom software engineering and application development.
• Legacy system modernization and digital transformation consulting.
• Cloud services, data analytics and artificial intelligence solutions.
• Digital experience and product design services.
• Technology outsourcing and ongoing IT support.

EPAM relies on a distributed delivery model supported by a large base of highly skilled engineers and long-term client contracts.

Industry dynamics affecting the company include increasing demand for digital transformation, cloud adoption, artificial intelligence integration, competition from global consulting firms and the availability of technical talent.

Shares of EPAM Systems Inc. trade on the New York Stock Exchange (NYSE) under the ticker EPAM.

History and Development

EPAM Systems was founded in 1993 by Arkadiy Dobkin and Leo Lozner as a software engineering services company, at a time when global demand for IT outsourcing was expanding.

In its early years, the company focused on building distributed engineering teams and establishing relationships with international clients requiring complex software solutions. Over time, EPAM expanded its service offerings to include consulting, digital transformation and emerging technologies, strengthening its position as a global technology partner.

A key milestone was its initial public offering (IPO) in 2012, which provided capital to support expansion, acquisitions and capability development. The company also broadened its geographic footprint, opening delivery centers in multiple countries and increasing its presence in key global markets.

In recent years, EPAM has adapted to evolving industry conditions, including remote and hybrid work models, geopolitical shifts and growing demand for cloud, data and AI services.

Additional Information

EPAM Systems Inc. (United States) is listed on the NYSE and has a market capitalization of $5.92 billion, with shareholders equity totaling $3.52 billion.

The company employs approximately 58.820 people and operates in the Information Technology sector, within the IT Services industry.

Over the past 12 months, EPAM Systems Inc. reported $5.62 billion in revenue, generating net income of $401.67 million.

Key financial metrics include a P/E ratio of 14.73, a price-to-book (P/B) ratio of 1.68, and a trailing twelve-month dividend yield of 0.00%.

The company trades under the ticker EPAM.