View Past PerformanceEPAM Systems バランスシートの健全性財務の健全性 基準チェック /56EPAM Systemsの総株主資本は$3.4B 、総負債は$165.0Mで、負債比率は4.8%となります。総資産と総負債はそれぞれ$4.7Bと$1.3Bです。 EPAM Systemsの EBIT は$606.8Mで、利息カバレッジ比率-51.6です。現金および短期投資は$1.0Bです。主要情報4.81%負債資本比率US$165.00m負債インタレスト・カバレッジ・レシオ-51.6x現金US$1.04bエクイティUS$3.43b負債合計US$1.27b総資産US$4.70b財務の健全性に関する最新情報分析記事 • Jul 08We Think EPAM Systems (NYSE:EPAM) Can Manage Its Debt With EaseLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...すべての更新を表示Recent updates分析記事 • May 14Investors Can Find Comfort In EPAM Systems' (NYSE:EPAM) Earnings QualityThe most recent earnings report from EPAM Systems, Inc. ( NYSE:EPAM ) was disappointing for shareholders. However, our...Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$90.39, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the IT industry in the US. Total loss to shareholders of 61% over the past three years.お知らせ • May 09EPAM Systems, Inc. Provides Earnings Guidance for Second Quarter and Full Year 2026EPAM Systems, Inc. provided earnings guidance for second quarter and full year 2026. The Company expects revenues will be in the range of $1.400 billion to $1.415 billion for the second quarter, reflecting year-over-year growth of 4.0% at the midpoint of the range; GAAP income from operations to be in the range of 9% to 10% of revenues; and expects GAAP diluted EPS will be in the range of $1.79 to $1.87 for the quarter. The Company now expects the year-over-year revenue growth rate to be in the range of 4.0% to 6.5% for 2026 and continues to GAAP income from operations to be in the range of 10% to 11% of revenues; the company now expects GAAP diluted EPS to be in the range of $8.29 to $8.59.ライブニュース • May 09EPAM Systems Q1 Earnings Beat Expectations as AI Drives Growth but Analysts Trim Price TargetsEPAM reported Q1 2026 revenue of US$1.4b and adjusted EPS of US$2.86, both slightly ahead of analyst expectations, and raised its full-year adjusted EPS forecast to a midpoint of US$13.13 while keeping revenue growth guidance at 4.0% to 6.5%. The company is leaning into AI, reporting over US$125m in AI-native revenue for the quarter, more than 1,300 Claude-certified engineers and a multi-year enterprise AI partnership with Anthropic and Ontic. Analyst views are mixed, with several firms keeping Buy or Overweight ratings but cutting price targets due to softer Q2 demand and discretionary spending risks, while Goldman Sachs downgraded the stock to Neutral with a lower price target. EPAM is clearly putting AI at the center of its next phase of growth, with the Anthropic partnership and its AI/Run and AI/Run Transform programs designed to help clients modernize operations and automate more work. The build-out of a large pool of Claude-certified professionals suggests the company is investing heavily in capabilities that could support those AI-native revenues it is already reporting. On the risk side, management flagged weaker visibility in North America and client spending that is less predictable, which feeds directly into the more cautious Q2 revenue outlook of US$1.41b. That, in turn, is what many analysts are reacting to as they trim price targets or, in Goldman’s case, move to a Neutral stance. For you as an investor, the key question is whether EPAM’s AI push and raised profit outlook offset the near-term demand and discretionary spending headwinds that analysts are highlighting.Price Target Changed • May 09Price target decreased by 20% to US$150Down from US$187, the current price target is an average from 17 analysts. New target price is 44% above last closing price of US$104. Stock is down 42% over the past year. The company is forecast to post earnings per share of US$8.25 for next year compared to US$6.76 last year.Reported Earnings • May 07First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: US$1.53 (up from US$1.29 in 1Q 2025). Revenue: US$1.40b (up 7.6% from 1Q 2025). Net income: US$82.5m (up 12% from 1Q 2025). Profit margin: 5.9% (up from 5.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.お知らせ • May 07Epam Systems, Inc Showcases Production-Ready Ai-Powered Servicenow DevelopmentEPAM Systems, Inc. announced its production-ready AI capabilities for ServiceNow development at Knowledge 2026, taking place on May 5–7, 2026, in Las Vegas, NV. EPAM is already applying these capabilities in production to accelerate ServiceNow instance configuration, code management and feature delivery. EPAM has already applied these capabilities in its own production environment — accelerating instance configuration, resolving defects and delivering new features at speed. Built on Anthropic's Claude Code, EPAM's solution combines platform engineering expertise with practical AI application, positioning the company to help organizations reduce delivery friction, lower operating costs and bring new capabilities to market faster. EPAM will share demonstrations of AI-powered ServiceNow solutions, including: Implementation Analysis: Generating high-quality documentation for any existing feature, enabling teams to work effectively with client instances from day one and eliminating the need for lengthy knowledge transfers. Issue Remediation: Taking issues from bug report to live fix, reproducing issues in the Service Portal, identifying root causes in the codebase, and developing and deploying the fix. New Feature Development: Interpreting complex business requirements to build fully functional catalog items, including form design, validation rules and corresponding flows, all from a natural-language prompt. Event Management Implementation: Creating a complete Event Management implementation directly from a business requirements document and user stories. ServiceNow Upgrade Support: Accelerating upgrades by analyzing skipped records and surfacing downstream risks that humans might miss; all delivered in minutes with a comprehensive report covering deep-dive analysis details and clear recommendations. SDLC Tool Integration: Managing a complete SDLC cycle through a single prompt, from fetching Jira ticket details and understanding the issue to fixing it and closing the ticket with a detailed root cause and fix description. Media and conference attendees are invited to visit EPAM at ServiceNow Knowledge 2026, booth #5758, to see these AI-powered ServiceNow capabilities in action and learn how EPAM is helping organizations move from experimentation to production.ナラティブの更新 • May 04EPAM: AI Execution Milestones Will Likely Unlock Undervalued Upside PotentialEPAM Systems' analyst fair value estimate has been adjusted from $160 to $140 as analysts factor in more modest revenue growth, slightly lower profit margins, a higher discount rate and a reduced future P/E multiple, while still highlighting AI related opportunities from recent investor day commentary. Analyst Commentary Recent research updates on EPAM Systems point to a mixed backdrop, with several Bearish analysts trimming price targets after the company’s latest guidance and investor day.Seeking Alpha • Apr 23EPAM Systems: AI Is A Threat, Yes, But Also An OpportunitySummary EPAM Systems is well-positioned to benefit from the urgent industry shift to memory-safe programming amid rising AI-driven cybersecurity threats. Despite recent share price declines and mediocre growth metrics, EPAM's valuation—TTM GAAP PE of 19.66 and price/sales of 1.35—appears attractive. EPAM's engineering depth and focus on complex, high-value projects make it a preferred partner for AI deployment and unsafe memory migration. I assign a buy rating to EPAM, citing potential undervaluation and strong near- to medium-term catalysts from the memory-safe migration trend. Read the full article on Seeking Alphaナラティブの更新 • Apr 20EPAM: AI Momentum And Margin Expansion Will Support 2026 RecoveryThe updated analyst price target for EPAM Systems edges down from about $191.18 to $187.24, reflecting slightly higher discount rate assumptions and more cautious revenue growth expectations, partly offset by stable profitability and continued confidence in the company's AI opportunities highlighted in recent research. Analyst Commentary Recent research coverage around EPAM Systems has become more mixed, with several firms trimming price targets while still highlighting long term themes such as AI, margin improvement and balance sheet flexibility.お知らせ • Apr 08EPAM Systems, Inc. to Report Q1, 2026 Results on May 07, 2026EPAM Systems, Inc. announced that they will report Q1, 2026 results Pre-Market on May 07, 2026ナラティブの更新 • Apr 05EPAM: AI Adoption And Pricing Power Will Support 2026 RecoveryAnalysts kept the fair value estimate for EPAM Systems steady at $191.18, while modest tweaks to discount rate, revenue growth, profit margin and future P/E assumptions reflect updated views on client headwinds and the potential scale of EPAM's AI business, as highlighted across recent price target changes, which now range from $146 to $235. Analyst Commentary Recent Street research around EPAM Systems clusters around two themes: how quickly the company can translate its AI positioning into material growth and margins, and how much weight to put on client specific headwinds when thinking about valuation.お知らせ • Mar 30EPAM Systems, Inc., Annual General Meeting, May 21, 2026EPAM Systems, Inc., Annual General Meeting, May 21, 2026.ナラティブの更新 • Mar 22EPAM: AI Execution And Margin Expansion Will Support Future UpsideEPAM Systems' updated analyst price target of $263.49, reduced from $275.00, reflects a combination of lower assumed revenue growth and P/E multiples. At the same time, analyst views suggest that AI related demand, pricing trends, and margin initiatives continue to support the long term story, despite client specific and guidance related headwinds.ナラティブの更新 • Mar 08EPAM: AI And Pricing Execution Will Support Transition Rerating Despite 2026 HeadwindThe updated analyst price target for EPAM Systems reflects a modest recalibration lower, with our fair value estimate moving from about $207.53 to $191.18 as analysts factor in softer 2026 guidance tied to specific client headwinds. This is partially offset by ongoing confidence in AI related demand, pricing, and margin potential.ナラティブの更新 • Feb 22EPAM: GenAI Execution And Client Recovery Will Drive Transition ReratingAnalysts have lowered their price targets on EPAM Systems, and our updated fair value estimate has moved from about $220.67 to $207.53. This change reflects more tempered assumptions for revenue growth, margins, and future P/E as the company moves through a transition period while building out its AI business.Reported Earnings • Feb 20Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$6.76 (down from US$7.93 in FY 2024). Revenue: US$5.46b (up 15% from FY 2024). Net income: US$377.7m (down 17% from FY 2024). Profit margin: 6.9% (down from 9.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.お知らせ • Feb 19EPAM Systems, Inc. Provides Earnings Guidance for Fourth Quarter and Full Year 2026EPAM Systems, Inc. provided earnings guidance for Fourth Quarter and Full Year 2026. For the quarter, The Company expects revenues will be in the range of $1.385 billion to $1.400 billion for the first quarter reflecting a year-over-year increase of 7.0% at the midpoint of the range. The Company expects year-over-year revenue growth on an organic constant currency basis to be approximately 2.9% at the midpoint of the range; For the first quarter, EPAM expects GAAP income from operations to be in the range of 7.0% to 8.0% of revenues For the year, The Company expects the year-over-year revenue growth rate to be in the range of 4.5% to 7.5% for 2026. The Company expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 3% to 6%; For the full year, EPAM expects GAAP income from operations to be in the range of 10% to 11% of revenues .Valuation Update With 7 Day Price Move • Feb 18Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$162, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the IT industry in the US. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$262 per share.お知らせ • Feb 17EPAM Systems, Inc. Appoints Ben Hall as Head of Empathy Lab for North AmericaEPAM Systems, Inc. announced that to drive its North American expansion, EPAM has appointed Ben Hall as Head of Empathy Lab for North America, where he will lead growth across the U.S. and Canada. Hall brings more than 20 years of experience in leading enterprise growth at several global creative and technology organizations, including Tata Consulting Services and R/GA.ナラティブの更新 • Feb 08EPAM: GenAI Execution And M&A Integration Will Support A Higher Future MultipleNarrative Update on EPAM Systems The analyst price target for EPAM Systems has shifted from $255 to $275, with analysts pointing to revised assumptions around slightly lower discount rates, higher modeled revenue growth, modestly adjusted profit margins, and a higher future P/E multiple, supported by recent sector upgrades and a series of price target increases across the Street. Analyst Commentary Recent Street research on EPAM Systems has tilted more positive, with several bullish analysts raising price targets and pointing to potential for better execution and improved sentiment around IT services over the medium term.Buy Or Sell Opportunity • Feb 03Now 28% undervaluedOver the last 90 days, the stock has risen 14% to US$183. The fair value is estimated to be US$255, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.1%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.Valuation Update With 7 Day Price Move • Feb 03Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$183, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the IT industry in the US. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$255 per share.ナラティブの更新 • Jan 25EPAM: GenAI And M&A Progress Will Shape Fairly Valued TransitionAnalysts have lifted their fair value estimate for EPAM Systems by about US$13 to roughly US$221, citing updated assumptions for revenue growth, discount rate, profit margin and future P/E that reflect gradual improvement in enterprise IT spending, a neutral stance from new coverage and interest in the company’s GenAI and M&A progress. Analyst Commentary Bullish Takeaways Bullish analysts see room for upside in EPAM Systems' valuation, with higher price targets that assume the shares can support a higher future P/E as conditions in IT services improve.お知らせ • Jan 20EPAM Systems, Inc. to Report Q4, 2025 Results on Feb 19, 2026EPAM Systems, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 19, 2026ナラティブの更新 • Jan 09EPAM: GenAI And M&A Integration Will Drive The Next UpswingNarrative update Analysts now see fair value for EPAM at US$255, down from US$267. This reflects a higher discount rate, more cautious assumptions on revenue growth and profit margins, and mixed but generally constructive Street views on the company’s recovery and GenAI and M&A execution.ナラティブの更新 • Dec 14EPAM: Low Recovery Visibility Will Likely Cap Upside Despite Margin ResilienceAnalysts have trimmed their fair value estimate for EPAM Systems to $160 from $167 per share. This reflects higher perceived risk and slightly softer revenue growth expectations, partly offset by more resilient margins and a lower projected valuation multiple, as recent Street research highlights both limited visibility into recovery and potential upside to near term estimates.ナラティブの更新 • Nov 28EPAM: AI Transition Will Drive Upside Amid Sector ChallengesEPAM Systems Price Target Sees Slight Increase Amid Mixed Analyst Outlook Analysts have modestly raised their price target for EPAM Systems from $207.29 to $207.88. They cite sector-wide structural challenges, but also recognize potential for near-term performance improvements.ナラティブの更新 • Nov 14EPAM: Operational Efficiency Will Drive Recovery Amid Sector-Wide UncertaintiesEPAM Systems' analyst fair value price target has increased by approximately $5 to $207. Analysts point to early signs of recovery and attractive risk/reward, despite industry-wide challenges weighing on near-term growth expectations.分析記事 • Nov 11Market Participants Recognise EPAM Systems, Inc.'s (NYSE:EPAM) Earnings Pushing Shares 28% HigherEPAM Systems, Inc. ( NYSE:EPAM ) shares have had a really impressive month, gaining 28% after a shaky period...分析記事 • Nov 08EPAM Systems, Inc. (NYSE:EPAM) Just Released Its Third-Quarter Earnings: Here's What Analysts ThinkInvestors in EPAM Systems, Inc. ( NYSE:EPAM ) had a good week, as its shares rose 7.2% to close at US$175 following the...Reported Earnings • Nov 06Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: US$1.92 (down from US$2.40 in 3Q 2024). Revenue: US$1.39b (up 19% from 3Q 2024). Net income: US$106.8m (down 22% from 3Q 2024). Profit margin: 7.7% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.お知らせ • Nov 06+ 1 more updateEpam Systems, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal Year 2025EPAM Systems, Inc. provided earnings guidance for the fourth quarter of 2025. For the quarter, the company expects revenues will be in the range of $1.380 billion to $1.395 billion for the fourth quarter, reflecting year-over-year growth of 11.1% at the midpoint of the range. The Company expects the year-over-year revenue growth rate on an organic constant currency basis to be 4.4% at the midpoint of the range; EPAM expects GAAP diluted EPS will be in the range of $2.00 to $2.08 for the quarter. The Company expects weighted average diluted shares outstanding for the quarter to be 55.1 million. The company also expects GAAP income from operations to be in the range of 10.0% to 11.0% of revenues.ナラティブの更新 • Oct 30EPAM: Recovery Momentum And AI Shifts Will Drive Sector TransformationEPAM Systems’ fair value price target was lowered from $206.80 to $202.06, as analysts cite lower revenue growth expectations and ongoing sector headwinds. However, they acknowledge positives in the company’s recovery and risk profile.お知らせ • Oct 23Epam Launches AI/Run™.Transform to Accelerate AI-Native Transformation for the EnterpriseEPAM Systems, Inc. announced the launch of AI/Run™. Transform Playbook -- the next-generation of integrated consulting services built with AI to boost enterprise-wide AI-native transformation. The ROI-driven Playbook leverages EPAM's industry expertise and engineering excellence to help companies accelerate their journey toward becoming AI-native enterprises, positioning them to adapt and excel in ever-changing market dynamics. The comprehensive AI/Run. Transform Playbook defines EPAM's next-gen AI Services model -- a purpose-built strategy that brings together AI-native delivery, strategic consulting and advisory teams, established technical expertise, operational excellence and partner ecosystem technologies. Unlike traditional consulting or fragmented technology deployments, EPAM's AI/Run. Transform integrates . Blueprints, .Talent and . Tools into a single, proven and repeatable playbook that combines 1) AI Business Innovation transformation at scale, and 2) AI Engineering Transformation throughout the entire product development lifecycle. It is powered by proven proprietary AI enablement blueprints that orchestrate multidisciplinary AI-native talent, augmented with agentic capabilities, AI automation and new services and commercial offerings, to ensure adoption-at-scale and to maximize and hedge AI ROI. In practice, the AI/Run. transform Playbook leverages a set of methodologies, blueprints, tools and accelerators to guide and ensure that clients' AI adoption-at-scale is both meaningful and purposeful, generating AI-native revenue faster than traditional revenue streams. It includes: AI/Run. Blueprints that leverage modular "Meet You Where You Are" frameworks and methodologies, AI/Run. Talent bringing together critical thinking, industry expertise and agentic capabilities to shape AI-native delivery teams, and AI/Run. Tools, a collection of proprietary, agentic-powered platforms and leading technology partner ecosystems to accelerate delivery and provide bespoke solutions for clients. EPAM's approach to AI-native adoption is designed to address a critical industry need: aligning technical and business strategies to equip organizations to fully realize the transformation potential of AI. According to Forrester, a research and advisory firm, "Alignment between the technical and business aspects of AI is a pre requisite to an AI strategy to ensure business readiness to use, manage, and scale toward an AI-enabled organization," excerpt from Launch Your AI Strategy from Vision to Execution, published on April 9, 2025. This new, forward-thinking approach to AI-native enterprise adoption is pushing to evolve offerings within industry, reimagine engagement and commercial models with clients and sets the foundation for the talent needs that will be vital in the upcoming years. EPAM is committed to redefining how enterprises innovate, operate and outpace their competitors in the AI era.お知らせ • Oct 21EPAM Systems, Inc. (NYSE:EPAM) announces an Equity Buyback for $1,000 million worth of its shares.EPAM Systems, Inc. (NYSE:EPAM) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common shares. The program will be valid for a period of 24 months.ナラティブの更新 • Oct 16Enterprise AI Adoption Will Transform Cloud Migration And Data EngineeringAnalysts have slightly lowered their price target for EPAM Systems from $211.13 to $206.80. They cited improving growth trends and organizational progress, which are viewed as underappreciated given the company's valuation and risk profile.お知らせ • Oct 07EPAM Systems, Inc. to Report Q3, 2025 Results on Nov 06, 2025EPAM Systems, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 06, 2025Recent Insider Transactions • Oct 05Insider recently sold US$1.5m worth of stockOn the 2nd of October, Sergey Yezhkov sold around 10k shares on-market at roughly US$151 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.6m more than they bought in the last 12 months.お知らせ • Oct 03Epam Systems, Inc. and Boss Unveil A Revolutionary Immersive Spatial Experience, Powered by Apple Vision Pro, That Redefines Motorsport FandomEPAM Systems, Inc. announced its strategic collaboration with BOSS on a revolutionary immersive spatial experience, powered by Apple Vision Pro, that redefines motorsport fandom. This innovation brings fans into the adrenaline-fueled immersion and the heart of the race action. With strategy, design and execution led by EPAM and its Empathy Lab brand teams working side by side, this experience was designed to bring fans closer to the action than ever before, feeling as thrilling and authentic as being a racing driver. From precision visual targeting exercises to 3D spatial puzzles inspired by strategic race decisions, every step demands sharp focus and split-second reflexes. The experience finishes in a spectacular test lap, where the noise of the Aston Martin AMR25 surrounds fans. Launching ahead of the Formula 1®? Singapore Airlines Singapore Grand Prix 2025, the in-store activation debuts October 2 in specially designed installations at select BOSS locations across seven cities: London, Paris, Dusseldorf, Barcelona, Las Vegas, Dubai and Singapore.お知らせ • Sep 22EPAM Systems, Inc.(NYSE:EPAM) dropped from FTSE All-World Index (USD)EPAM Systems, Inc.(NYSE:EPAM) dropped from FTSE All-World Index (USD)ナラティブの更新 • Sep 10Enterprise AI Adoption Will Transform Cloud Migration And Data EngineeringAnalysts have modestly lowered EPAM’s price target amid sector-wide caution and macroeconomic uncertainty, balanced by recognition of its undervalued status and improving growth outlook, resulting in a minor decrease in fair value from $213.31 to $211.12. Analyst Commentary Bullish analysts see EPAM’s current valuation as undervalued, with the stock reflecting minimal credit for its recovering growth and successful global delivery reorganization.Board Change • Sep 04High number of new directorsPresident, CEO & Director Balazs Fejes was the last director to join the board, commencing their role in the last week.Reported Earnings • Aug 08Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$1.56 (down from US$1.71 in 2Q 2024). Revenue: US$1.35b (up 18% from 2Q 2024). Net income: US$88.0m (down 11% from 2Q 2024). Profit margin: 6.5% (down from 8.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 8.8%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.お知らせ • Aug 07+ 1 more updateEPAM Systems, Inc. Raises Earnings Guidance for the Full Year 2025EPAM Systems, Inc. raised earnings guidance for the full year 2025. For the year, the company raised its expected year-over-year revenue growth rate to now be in the range of 13.0% to 15.0% for 2025. Additionally, the Company now expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 3.0% to 5.0%. The company continues to expect GAAP income from operations to be in the range of 9.0% to 10.0% of revenues. EPAM now expects GAAP diluted EPS to be in the range of $6.48 to $6.64.お知らせ • Jul 17EPAM Systems, Inc. Announces Availability of DIAL in the New AWS Marketplace AI Agents and Tools CategoryEPAM Systems, Inc. announced the availability of DIAL in the new AI Agents and Tools category of AWS Marketplace. Customers can now use AWS Marketplace to easily discover, buy and deploy AI agents solutions, including EPAM's DIAL open-source GenAI enterprise platform using their AWS accounts, accelerating agent and agentic workflow development. DIAL is an agentic AI orchestration platform that helps organizations seamlessly integrate and leverage powerful large language models from AWS Bedrock, such as Anthropic Claude, within their existing workflows. The Platform not only supports agentic workflows and data-native reasoning but also addresses key structural challenges of deploying AI-at-scale in production across business functions. It also introduces new approaches to working with structured and unstructured data using AI and fosters collaboration across entire enterprises. EPAM recently announced the DIAL 3.0 Platform which embodies EPAM's commitment and broader vision for enabling enterprise AI adoption through a modular, open-source approach - one that balances innovation velocity with long-term control, interoperability and responsible governance. EPAM DIAL delivers essential capabilities including, empowering business users with intuitive QuickApps to rapidly create AI-driven solutions without coding, while providing developers with powerful CodeApps for building and deploying customized enterprise applications. These capabilities enable organizations to seamlessly integrate AI into daily workflows, driving productivity and operational efficiency-at-scale. These features enable customers to build, manage, and scale their own secure and customized AI applications, providing greater flexibility and control over their AI solutions. With the availability of AI Agents and Tools in AWS Marketplace, customers can significantly accelerate their procurement process to drive AI innovation, reducing the time needed for vendor evaluations and complex negotiations. With centralized purchasing using AWS accounts, customers maintain visibility and control over licensing, payments, and access through AWS.分析記事 • Jul 08We Think EPAM Systems (NYSE:EPAM) Can Manage Its Debt With EaseLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...お知らせ • Jul 08EPAM Systems, Inc. to Report Q2, 2025 Results on Aug 07, 2025EPAM Systems, Inc. announced that they will report Q2, 2025 results on Aug 07, 2025お知らせ • Jun 30+ 4 more updatesEPAM Systems, Inc.(NYSE:EPAM) dropped from Russell 3000E Growth IndexEPAM Systems, Inc.(NYSE:EPAM) dropped from Russell 3000E Growth Index分析記事 • Jun 25Is There An Opportunity With EPAM Systems, Inc.'s (NYSE:EPAM) 41% Undervaluation?Key Insights Using the 2 Stage Free Cash Flow to Equity, EPAM Systems fair value estimate is US$292 EPAM Systems...お知らせ • Jun 24Epam Systems, Inc. Announces the Release of Dial 3.0EPAM Systems, Inc. announced the release of DIAL 3.0, the next iteration of its open-source GenAI platform. More than just a platform release, DIAL 3.0 embodies EPAM's broader vision for enabling enterprise AI adoption through a modular, open-source approach - one that balances innovation velocity with long-term control, interoperability and responsible governance. As enterprises navigate an increasingly complex AI ecosystem marked by rapid model evolution, vendor consolidation and heightened compliance expectations, EPAM continues to invest in open source platforms as a foundational enabler. DIAL 3.0 is the latest expression of this philosophy--a platform designed to help clients accelerate value delivery while avoiding vendor lock-in, bridging commercial models with open innovation. Since its initial launch in 2023, DIAL has matured from an internal enablement tool into a comprehensive framework used by global clients in financial services, healthcare, insurance, consumer packaged goods, retail and more to operationalize Generative AI. With version 3.0, EPAM introduces a platform that not only supports agentic workflows and data-native reasoning but also addresses key structural challenges of deploying AI at scale in production across business functions. It also introduces new approaches to working with structured and unstructured data using AI and fosters collaboration across entire enterprises.分析記事 • May 21Market Participants Recognise EPAM Systems, Inc.'s (NYSE:EPAM) Earnings Pushing Shares 26% HigherEPAM Systems, Inc. ( NYSE:EPAM ) shareholders are no doubt pleased to see that the share price has bounced 26% in the...Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$184, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the IT industry in the US. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$307 per share.Reported Earnings • May 09First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: US$1.29 (down from US$2.01 in 1Q 2024). Revenue: US$1.30b (up 12% from 1Q 2024). Net income: US$73.5m (down 37% from 1Q 2024). Profit margin: 5.6% (down from 10.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.お知らせ • May 08+ 2 more updatesEPAM Systems, Inc. Announces Management Changes, Effective September 1, 2025EPAM Systems, Inc. announced that Arkadiy Dobkin, the Company's Principal Founder, Chairman and President, will transition to the role of Executive Chairman, on September 1, 2025. As part of the planned succession, Balazs Fejes, EPAM's President of Global Business & Chief Revenue Officer, will become President. As Executive Chairman, Mr. Dobkin will continue his commitment to the Company's vision and future success. In this role, he will focus on advancing strategic initiatives and supporting the continuity of EPAM's mission as the Company enters the next phase of its journey. Mr. Dobkin will remain actively engaged in helping to shape EPAM's long-term strategic direction, maintaining key relationships with clients, partners and investors, providing guidance on critical strategic initiatives and promoting the Company's brand worldwide. Working closely with the CEO and leadership team, Mr. Dobkin will help ensure that the values, relationships and strategic focus that have defined EPAM for decades continue to guide its future. Arkadiy Dobkin is the Principal Founder and Executive Chairman of EPAM Systems, Inc. Under his leadership, EPAM has grown from a New Jersey-based start-up with Eastern European roots, into a global leader in digital transformation services, digital platform engineering, and consulting. Mr. Dobkin has been instrumental in pioneering the software product engineering and IT services industries, helping to open the vast software talent pools of Central and Eastern Europe to the global business community. Over the past three decades, he has guided EPAM through sustained global expansion, innovation leadership, and significant milestones, including its successful Initial Public Offering on the New York Stock Exchange in 2012 and its addition to the S&P 500 and Forbes Global 2000 indices in 2021. Under Arkadiy's leadership, EPAM championed and firmly established Digital Product Engineering as a global service model category at enterprise scale. Mr. Dobkin's leadership and contributions have been recognized globally. He was inducted into the Ernst & Young World Entrepreneur of the Year Academy and the Entrepreneur of the Year Hall of Fame. In 2021, he received the Tatra Summit Business Leadership Award from GLOBSEC for his contributions to the tech business environment across the CEE region and beyond, and he has been recognized as one of Philadelphia Business Journal's Most Admired CEOs. He holds a Master of Science degree in Electrical Engineering from Belarusian National Technical University. Balazs Fejes serves as EPAM's President of Global Business & Chief Revenue Officer, where he leads global client engagement, market activities and is responsible for EPAM's global business operations. Prior to June 2024, Mr. Fejes served as President of the Europe and APAC Markets, leading business activities in those regions, co-leading global business operations and overseeing EPAM's banking and financial services business unit. Prior to August 2012, Mr. Fejes served as EPAM's chief technology officer (CTO) and was responsible for ensuring that EPAM's global software development centers were at the leading edge of industry standards for efficiency and quality. Mr. Fejes joined EPAM in 2004 as part of the acquisition of Fathom Technology, a Hungarian software engineering firm which he co-founded and where he served as CTO. Prior to co-founding Fathom Technology Mr. Fejes held senior technical leadership roles at Great Plains (Microsoft Business Solutions) and Scala Business Solutions. Throughout his career, Mr. Fejes has been a hands-on innovator, visionary architect and software engineer, receiving multiple awards and programming championship honors.Price Target Changed • May 07Price target decreased by 7.4% to US$214Down from US$231, the current price target is an average from 21 analysts. New target price is 34% above last closing price of US$159. Stock is down 36% over the past year. The company is forecast to post earnings per share of US$6.88 for next year compared to US$7.93 last year.Price Target Changed • May 02Price target decreased by 7.6% to US$218Down from US$236, the current price target is an average from 21 analysts. New target price is 36% above last closing price of US$160. Stock is down 34% over the past year. The company is forecast to post earnings per share of US$6.88 for next year compared to US$7.93 last year.お知らせ • Apr 08EPAM Systems, Inc. to Report Q1, 2025 Results on May 08, 2025EPAM Systems, Inc. announced that they will report Q1, 2025 results on May 08, 2025お知らせ • Apr 02EPAM Systems, Inc., Annual General Meeting, May 22, 2025EPAM Systems, Inc., Annual General Meeting, May 22, 2025.Seeking Alpha • Mar 31EPAM Systems: Growth Return Goes Unappreciated By The MarketSummary EPAM Systems is finally returning to positive growth momentum, as the company guides improving organic momentum throughout 2025. On the other hand, margins are expected to decline due to the acquisitions of NEORIS and First Derivative, weak pricing power in a still pressured industry, and future growth investments. EPAM stock price has become more attractive, and I estimate 25% upside to a fair value of $210.6. Yet, remaining uncertainty still warrants some caution. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Mar 25Co-Founder exercised options and sold US$3.6m worth of stockOn the 21st of March, Arkadiy Dobkin exercised 50.00k options at around US$61.38, then sold 32k of the shares acquired at an average of US$175 per share and kept the remainder. For the year to December 2018, Arkadiy's total compensation was 11% salary and 89% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Arkadiy's direct individual holding has decreased from 1.71m shares to 1.70m. Company insiders have collectively sold US$6.1m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Mar 11Insider recently sold US$1.1m worth of stockOn the 4th of March, Balazs Fejes sold around 5k shares on-market at roughly US$200 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$13m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Feb 28Insider exercised options to buy US$2.7m worth of stock.On the 25th of February, Victor Dvorkin exercised options to buy 13k shares at a strike price of around US$73.27, costing a total of US$943k. This transaction amounted to 38% of their direct individual holding at the time of the trade. Since March 2024, Victor's direct individual holding has increased from 21.00k shares to 34.02k. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months.Valuation Update With 7 Day Price Move • Feb 27Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$213, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 20x in the IT industry in the US. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$316 per share.Reported Earnings • Feb 20Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: US$7.93 (up from US$7.21 in FY 2023). Revenue: US$4.73b (flat on FY 2023). Net income: US$454.5m (up 9.0% from FY 2023). Profit margin: 9.6% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.お知らせ • Feb 20EPAM Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2025EPAM Systems, Inc. provided earnings guidance for the first quarter and full year 2025. For the quarter, the company expects revenues will be in the range of $1.275 billion to $1.290 billion for the first quarter reflecting a year-over-year increase of 10.0% at the midpoint of the range. The Company expects year-over-year revenue growth on an organic constant currency basis to be approximately flat at the midpoint of the range. EPAM expects GAAP income from operations to be in the range of 6.5% to 7.5% of revenues. EPAM expects GAAP diluted EPS will be in the range of $1.27 to $1.37for the quarter. For the year, the Company expects the year-over-year revenue growth rate to be in the range of 10.0% to 14.0% for 2025. The Company expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 1.0% to 5.0%, EPAM expects GAAP income from operations to be in the range of 9.0% to 10.0% of revenues, EPAM expects GAAP diluted EPS will be in the range of $6.78 to $7.08 for the year.お知らせ • Jan 22EPAM Systems, Inc. to Report Q4, 2024 Results on Feb 20, 2025EPAM Systems, Inc. announced that they will report Q4, 2024 results on Feb 20, 2025Seeking Alpha • Jan 15EPAM Systems Is Undervalued And Positioned Back To Growth ModeSummary EPAM Systems is poised for growth, leveraging AI and strategic acquisitions to enhance global presence and offset revenue losses from Russia operations. Despite geopolitical challenges and a tech consultancy slowdown, EPAM shows resilience with improving book value per share and strong financial management. EPAM's focus on AI capabilities, share buybacks, and a robust balance sheet positions it well for future growth and potential M&A activities. Trading at a significant discount, EPAM's improving balance sheet and positive growth indicators suggest it is currently undervalued, presenting a good buy opportunity. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Dec 12Insider notifies of intention to sell stockVictor Dvorkin intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of December. If the sale is conducted around the recent share price of US$255, it would amount to US$1.8m. Since December 2023, Victor's direct individual holding has increased from 19.19k shares to 21.00k. Company insiders have collectively sold US$15m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Dec 03EPAM Systems, Inc. (NYSE:EPAM) completed the acquisition of First Derivatives (Ireland) Limited from FD Technologies plc (AIM:FDP).EPAM Systems, Inc. (NYSE:EPAM) has entered into an agreement to acquire First Derivatives (Ireland) Limited from FD Technologies plc (AIM:FDP) for £230 million on October 6, 2024. Pursuant to the terms of the Sale and Purchase Agreement, the Company has conditionally agreed to sell the entire issued share capital of the Target to the Purchaser for total consideration of £230 million on a cash-free, debt-free basis. The Group will complete the Group Reorganisation pursuant to which the First Derivative Business (including the Target Group Companies) will be transferred out of the Existing Group and into the Target, to the extent not already held by the Target. The consideration payable by the Purchaser to the Company at completion is expected to be approximately £225 million, following adjustment for debt and debt-like items and a customary working capital adjustment. As part of the Divestment, the Company and the Purchaser have entered into a Transitional Services Agreement. After customary closing adjustments, transaction and separation costs, net cash proceeds are expected to be approximately £205 million. The Purchaser may terminate the Sale and Purchase Agreement with immediate effect if a Material Breach occurs prior to the satisfaction of the Conditions and which either (a) cannot be remedied; or (b) if capable of remedy, is not remedied, in each case within 20 Business Days from the date on which the Company is made aware of such Material Breach. For the year ending February 29, 2024, First Derivative Business had a revenue of £169.7 million and adjusted EBITDA of £18 million. Completion of the Sale and Purchase Agreement is conditional upon satisfaction or (where applicable) waiver of the following conditions, a) the passing of the Resolution at the General Meeting (the "Shareholder Approval Condition"); b) in relation to the Group Reorganisation: (i) the Target Group being an original party or becoming a party by way of assignment, transfer or novation to certain customer contracts that together accounted for at least 80% of the First Derivative Business's revenue for the financial year ended 29 February 2024 (and disregarding certain customer contracts as agreed in writing between the parties); (c) the Irish Competition and Consumer Protection Commission having determined (or being deemed to have determined) pursuant to Part 3 of the Irish Competition Act 2002 (as amended) that the Divestment may be put into effect (the "Competition Condition"). The acquisition is subject to customary closing conditions, including the receipt of necessary regulatory clearances, and is expected to close in the fourth quarter of 2024. Following completion of the Divestment the Group is expected to apply the net proceeds to: (i) repay the Group's net debt, which was approximately £20 million on 31 August 2024; (ii) to provide the financial resources to execute the KX business plan; and (iii) to return a portion of the proceeds which represents excess capital to shareholders. The Board reiterates its expectation that KX will generate positive cash flow for FY27. As on October 24, 2024, FD Technologies Shareholders at the General Meeting of the Company held earlier today approved the sale of the First Derivative Business to EPAM Systems. Stone Key Partners LLC acted as financial advisor and Faegre Drinker Biddle & Reath LLP acted as legal advisor to EPAM Systems. Eimear Coady, Tim Harrop tax, Nigel Parker and Matt Hamilton-Foyn of Allen Overy Shearman Sterling LLP acted as legal advisor to FD Technologies. Anton Black, Warner Mandel and Mitul Manji of Rothschild & Co, James A. Kelly, Mose Adigun and Will Vanderspar of J.P. Morgan Cazenove, Carlton Nelson and Virginia Bull of Investec Bank plc acted as financial advisor to FD Technologies. EPAM Systems, Inc. (NYSE:EPAM) completed the acquisition of First Derivatives (Ireland) Limited from FD Technologies plc (AIM:FDP) on December 3, 2024. The acquisition successfully closed after meeting all customary closing conditions, including the receipt of necessary regulatory clearances.Price Target Changed • Nov 08Price target increased by 8.5% to US$242Up from US$223, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of US$233. Stock is down 0.8% over the past year. The company is forecast to post earnings per share of US$7.88 for next year compared to US$7.21 last year.Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$2.40 (up from US$1.68 in 3Q 2023). Revenue: US$1.17b (up 1.3% from 3Q 2023). Net income: US$136.3m (up 40% from 3Q 2023). Profit margin: 12% (up from 8.4% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.お知らせ • Nov 08EPAM Systems, Inc., in Collaboration with IMF, Launch StatGPT 2.0, a GenAI Application for Global Economic Data, to SDMX Sponsor OrganizationsEPAM Systems, Inc. announced the release of the StatGPT 2.0 Platform, created in collaboration with the International Monetary Fund (IMF) for evaluating and testing by Statistical Data and Metadata eXchange (SDMX) sponsor organizations and selected national statistical organizations. The Platform will be shown at the 2024 IMF Statistical Forum: Measuring the Implications of AI on the Economy. EPAM's StatGPT 1.0, was initially presented in October 2023 at the World SDMX Congress in Bahrain and then shown at numerous events, including the UNECE meeting of the Conference of European Statisticians and the various SDMX forums. EPAM created StatGPT based on EPAM DIAL and EPAM QuantHub platforms as a cornerstone of its next-generation conversational data exploration and analytics solutions. SDMX is a set of technical standards designed to describe statistical data and metadata, normalize their exchange and improve their efficient sharing across statistical and similar organizations. It is published as ISO 17369. The SDMX initiative also receives support from the Bank for International Settlements (BIS), the European Central Bank (ECB), Eurostat (the statistical office of the European Union), the International Monetary Fund (IMF), the Organisation for Economic Co-operation and Development (OECD), the United Nations Statistics Division (UNSD), and the World Bank. The IMF is a multilateral organization that works to achieve sustainable growth and prosperity for all of its 191 member countries. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being. The new version, StatGPT 2.0, introduces a new approach to data accessibility and user interaction in statistical data management and exchange. It is based on the EPAM DIAL technology and was built over the last six months in close collaboration with IMF experts. The Platform allows users to access and engage with the world's economic and financial data using natural language. It is more efficient than current query tools and ensures users are directed to the right data and understand how to best use it. StatGPT 2.0's evaluation included eight publicly available datasets from international and national statistical agencies and was evaluated by more than 100 representatives from SDMX sponsoring institutions and national statistical organizations.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 23%After last week's 23% share price gain to US$233, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the IT industry in the US. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$438 per share.お知らせ • Nov 07Epam Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and for Full Year 2024EPAM Systems, Inc. provided earnings guidance for the fourth quarter and for full year 2024. For the quarter, the company expects revenues will be in the range of $1.205 billion to $1.215 billion reflecting year-over-year growth of 4.6% at the midpoint of the range. Included in the outlook is an inorganic revenue contribution of 5.7% of which 4.7% comes from NEORIS which was acquired on November 1, 2024. The Company expects that revenues on an organic constant currency basis excluding the impact of the exit from Russia will decline 1.5% at the midpoint of the range; For the fourth quarter, EPAM expects GAAP income from operations to be in the range of 10.5% to 11.5% of revenues and EPAM expects GAAP diluted EPS will be in the range of $1.73to $1.81for the quarter. For the year, the company expects revenues to be $4.685 billion to $4.695 billion for the full year reflecting flat year-over-year growth at the midpoint of the range. Included in the outlook is an inorganic revenue contribution of 2.4% of which 1.2% comes from NEORIS which was acquired on November 1, 2024. The Company now expects revenues on an organic constant currency basis excluding the impact of the exit from Russia will decline 2.3% at the midpoint of the range; For the full year, EPAM expects GAAP income from operations to now be in the range of 11.0% to 11.5% of revenues. EPAM expects GAAP diluted EPS to now be in the range of $7.78 to $7.86.Seeking Alpha • Oct 25EPAM Systems Grinds On As Prospects Decline (Downgrade)Summary EPAM Systems, Inc. faces declining revenue, with meaningful growth primarily in its life science & healthcare segment. The digital transformation market is projected to grow significantly, but EPAM struggles with higher costs and reduced client demand, impacting profitability. Despite strong cash reserves and stock buybacks, EPAM's stock price has fallen 14.4% in the past year, sharply underperforming the benchmark ETF. Generative AI projects have not yet produced meaningful revenue, and EPAM's reluctance to reduce headcount costs further pressures margins. I'm bearish on EPAM for the near term. Read the full article on Seeking Alphaお知らせ • Oct 09EPAM Systems, Inc. to Report Q3, 2024 Results on Nov 07, 2024EPAM Systems, Inc. announced that they will report Q3, 2024 results on Nov 07, 2024お知らせ • Oct 08EPAM Systems, Inc. (NYSE:EPAM) has entered into an agreement to acquire First Derivatives (Ireland) Limited from FD Technologies plc (AIM:FDP) for £230 million.EPAM Systems, Inc. (NYSE:EPAM) has entered into an agreement to acquire First Derivatives (Ireland) Limited from FD Technologies plc (AIM:FDP) for £230 million on October 6, 2024. Pursuant to the terms of the Sale and Purchase Agreement, the Company has conditionally agreed to sell the entire issued share capital of the Target to the Purchaser for total consideration of £230m on a cash-free, debt-free basis. The Group will complete the Group Reorganisation pursuant to which the First Derivative Business (including the Target Group Companies) will be transferred out of the Existing Group and into the Target, to the extent not already held by the Target. The consideration payable by the Purchaser to the Company at completion is expected to be approximately £225 million, following adjustment for debt and debt-like items and a customary working capital adjustment. As part of the Divestment, the Company and the Purchaser have entered into a Transitional Services Agreement. After customary closing adjustments, transaction and separation costs, net cash proceeds are expected to be approximately £205 million. The Purchaser may terminate the Sale and Purchase Agreement with immediate effect if a Material Breach occurs prior to the satisfaction of the Conditions and which either (a) cannot be remedied; or (b) if capable of remedy, is not remedied, in each case within 20 Business Days from the date on which the Company is made aware of such Material Breach. For the year ending February 29, 2024, First Derivative Business had a revenue of £169.7 million and adjusted EBITDA of £18 million. Completion of the Sale and Purchase Agreement is conditional upon satisfaction or (where applicable) waiver of the following conditions, a) the passing of the Resolution at the General Meeting (the "Shareholder Approval Condition"); b) in relation to the Group Reorganisation: (i) the Target Group being an original party or becoming a party by way of assignment, transfer or novation to certain customer contracts that together accounted for at least 80% of the First Derivative Business's revenue for the financial year ended 29 February 2024 (and disregarding certain customer contracts as agreed in writing between the parties); (c) the Irish Competition and Consumer Protection Commission having determined (or being deemed to have determined) pursuant to Part 3 of the Irish Competition Act 2002 (as amended) that the Divestment may be put into effect (the "Competition Condition"). The acquisition is subject to customary closing conditions, including the receipt of necessary regulatory clearances, and is expected to close in the fourth quarter of 2024. Following completion of the Divestment the Group is expected to apply the net proceeds to: (i) repay the Group's net debt, which was approximately £20 million on 31 August 2024; (ii) to provide the financial resources to execute the KX business plan; and (iii) to return a portion of the proceeds which represents excess capital to shareholders. The Board reiterates its expectation that KX will generate positive cash flow for FY27. Stone Key Partners LLC acted as financial advisor and Faegre Drinker Biddle & Reath LLP acted as legal advisor to EPAM Systems. Eimear Coady, Tim Harrop tax, Nigel Parker and Matt Hamilton-Foyn of Allen Overy Shearman Sterling LLP acted as legal advisor to FD Technologies. Anton Black, Warner Mandel and Mitul Manji of Rothschild & Co, James A. Kelly, Mose Adigun and Will Vanderspar of J.P. Morgan Cazenove, Carlton Nelson and Virginia Bull of Investec Bank plc acted as financial advisor to FD Technologies.財務状況分析短期負債: EPAMの 短期資産 ( $2.4B ) が 短期負債 ( $884.3M ) を超えています。長期負債: EPAMの短期資産 ( $2.4B ) が 長期負債 ( $387.4M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: EPAM総負債よりも多くの現金を保有しています。負債の削減: EPAMの負債対資本比率は、過去 5 年間で1.2%から4.8%に増加しました。債務返済能力: EPAMの負債は 営業キャッシュフロー によって 十分にカバー されています ( 360.2% )。インタレストカバレッジ: EPAM支払う利息よりも稼ぐ利息の方が多いので、利息支払い の補償は問題になりません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/17 01:14終値2026/05/15 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋EPAM Systems, Inc. 19 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。34 アナリスト機関Georgios KertsosBerenbergTyler DuPontBofA Global ResearchJason KupferbergBofA Global Research31 その他のアナリストを表示
分析記事 • Jul 08We Think EPAM Systems (NYSE:EPAM) Can Manage Its Debt With EaseLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
分析記事 • May 14Investors Can Find Comfort In EPAM Systems' (NYSE:EPAM) Earnings QualityThe most recent earnings report from EPAM Systems, Inc. ( NYSE:EPAM ) was disappointing for shareholders. However, our...
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$90.39, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the IT industry in the US. Total loss to shareholders of 61% over the past three years.
お知らせ • May 09EPAM Systems, Inc. Provides Earnings Guidance for Second Quarter and Full Year 2026EPAM Systems, Inc. provided earnings guidance for second quarter and full year 2026. The Company expects revenues will be in the range of $1.400 billion to $1.415 billion for the second quarter, reflecting year-over-year growth of 4.0% at the midpoint of the range; GAAP income from operations to be in the range of 9% to 10% of revenues; and expects GAAP diluted EPS will be in the range of $1.79 to $1.87 for the quarter. The Company now expects the year-over-year revenue growth rate to be in the range of 4.0% to 6.5% for 2026 and continues to GAAP income from operations to be in the range of 10% to 11% of revenues; the company now expects GAAP diluted EPS to be in the range of $8.29 to $8.59.
ライブニュース • May 09EPAM Systems Q1 Earnings Beat Expectations as AI Drives Growth but Analysts Trim Price TargetsEPAM reported Q1 2026 revenue of US$1.4b and adjusted EPS of US$2.86, both slightly ahead of analyst expectations, and raised its full-year adjusted EPS forecast to a midpoint of US$13.13 while keeping revenue growth guidance at 4.0% to 6.5%. The company is leaning into AI, reporting over US$125m in AI-native revenue for the quarter, more than 1,300 Claude-certified engineers and a multi-year enterprise AI partnership with Anthropic and Ontic. Analyst views are mixed, with several firms keeping Buy or Overweight ratings but cutting price targets due to softer Q2 demand and discretionary spending risks, while Goldman Sachs downgraded the stock to Neutral with a lower price target. EPAM is clearly putting AI at the center of its next phase of growth, with the Anthropic partnership and its AI/Run and AI/Run Transform programs designed to help clients modernize operations and automate more work. The build-out of a large pool of Claude-certified professionals suggests the company is investing heavily in capabilities that could support those AI-native revenues it is already reporting. On the risk side, management flagged weaker visibility in North America and client spending that is less predictable, which feeds directly into the more cautious Q2 revenue outlook of US$1.41b. That, in turn, is what many analysts are reacting to as they trim price targets or, in Goldman’s case, move to a Neutral stance. For you as an investor, the key question is whether EPAM’s AI push and raised profit outlook offset the near-term demand and discretionary spending headwinds that analysts are highlighting.
Price Target Changed • May 09Price target decreased by 20% to US$150Down from US$187, the current price target is an average from 17 analysts. New target price is 44% above last closing price of US$104. Stock is down 42% over the past year. The company is forecast to post earnings per share of US$8.25 for next year compared to US$6.76 last year.
Reported Earnings • May 07First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: US$1.53 (up from US$1.29 in 1Q 2025). Revenue: US$1.40b (up 7.6% from 1Q 2025). Net income: US$82.5m (up 12% from 1Q 2025). Profit margin: 5.9% (up from 5.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.2%. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.
お知らせ • May 07Epam Systems, Inc Showcases Production-Ready Ai-Powered Servicenow DevelopmentEPAM Systems, Inc. announced its production-ready AI capabilities for ServiceNow development at Knowledge 2026, taking place on May 5–7, 2026, in Las Vegas, NV. EPAM is already applying these capabilities in production to accelerate ServiceNow instance configuration, code management and feature delivery. EPAM has already applied these capabilities in its own production environment — accelerating instance configuration, resolving defects and delivering new features at speed. Built on Anthropic's Claude Code, EPAM's solution combines platform engineering expertise with practical AI application, positioning the company to help organizations reduce delivery friction, lower operating costs and bring new capabilities to market faster. EPAM will share demonstrations of AI-powered ServiceNow solutions, including: Implementation Analysis: Generating high-quality documentation for any existing feature, enabling teams to work effectively with client instances from day one and eliminating the need for lengthy knowledge transfers. Issue Remediation: Taking issues from bug report to live fix, reproducing issues in the Service Portal, identifying root causes in the codebase, and developing and deploying the fix. New Feature Development: Interpreting complex business requirements to build fully functional catalog items, including form design, validation rules and corresponding flows, all from a natural-language prompt. Event Management Implementation: Creating a complete Event Management implementation directly from a business requirements document and user stories. ServiceNow Upgrade Support: Accelerating upgrades by analyzing skipped records and surfacing downstream risks that humans might miss; all delivered in minutes with a comprehensive report covering deep-dive analysis details and clear recommendations. SDLC Tool Integration: Managing a complete SDLC cycle through a single prompt, from fetching Jira ticket details and understanding the issue to fixing it and closing the ticket with a detailed root cause and fix description. Media and conference attendees are invited to visit EPAM at ServiceNow Knowledge 2026, booth #5758, to see these AI-powered ServiceNow capabilities in action and learn how EPAM is helping organizations move from experimentation to production.
ナラティブの更新 • May 04EPAM: AI Execution Milestones Will Likely Unlock Undervalued Upside PotentialEPAM Systems' analyst fair value estimate has been adjusted from $160 to $140 as analysts factor in more modest revenue growth, slightly lower profit margins, a higher discount rate and a reduced future P/E multiple, while still highlighting AI related opportunities from recent investor day commentary. Analyst Commentary Recent research updates on EPAM Systems point to a mixed backdrop, with several Bearish analysts trimming price targets after the company’s latest guidance and investor day.
Seeking Alpha • Apr 23EPAM Systems: AI Is A Threat, Yes, But Also An OpportunitySummary EPAM Systems is well-positioned to benefit from the urgent industry shift to memory-safe programming amid rising AI-driven cybersecurity threats. Despite recent share price declines and mediocre growth metrics, EPAM's valuation—TTM GAAP PE of 19.66 and price/sales of 1.35—appears attractive. EPAM's engineering depth and focus on complex, high-value projects make it a preferred partner for AI deployment and unsafe memory migration. I assign a buy rating to EPAM, citing potential undervaluation and strong near- to medium-term catalysts from the memory-safe migration trend. Read the full article on Seeking Alpha
ナラティブの更新 • Apr 20EPAM: AI Momentum And Margin Expansion Will Support 2026 RecoveryThe updated analyst price target for EPAM Systems edges down from about $191.18 to $187.24, reflecting slightly higher discount rate assumptions and more cautious revenue growth expectations, partly offset by stable profitability and continued confidence in the company's AI opportunities highlighted in recent research. Analyst Commentary Recent research coverage around EPAM Systems has become more mixed, with several firms trimming price targets while still highlighting long term themes such as AI, margin improvement and balance sheet flexibility.
お知らせ • Apr 08EPAM Systems, Inc. to Report Q1, 2026 Results on May 07, 2026EPAM Systems, Inc. announced that they will report Q1, 2026 results Pre-Market on May 07, 2026
ナラティブの更新 • Apr 05EPAM: AI Adoption And Pricing Power Will Support 2026 RecoveryAnalysts kept the fair value estimate for EPAM Systems steady at $191.18, while modest tweaks to discount rate, revenue growth, profit margin and future P/E assumptions reflect updated views on client headwinds and the potential scale of EPAM's AI business, as highlighted across recent price target changes, which now range from $146 to $235. Analyst Commentary Recent Street research around EPAM Systems clusters around two themes: how quickly the company can translate its AI positioning into material growth and margins, and how much weight to put on client specific headwinds when thinking about valuation.
お知らせ • Mar 30EPAM Systems, Inc., Annual General Meeting, May 21, 2026EPAM Systems, Inc., Annual General Meeting, May 21, 2026.
ナラティブの更新 • Mar 22EPAM: AI Execution And Margin Expansion Will Support Future UpsideEPAM Systems' updated analyst price target of $263.49, reduced from $275.00, reflects a combination of lower assumed revenue growth and P/E multiples. At the same time, analyst views suggest that AI related demand, pricing trends, and margin initiatives continue to support the long term story, despite client specific and guidance related headwinds.
ナラティブの更新 • Mar 08EPAM: AI And Pricing Execution Will Support Transition Rerating Despite 2026 HeadwindThe updated analyst price target for EPAM Systems reflects a modest recalibration lower, with our fair value estimate moving from about $207.53 to $191.18 as analysts factor in softer 2026 guidance tied to specific client headwinds. This is partially offset by ongoing confidence in AI related demand, pricing, and margin potential.
ナラティブの更新 • Feb 22EPAM: GenAI Execution And Client Recovery Will Drive Transition ReratingAnalysts have lowered their price targets on EPAM Systems, and our updated fair value estimate has moved from about $220.67 to $207.53. This change reflects more tempered assumptions for revenue growth, margins, and future P/E as the company moves through a transition period while building out its AI business.
Reported Earnings • Feb 20Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: US$6.76 (down from US$7.93 in FY 2024). Revenue: US$5.46b (up 15% from FY 2024). Net income: US$377.7m (down 17% from FY 2024). Profit margin: 6.9% (down from 9.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.
お知らせ • Feb 19EPAM Systems, Inc. Provides Earnings Guidance for Fourth Quarter and Full Year 2026EPAM Systems, Inc. provided earnings guidance for Fourth Quarter and Full Year 2026. For the quarter, The Company expects revenues will be in the range of $1.385 billion to $1.400 billion for the first quarter reflecting a year-over-year increase of 7.0% at the midpoint of the range. The Company expects year-over-year revenue growth on an organic constant currency basis to be approximately 2.9% at the midpoint of the range; For the first quarter, EPAM expects GAAP income from operations to be in the range of 7.0% to 8.0% of revenues For the year, The Company expects the year-over-year revenue growth rate to be in the range of 4.5% to 7.5% for 2026. The Company expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 3% to 6%; For the full year, EPAM expects GAAP income from operations to be in the range of 10% to 11% of revenues .
Valuation Update With 7 Day Price Move • Feb 18Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to US$162, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 12x in the IT industry in the US. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$262 per share.
お知らせ • Feb 17EPAM Systems, Inc. Appoints Ben Hall as Head of Empathy Lab for North AmericaEPAM Systems, Inc. announced that to drive its North American expansion, EPAM has appointed Ben Hall as Head of Empathy Lab for North America, where he will lead growth across the U.S. and Canada. Hall brings more than 20 years of experience in leading enterprise growth at several global creative and technology organizations, including Tata Consulting Services and R/GA.
ナラティブの更新 • Feb 08EPAM: GenAI Execution And M&A Integration Will Support A Higher Future MultipleNarrative Update on EPAM Systems The analyst price target for EPAM Systems has shifted from $255 to $275, with analysts pointing to revised assumptions around slightly lower discount rates, higher modeled revenue growth, modestly adjusted profit margins, and a higher future P/E multiple, supported by recent sector upgrades and a series of price target increases across the Street. Analyst Commentary Recent Street research on EPAM Systems has tilted more positive, with several bullish analysts raising price targets and pointing to potential for better execution and improved sentiment around IT services over the medium term.
Buy Or Sell Opportunity • Feb 03Now 28% undervaluedOver the last 90 days, the stock has risen 14% to US$183. The fair value is estimated to be US$255, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.1%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$183, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the IT industry in the US. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$255 per share.
ナラティブの更新 • Jan 25EPAM: GenAI And M&A Progress Will Shape Fairly Valued TransitionAnalysts have lifted their fair value estimate for EPAM Systems by about US$13 to roughly US$221, citing updated assumptions for revenue growth, discount rate, profit margin and future P/E that reflect gradual improvement in enterprise IT spending, a neutral stance from new coverage and interest in the company’s GenAI and M&A progress. Analyst Commentary Bullish Takeaways Bullish analysts see room for upside in EPAM Systems' valuation, with higher price targets that assume the shares can support a higher future P/E as conditions in IT services improve.
お知らせ • Jan 20EPAM Systems, Inc. to Report Q4, 2025 Results on Feb 19, 2026EPAM Systems, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 19, 2026
ナラティブの更新 • Jan 09EPAM: GenAI And M&A Integration Will Drive The Next UpswingNarrative update Analysts now see fair value for EPAM at US$255, down from US$267. This reflects a higher discount rate, more cautious assumptions on revenue growth and profit margins, and mixed but generally constructive Street views on the company’s recovery and GenAI and M&A execution.
ナラティブの更新 • Dec 14EPAM: Low Recovery Visibility Will Likely Cap Upside Despite Margin ResilienceAnalysts have trimmed their fair value estimate for EPAM Systems to $160 from $167 per share. This reflects higher perceived risk and slightly softer revenue growth expectations, partly offset by more resilient margins and a lower projected valuation multiple, as recent Street research highlights both limited visibility into recovery and potential upside to near term estimates.
ナラティブの更新 • Nov 28EPAM: AI Transition Will Drive Upside Amid Sector ChallengesEPAM Systems Price Target Sees Slight Increase Amid Mixed Analyst Outlook Analysts have modestly raised their price target for EPAM Systems from $207.29 to $207.88. They cite sector-wide structural challenges, but also recognize potential for near-term performance improvements.
ナラティブの更新 • Nov 14EPAM: Operational Efficiency Will Drive Recovery Amid Sector-Wide UncertaintiesEPAM Systems' analyst fair value price target has increased by approximately $5 to $207. Analysts point to early signs of recovery and attractive risk/reward, despite industry-wide challenges weighing on near-term growth expectations.
分析記事 • Nov 11Market Participants Recognise EPAM Systems, Inc.'s (NYSE:EPAM) Earnings Pushing Shares 28% HigherEPAM Systems, Inc. ( NYSE:EPAM ) shares have had a really impressive month, gaining 28% after a shaky period...
分析記事 • Nov 08EPAM Systems, Inc. (NYSE:EPAM) Just Released Its Third-Quarter Earnings: Here's What Analysts ThinkInvestors in EPAM Systems, Inc. ( NYSE:EPAM ) had a good week, as its shares rose 7.2% to close at US$175 following the...
Reported Earnings • Nov 06Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: EPS: US$1.92 (down from US$2.40 in 3Q 2024). Revenue: US$1.39b (up 19% from 3Q 2024). Net income: US$106.8m (down 22% from 3Q 2024). Profit margin: 7.7% (down from 12% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
お知らせ • Nov 06+ 1 more updateEpam Systems, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal Year 2025EPAM Systems, Inc. provided earnings guidance for the fourth quarter of 2025. For the quarter, the company expects revenues will be in the range of $1.380 billion to $1.395 billion for the fourth quarter, reflecting year-over-year growth of 11.1% at the midpoint of the range. The Company expects the year-over-year revenue growth rate on an organic constant currency basis to be 4.4% at the midpoint of the range; EPAM expects GAAP diluted EPS will be in the range of $2.00 to $2.08 for the quarter. The Company expects weighted average diluted shares outstanding for the quarter to be 55.1 million. The company also expects GAAP income from operations to be in the range of 10.0% to 11.0% of revenues.
ナラティブの更新 • Oct 30EPAM: Recovery Momentum And AI Shifts Will Drive Sector TransformationEPAM Systems’ fair value price target was lowered from $206.80 to $202.06, as analysts cite lower revenue growth expectations and ongoing sector headwinds. However, they acknowledge positives in the company’s recovery and risk profile.
お知らせ • Oct 23Epam Launches AI/Run™.Transform to Accelerate AI-Native Transformation for the EnterpriseEPAM Systems, Inc. announced the launch of AI/Run™. Transform Playbook -- the next-generation of integrated consulting services built with AI to boost enterprise-wide AI-native transformation. The ROI-driven Playbook leverages EPAM's industry expertise and engineering excellence to help companies accelerate their journey toward becoming AI-native enterprises, positioning them to adapt and excel in ever-changing market dynamics. The comprehensive AI/Run. Transform Playbook defines EPAM's next-gen AI Services model -- a purpose-built strategy that brings together AI-native delivery, strategic consulting and advisory teams, established technical expertise, operational excellence and partner ecosystem technologies. Unlike traditional consulting or fragmented technology deployments, EPAM's AI/Run. Transform integrates . Blueprints, .Talent and . Tools into a single, proven and repeatable playbook that combines 1) AI Business Innovation transformation at scale, and 2) AI Engineering Transformation throughout the entire product development lifecycle. It is powered by proven proprietary AI enablement blueprints that orchestrate multidisciplinary AI-native talent, augmented with agentic capabilities, AI automation and new services and commercial offerings, to ensure adoption-at-scale and to maximize and hedge AI ROI. In practice, the AI/Run. transform Playbook leverages a set of methodologies, blueprints, tools and accelerators to guide and ensure that clients' AI adoption-at-scale is both meaningful and purposeful, generating AI-native revenue faster than traditional revenue streams. It includes: AI/Run. Blueprints that leverage modular "Meet You Where You Are" frameworks and methodologies, AI/Run. Talent bringing together critical thinking, industry expertise and agentic capabilities to shape AI-native delivery teams, and AI/Run. Tools, a collection of proprietary, agentic-powered platforms and leading technology partner ecosystems to accelerate delivery and provide bespoke solutions for clients. EPAM's approach to AI-native adoption is designed to address a critical industry need: aligning technical and business strategies to equip organizations to fully realize the transformation potential of AI. According to Forrester, a research and advisory firm, "Alignment between the technical and business aspects of AI is a pre requisite to an AI strategy to ensure business readiness to use, manage, and scale toward an AI-enabled organization," excerpt from Launch Your AI Strategy from Vision to Execution, published on April 9, 2025. This new, forward-thinking approach to AI-native enterprise adoption is pushing to evolve offerings within industry, reimagine engagement and commercial models with clients and sets the foundation for the talent needs that will be vital in the upcoming years. EPAM is committed to redefining how enterprises innovate, operate and outpace their competitors in the AI era.
お知らせ • Oct 21EPAM Systems, Inc. (NYSE:EPAM) announces an Equity Buyback for $1,000 million worth of its shares.EPAM Systems, Inc. (NYSE:EPAM) announces a share repurchase program. Under the program, the company will repurchase up to $1,000 million worth of its common shares. The program will be valid for a period of 24 months.
ナラティブの更新 • Oct 16Enterprise AI Adoption Will Transform Cloud Migration And Data EngineeringAnalysts have slightly lowered their price target for EPAM Systems from $211.13 to $206.80. They cited improving growth trends and organizational progress, which are viewed as underappreciated given the company's valuation and risk profile.
お知らせ • Oct 07EPAM Systems, Inc. to Report Q3, 2025 Results on Nov 06, 2025EPAM Systems, Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 06, 2025
Recent Insider Transactions • Oct 05Insider recently sold US$1.5m worth of stockOn the 2nd of October, Sergey Yezhkov sold around 10k shares on-market at roughly US$151 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.6m more than they bought in the last 12 months.
お知らせ • Oct 03Epam Systems, Inc. and Boss Unveil A Revolutionary Immersive Spatial Experience, Powered by Apple Vision Pro, That Redefines Motorsport FandomEPAM Systems, Inc. announced its strategic collaboration with BOSS on a revolutionary immersive spatial experience, powered by Apple Vision Pro, that redefines motorsport fandom. This innovation brings fans into the adrenaline-fueled immersion and the heart of the race action. With strategy, design and execution led by EPAM and its Empathy Lab brand teams working side by side, this experience was designed to bring fans closer to the action than ever before, feeling as thrilling and authentic as being a racing driver. From precision visual targeting exercises to 3D spatial puzzles inspired by strategic race decisions, every step demands sharp focus and split-second reflexes. The experience finishes in a spectacular test lap, where the noise of the Aston Martin AMR25 surrounds fans. Launching ahead of the Formula 1®? Singapore Airlines Singapore Grand Prix 2025, the in-store activation debuts October 2 in specially designed installations at select BOSS locations across seven cities: London, Paris, Dusseldorf, Barcelona, Las Vegas, Dubai and Singapore.
お知らせ • Sep 22EPAM Systems, Inc.(NYSE:EPAM) dropped from FTSE All-World Index (USD)EPAM Systems, Inc.(NYSE:EPAM) dropped from FTSE All-World Index (USD)
ナラティブの更新 • Sep 10Enterprise AI Adoption Will Transform Cloud Migration And Data EngineeringAnalysts have modestly lowered EPAM’s price target amid sector-wide caution and macroeconomic uncertainty, balanced by recognition of its undervalued status and improving growth outlook, resulting in a minor decrease in fair value from $213.31 to $211.12. Analyst Commentary Bullish analysts see EPAM’s current valuation as undervalued, with the stock reflecting minimal credit for its recovering growth and successful global delivery reorganization.
Board Change • Sep 04High number of new directorsPresident, CEO & Director Balazs Fejes was the last director to join the board, commencing their role in the last week.
Reported Earnings • Aug 08Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: US$1.56 (down from US$1.71 in 2Q 2024). Revenue: US$1.35b (up 18% from 2Q 2024). Net income: US$88.0m (down 11% from 2Q 2024). Profit margin: 6.5% (down from 8.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 8.8%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 12% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings.
お知らせ • Aug 07+ 1 more updateEPAM Systems, Inc. Raises Earnings Guidance for the Full Year 2025EPAM Systems, Inc. raised earnings guidance for the full year 2025. For the year, the company raised its expected year-over-year revenue growth rate to now be in the range of 13.0% to 15.0% for 2025. Additionally, the Company now expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 3.0% to 5.0%. The company continues to expect GAAP income from operations to be in the range of 9.0% to 10.0% of revenues. EPAM now expects GAAP diluted EPS to be in the range of $6.48 to $6.64.
お知らせ • Jul 17EPAM Systems, Inc. Announces Availability of DIAL in the New AWS Marketplace AI Agents and Tools CategoryEPAM Systems, Inc. announced the availability of DIAL in the new AI Agents and Tools category of AWS Marketplace. Customers can now use AWS Marketplace to easily discover, buy and deploy AI agents solutions, including EPAM's DIAL open-source GenAI enterprise platform using their AWS accounts, accelerating agent and agentic workflow development. DIAL is an agentic AI orchestration platform that helps organizations seamlessly integrate and leverage powerful large language models from AWS Bedrock, such as Anthropic Claude, within their existing workflows. The Platform not only supports agentic workflows and data-native reasoning but also addresses key structural challenges of deploying AI-at-scale in production across business functions. It also introduces new approaches to working with structured and unstructured data using AI and fosters collaboration across entire enterprises. EPAM recently announced the DIAL 3.0 Platform which embodies EPAM's commitment and broader vision for enabling enterprise AI adoption through a modular, open-source approach - one that balances innovation velocity with long-term control, interoperability and responsible governance. EPAM DIAL delivers essential capabilities including, empowering business users with intuitive QuickApps to rapidly create AI-driven solutions without coding, while providing developers with powerful CodeApps for building and deploying customized enterprise applications. These capabilities enable organizations to seamlessly integrate AI into daily workflows, driving productivity and operational efficiency-at-scale. These features enable customers to build, manage, and scale their own secure and customized AI applications, providing greater flexibility and control over their AI solutions. With the availability of AI Agents and Tools in AWS Marketplace, customers can significantly accelerate their procurement process to drive AI innovation, reducing the time needed for vendor evaluations and complex negotiations. With centralized purchasing using AWS accounts, customers maintain visibility and control over licensing, payments, and access through AWS.
分析記事 • Jul 08We Think EPAM Systems (NYSE:EPAM) Can Manage Its Debt With EaseLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
お知らせ • Jul 08EPAM Systems, Inc. to Report Q2, 2025 Results on Aug 07, 2025EPAM Systems, Inc. announced that they will report Q2, 2025 results on Aug 07, 2025
お知らせ • Jun 30+ 4 more updatesEPAM Systems, Inc.(NYSE:EPAM) dropped from Russell 3000E Growth IndexEPAM Systems, Inc.(NYSE:EPAM) dropped from Russell 3000E Growth Index
分析記事 • Jun 25Is There An Opportunity With EPAM Systems, Inc.'s (NYSE:EPAM) 41% Undervaluation?Key Insights Using the 2 Stage Free Cash Flow to Equity, EPAM Systems fair value estimate is US$292 EPAM Systems...
お知らせ • Jun 24Epam Systems, Inc. Announces the Release of Dial 3.0EPAM Systems, Inc. announced the release of DIAL 3.0, the next iteration of its open-source GenAI platform. More than just a platform release, DIAL 3.0 embodies EPAM's broader vision for enabling enterprise AI adoption through a modular, open-source approach - one that balances innovation velocity with long-term control, interoperability and responsible governance. As enterprises navigate an increasingly complex AI ecosystem marked by rapid model evolution, vendor consolidation and heightened compliance expectations, EPAM continues to invest in open source platforms as a foundational enabler. DIAL 3.0 is the latest expression of this philosophy--a platform designed to help clients accelerate value delivery while avoiding vendor lock-in, bridging commercial models with open innovation. Since its initial launch in 2023, DIAL has matured from an internal enablement tool into a comprehensive framework used by global clients in financial services, healthcare, insurance, consumer packaged goods, retail and more to operationalize Generative AI. With version 3.0, EPAM introduces a platform that not only supports agentic workflows and data-native reasoning but also addresses key structural challenges of deploying AI at scale in production across business functions. It also introduces new approaches to working with structured and unstructured data using AI and fosters collaboration across entire enterprises.
分析記事 • May 21Market Participants Recognise EPAM Systems, Inc.'s (NYSE:EPAM) Earnings Pushing Shares 26% HigherEPAM Systems, Inc. ( NYSE:EPAM ) shareholders are no doubt pleased to see that the share price has bounced 26% in the...
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$184, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the IT industry in the US. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$307 per share.
Reported Earnings • May 09First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2025 results: EPS: US$1.29 (down from US$2.01 in 1Q 2024). Revenue: US$1.30b (up 12% from 1Q 2024). Net income: US$73.5m (down 37% from 1Q 2024). Profit margin: 5.6% (down from 10.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
お知らせ • May 08+ 2 more updatesEPAM Systems, Inc. Announces Management Changes, Effective September 1, 2025EPAM Systems, Inc. announced that Arkadiy Dobkin, the Company's Principal Founder, Chairman and President, will transition to the role of Executive Chairman, on September 1, 2025. As part of the planned succession, Balazs Fejes, EPAM's President of Global Business & Chief Revenue Officer, will become President. As Executive Chairman, Mr. Dobkin will continue his commitment to the Company's vision and future success. In this role, he will focus on advancing strategic initiatives and supporting the continuity of EPAM's mission as the Company enters the next phase of its journey. Mr. Dobkin will remain actively engaged in helping to shape EPAM's long-term strategic direction, maintaining key relationships with clients, partners and investors, providing guidance on critical strategic initiatives and promoting the Company's brand worldwide. Working closely with the CEO and leadership team, Mr. Dobkin will help ensure that the values, relationships and strategic focus that have defined EPAM for decades continue to guide its future. Arkadiy Dobkin is the Principal Founder and Executive Chairman of EPAM Systems, Inc. Under his leadership, EPAM has grown from a New Jersey-based start-up with Eastern European roots, into a global leader in digital transformation services, digital platform engineering, and consulting. Mr. Dobkin has been instrumental in pioneering the software product engineering and IT services industries, helping to open the vast software talent pools of Central and Eastern Europe to the global business community. Over the past three decades, he has guided EPAM through sustained global expansion, innovation leadership, and significant milestones, including its successful Initial Public Offering on the New York Stock Exchange in 2012 and its addition to the S&P 500 and Forbes Global 2000 indices in 2021. Under Arkadiy's leadership, EPAM championed and firmly established Digital Product Engineering as a global service model category at enterprise scale. Mr. Dobkin's leadership and contributions have been recognized globally. He was inducted into the Ernst & Young World Entrepreneur of the Year Academy and the Entrepreneur of the Year Hall of Fame. In 2021, he received the Tatra Summit Business Leadership Award from GLOBSEC for his contributions to the tech business environment across the CEE region and beyond, and he has been recognized as one of Philadelphia Business Journal's Most Admired CEOs. He holds a Master of Science degree in Electrical Engineering from Belarusian National Technical University. Balazs Fejes serves as EPAM's President of Global Business & Chief Revenue Officer, where he leads global client engagement, market activities and is responsible for EPAM's global business operations. Prior to June 2024, Mr. Fejes served as President of the Europe and APAC Markets, leading business activities in those regions, co-leading global business operations and overseeing EPAM's banking and financial services business unit. Prior to August 2012, Mr. Fejes served as EPAM's chief technology officer (CTO) and was responsible for ensuring that EPAM's global software development centers were at the leading edge of industry standards for efficiency and quality. Mr. Fejes joined EPAM in 2004 as part of the acquisition of Fathom Technology, a Hungarian software engineering firm which he co-founded and where he served as CTO. Prior to co-founding Fathom Technology Mr. Fejes held senior technical leadership roles at Great Plains (Microsoft Business Solutions) and Scala Business Solutions. Throughout his career, Mr. Fejes has been a hands-on innovator, visionary architect and software engineer, receiving multiple awards and programming championship honors.
Price Target Changed • May 07Price target decreased by 7.4% to US$214Down from US$231, the current price target is an average from 21 analysts. New target price is 34% above last closing price of US$159. Stock is down 36% over the past year. The company is forecast to post earnings per share of US$6.88 for next year compared to US$7.93 last year.
Price Target Changed • May 02Price target decreased by 7.6% to US$218Down from US$236, the current price target is an average from 21 analysts. New target price is 36% above last closing price of US$160. Stock is down 34% over the past year. The company is forecast to post earnings per share of US$6.88 for next year compared to US$7.93 last year.
お知らせ • Apr 08EPAM Systems, Inc. to Report Q1, 2025 Results on May 08, 2025EPAM Systems, Inc. announced that they will report Q1, 2025 results on May 08, 2025
お知らせ • Apr 02EPAM Systems, Inc., Annual General Meeting, May 22, 2025EPAM Systems, Inc., Annual General Meeting, May 22, 2025.
Seeking Alpha • Mar 31EPAM Systems: Growth Return Goes Unappreciated By The MarketSummary EPAM Systems is finally returning to positive growth momentum, as the company guides improving organic momentum throughout 2025. On the other hand, margins are expected to decline due to the acquisitions of NEORIS and First Derivative, weak pricing power in a still pressured industry, and future growth investments. EPAM stock price has become more attractive, and I estimate 25% upside to a fair value of $210.6. Yet, remaining uncertainty still warrants some caution. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Mar 25Co-Founder exercised options and sold US$3.6m worth of stockOn the 21st of March, Arkadiy Dobkin exercised 50.00k options at around US$61.38, then sold 32k of the shares acquired at an average of US$175 per share and kept the remainder. For the year to December 2018, Arkadiy's total compensation was 11% salary and 89% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Arkadiy's direct individual holding has decreased from 1.71m shares to 1.70m. Company insiders have collectively sold US$6.1m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Mar 11Insider recently sold US$1.1m worth of stockOn the 4th of March, Balazs Fejes sold around 5k shares on-market at roughly US$200 per share. This transaction amounted to 98% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$13m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Feb 28Insider exercised options to buy US$2.7m worth of stock.On the 25th of February, Victor Dvorkin exercised options to buy 13k shares at a strike price of around US$73.27, costing a total of US$943k. This transaction amounted to 38% of their direct individual holding at the time of the trade. Since March 2024, Victor's direct individual holding has increased from 21.00k shares to 34.02k. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months.
Valuation Update With 7 Day Price Move • Feb 27Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to US$213, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 20x in the IT industry in the US. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$316 per share.
Reported Earnings • Feb 20Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: US$7.93 (up from US$7.21 in FY 2023). Revenue: US$4.73b (flat on FY 2023). Net income: US$454.5m (up 9.0% from FY 2023). Profit margin: 9.6% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
お知らせ • Feb 20EPAM Systems, Inc. Provides Earnings Guidance for the First Quarter and Full Year 2025EPAM Systems, Inc. provided earnings guidance for the first quarter and full year 2025. For the quarter, the company expects revenues will be in the range of $1.275 billion to $1.290 billion for the first quarter reflecting a year-over-year increase of 10.0% at the midpoint of the range. The Company expects year-over-year revenue growth on an organic constant currency basis to be approximately flat at the midpoint of the range. EPAM expects GAAP income from operations to be in the range of 6.5% to 7.5% of revenues. EPAM expects GAAP diluted EPS will be in the range of $1.27 to $1.37for the quarter. For the year, the Company expects the year-over-year revenue growth rate to be in the range of 10.0% to 14.0% for 2025. The Company expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 1.0% to 5.0%, EPAM expects GAAP income from operations to be in the range of 9.0% to 10.0% of revenues, EPAM expects GAAP diluted EPS will be in the range of $6.78 to $7.08 for the year.
お知らせ • Jan 22EPAM Systems, Inc. to Report Q4, 2024 Results on Feb 20, 2025EPAM Systems, Inc. announced that they will report Q4, 2024 results on Feb 20, 2025
Seeking Alpha • Jan 15EPAM Systems Is Undervalued And Positioned Back To Growth ModeSummary EPAM Systems is poised for growth, leveraging AI and strategic acquisitions to enhance global presence and offset revenue losses from Russia operations. Despite geopolitical challenges and a tech consultancy slowdown, EPAM shows resilience with improving book value per share and strong financial management. EPAM's focus on AI capabilities, share buybacks, and a robust balance sheet positions it well for future growth and potential M&A activities. Trading at a significant discount, EPAM's improving balance sheet and positive growth indicators suggest it is currently undervalued, presenting a good buy opportunity. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Dec 12Insider notifies of intention to sell stockVictor Dvorkin intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of December. If the sale is conducted around the recent share price of US$255, it would amount to US$1.8m. Since December 2023, Victor's direct individual holding has increased from 19.19k shares to 21.00k. Company insiders have collectively sold US$15m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Dec 03EPAM Systems, Inc. (NYSE:EPAM) completed the acquisition of First Derivatives (Ireland) Limited from FD Technologies plc (AIM:FDP).EPAM Systems, Inc. (NYSE:EPAM) has entered into an agreement to acquire First Derivatives (Ireland) Limited from FD Technologies plc (AIM:FDP) for £230 million on October 6, 2024. Pursuant to the terms of the Sale and Purchase Agreement, the Company has conditionally agreed to sell the entire issued share capital of the Target to the Purchaser for total consideration of £230 million on a cash-free, debt-free basis. The Group will complete the Group Reorganisation pursuant to which the First Derivative Business (including the Target Group Companies) will be transferred out of the Existing Group and into the Target, to the extent not already held by the Target. The consideration payable by the Purchaser to the Company at completion is expected to be approximately £225 million, following adjustment for debt and debt-like items and a customary working capital adjustment. As part of the Divestment, the Company and the Purchaser have entered into a Transitional Services Agreement. After customary closing adjustments, transaction and separation costs, net cash proceeds are expected to be approximately £205 million. The Purchaser may terminate the Sale and Purchase Agreement with immediate effect if a Material Breach occurs prior to the satisfaction of the Conditions and which either (a) cannot be remedied; or (b) if capable of remedy, is not remedied, in each case within 20 Business Days from the date on which the Company is made aware of such Material Breach. For the year ending February 29, 2024, First Derivative Business had a revenue of £169.7 million and adjusted EBITDA of £18 million. Completion of the Sale and Purchase Agreement is conditional upon satisfaction or (where applicable) waiver of the following conditions, a) the passing of the Resolution at the General Meeting (the "Shareholder Approval Condition"); b) in relation to the Group Reorganisation: (i) the Target Group being an original party or becoming a party by way of assignment, transfer or novation to certain customer contracts that together accounted for at least 80% of the First Derivative Business's revenue for the financial year ended 29 February 2024 (and disregarding certain customer contracts as agreed in writing between the parties); (c) the Irish Competition and Consumer Protection Commission having determined (or being deemed to have determined) pursuant to Part 3 of the Irish Competition Act 2002 (as amended) that the Divestment may be put into effect (the "Competition Condition"). The acquisition is subject to customary closing conditions, including the receipt of necessary regulatory clearances, and is expected to close in the fourth quarter of 2024. Following completion of the Divestment the Group is expected to apply the net proceeds to: (i) repay the Group's net debt, which was approximately £20 million on 31 August 2024; (ii) to provide the financial resources to execute the KX business plan; and (iii) to return a portion of the proceeds which represents excess capital to shareholders. The Board reiterates its expectation that KX will generate positive cash flow for FY27. As on October 24, 2024, FD Technologies Shareholders at the General Meeting of the Company held earlier today approved the sale of the First Derivative Business to EPAM Systems. Stone Key Partners LLC acted as financial advisor and Faegre Drinker Biddle & Reath LLP acted as legal advisor to EPAM Systems. Eimear Coady, Tim Harrop tax, Nigel Parker and Matt Hamilton-Foyn of Allen Overy Shearman Sterling LLP acted as legal advisor to FD Technologies. Anton Black, Warner Mandel and Mitul Manji of Rothschild & Co, James A. Kelly, Mose Adigun and Will Vanderspar of J.P. Morgan Cazenove, Carlton Nelson and Virginia Bull of Investec Bank plc acted as financial advisor to FD Technologies. EPAM Systems, Inc. (NYSE:EPAM) completed the acquisition of First Derivatives (Ireland) Limited from FD Technologies plc (AIM:FDP) on December 3, 2024. The acquisition successfully closed after meeting all customary closing conditions, including the receipt of necessary regulatory clearances.
Price Target Changed • Nov 08Price target increased by 8.5% to US$242Up from US$223, the current price target is an average from 23 analysts. New target price is approximately in line with last closing price of US$233. Stock is down 0.8% over the past year. The company is forecast to post earnings per share of US$7.88 for next year compared to US$7.21 last year.
Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$2.40 (up from US$1.68 in 3Q 2023). Revenue: US$1.17b (up 1.3% from 3Q 2023). Net income: US$136.3m (up 40% from 3Q 2023). Profit margin: 12% (up from 8.4% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
お知らせ • Nov 08EPAM Systems, Inc., in Collaboration with IMF, Launch StatGPT 2.0, a GenAI Application for Global Economic Data, to SDMX Sponsor OrganizationsEPAM Systems, Inc. announced the release of the StatGPT 2.0 Platform, created in collaboration with the International Monetary Fund (IMF) for evaluating and testing by Statistical Data and Metadata eXchange (SDMX) sponsor organizations and selected national statistical organizations. The Platform will be shown at the 2024 IMF Statistical Forum: Measuring the Implications of AI on the Economy. EPAM's StatGPT 1.0, was initially presented in October 2023 at the World SDMX Congress in Bahrain and then shown at numerous events, including the UNECE meeting of the Conference of European Statisticians and the various SDMX forums. EPAM created StatGPT based on EPAM DIAL and EPAM QuantHub platforms as a cornerstone of its next-generation conversational data exploration and analytics solutions. SDMX is a set of technical standards designed to describe statistical data and metadata, normalize their exchange and improve their efficient sharing across statistical and similar organizations. It is published as ISO 17369. The SDMX initiative also receives support from the Bank for International Settlements (BIS), the European Central Bank (ECB), Eurostat (the statistical office of the European Union), the International Monetary Fund (IMF), the Organisation for Economic Co-operation and Development (OECD), the United Nations Statistics Division (UNSD), and the World Bank. The IMF is a multilateral organization that works to achieve sustainable growth and prosperity for all of its 191 member countries. It does so by supporting economic policies that promote financial stability and monetary cooperation, which are essential to increase productivity, job creation, and economic well-being. The new version, StatGPT 2.0, introduces a new approach to data accessibility and user interaction in statistical data management and exchange. It is based on the EPAM DIAL technology and was built over the last six months in close collaboration with IMF experts. The Platform allows users to access and engage with the world's economic and financial data using natural language. It is more efficient than current query tools and ensures users are directed to the right data and understand how to best use it. StatGPT 2.0's evaluation included eight publicly available datasets from international and national statistical agencies and was evaluated by more than 100 representatives from SDMX sponsoring institutions and national statistical organizations.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improves as stock rises 23%After last week's 23% share price gain to US$233, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the IT industry in the US. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$438 per share.
お知らせ • Nov 07Epam Systems, Inc. Provides Earnings Guidance for the Fourth Quarter and for Full Year 2024EPAM Systems, Inc. provided earnings guidance for the fourth quarter and for full year 2024. For the quarter, the company expects revenues will be in the range of $1.205 billion to $1.215 billion reflecting year-over-year growth of 4.6% at the midpoint of the range. Included in the outlook is an inorganic revenue contribution of 5.7% of which 4.7% comes from NEORIS which was acquired on November 1, 2024. The Company expects that revenues on an organic constant currency basis excluding the impact of the exit from Russia will decline 1.5% at the midpoint of the range; For the fourth quarter, EPAM expects GAAP income from operations to be in the range of 10.5% to 11.5% of revenues and EPAM expects GAAP diluted EPS will be in the range of $1.73to $1.81for the quarter. For the year, the company expects revenues to be $4.685 billion to $4.695 billion for the full year reflecting flat year-over-year growth at the midpoint of the range. Included in the outlook is an inorganic revenue contribution of 2.4% of which 1.2% comes from NEORIS which was acquired on November 1, 2024. The Company now expects revenues on an organic constant currency basis excluding the impact of the exit from Russia will decline 2.3% at the midpoint of the range; For the full year, EPAM expects GAAP income from operations to now be in the range of 11.0% to 11.5% of revenues. EPAM expects GAAP diluted EPS to now be in the range of $7.78 to $7.86.
Seeking Alpha • Oct 25EPAM Systems Grinds On As Prospects Decline (Downgrade)Summary EPAM Systems, Inc. faces declining revenue, with meaningful growth primarily in its life science & healthcare segment. The digital transformation market is projected to grow significantly, but EPAM struggles with higher costs and reduced client demand, impacting profitability. Despite strong cash reserves and stock buybacks, EPAM's stock price has fallen 14.4% in the past year, sharply underperforming the benchmark ETF. Generative AI projects have not yet produced meaningful revenue, and EPAM's reluctance to reduce headcount costs further pressures margins. I'm bearish on EPAM for the near term. Read the full article on Seeking Alpha
お知らせ • Oct 09EPAM Systems, Inc. to Report Q3, 2024 Results on Nov 07, 2024EPAM Systems, Inc. announced that they will report Q3, 2024 results on Nov 07, 2024
お知らせ • Oct 08EPAM Systems, Inc. (NYSE:EPAM) has entered into an agreement to acquire First Derivatives (Ireland) Limited from FD Technologies plc (AIM:FDP) for £230 million.EPAM Systems, Inc. (NYSE:EPAM) has entered into an agreement to acquire First Derivatives (Ireland) Limited from FD Technologies plc (AIM:FDP) for £230 million on October 6, 2024. Pursuant to the terms of the Sale and Purchase Agreement, the Company has conditionally agreed to sell the entire issued share capital of the Target to the Purchaser for total consideration of £230m on a cash-free, debt-free basis. The Group will complete the Group Reorganisation pursuant to which the First Derivative Business (including the Target Group Companies) will be transferred out of the Existing Group and into the Target, to the extent not already held by the Target. The consideration payable by the Purchaser to the Company at completion is expected to be approximately £225 million, following adjustment for debt and debt-like items and a customary working capital adjustment. As part of the Divestment, the Company and the Purchaser have entered into a Transitional Services Agreement. After customary closing adjustments, transaction and separation costs, net cash proceeds are expected to be approximately £205 million. The Purchaser may terminate the Sale and Purchase Agreement with immediate effect if a Material Breach occurs prior to the satisfaction of the Conditions and which either (a) cannot be remedied; or (b) if capable of remedy, is not remedied, in each case within 20 Business Days from the date on which the Company is made aware of such Material Breach. For the year ending February 29, 2024, First Derivative Business had a revenue of £169.7 million and adjusted EBITDA of £18 million. Completion of the Sale and Purchase Agreement is conditional upon satisfaction or (where applicable) waiver of the following conditions, a) the passing of the Resolution at the General Meeting (the "Shareholder Approval Condition"); b) in relation to the Group Reorganisation: (i) the Target Group being an original party or becoming a party by way of assignment, transfer or novation to certain customer contracts that together accounted for at least 80% of the First Derivative Business's revenue for the financial year ended 29 February 2024 (and disregarding certain customer contracts as agreed in writing between the parties); (c) the Irish Competition and Consumer Protection Commission having determined (or being deemed to have determined) pursuant to Part 3 of the Irish Competition Act 2002 (as amended) that the Divestment may be put into effect (the "Competition Condition"). The acquisition is subject to customary closing conditions, including the receipt of necessary regulatory clearances, and is expected to close in the fourth quarter of 2024. Following completion of the Divestment the Group is expected to apply the net proceeds to: (i) repay the Group's net debt, which was approximately £20 million on 31 August 2024; (ii) to provide the financial resources to execute the KX business plan; and (iii) to return a portion of the proceeds which represents excess capital to shareholders. The Board reiterates its expectation that KX will generate positive cash flow for FY27. Stone Key Partners LLC acted as financial advisor and Faegre Drinker Biddle & Reath LLP acted as legal advisor to EPAM Systems. Eimear Coady, Tim Harrop tax, Nigel Parker and Matt Hamilton-Foyn of Allen Overy Shearman Sterling LLP acted as legal advisor to FD Technologies. Anton Black, Warner Mandel and Mitul Manji of Rothschild & Co, James A. Kelly, Mose Adigun and Will Vanderspar of J.P. Morgan Cazenove, Carlton Nelson and Virginia Bull of Investec Bank plc acted as financial advisor to FD Technologies.
