$EPAM EPAM Systems Inc Deep Dive and 2024 Outlook
The systems integrator is still consolidating while AI is not driving growth it requires
EPAM Systems, Inc. is a global software engineering services company founded in 1993 by Arkadiy Dobkin and Leo Lozner. Headquartered in Newtown, Pennsylvania, the company operates globally and offers a range of services including digital and physical product development, digital platform engineering, and integrated advisory, consulting, and technology solutions. EPAM Systems is a leading provider of digital engineering, cloud, and AI-enabled transformation services, as well as a business and experience consulting partner for global enterprises and ambitious startups.
The company's products include TelescopeAI, an artificial intelligence-based platform for IT operations and workforce management, and InfoNgen, a text analytics and sentiment analysis enterprise software product. EPAM Systems has a strong presence in various industries, including healthcare, finance, and technology, and serves customers across six continents. EPAM Systems has been recognized for its growth and innovation, being named to Forbes' 25 Fastest Growing Public Tech Companies list multiple times and joining the S&P 500 in 2021. The company has also received several awards for its products and services, including the BIG Innovation Awards and the Global SDG Awards.
The big questions for EPAM
How will EPAM adapt to changing market conditions and lower demand?
How will EPAM's significant cash position and interest income impact its financials?
Can EPAM maintain profitability and growth despite economic headwinds?
Can EPAM continue to innovate and deliver value to customers in a downturn?
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