Epam Systems ( (EPAM) ) has released its Q4 earnings. Here is a breakdown of the information Epam Systems presented to its investors.
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EPAM Systems, Inc. is a global provider of digital engineering, cloud, and AI-enabled transformation services, recognized for its expertise in software engineering and consulting across various industries. The company has recently announced its financial results for the fourth quarter and full year of 2024, highlighting a year-over-year revenue increase and strategic acquisitions. In the fourth quarter of 2024, EPAM reported revenues of $1.248 billion, marking a 7.9% increase from the previous year, alongside increases in both GAAP and non-GAAP earnings per share. For the full year, revenues rose to $4.728 billion, with GAAP diluted EPS experiencing an 11% increase. The acquisition of NEORIS and First Derivative has expanded EPAM’s global delivery capabilities and financial services portfolio. Looking forward, EPAM’s management anticipates a transitional year in 2025, focusing on balancing client cost concerns with the acceleration of digital transformations and AI initiatives, while investing in talent and technology to capture market share as demand stabilizes.
