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Also traded in: Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash-to-Debt 15.91
EPAM's Cash-to-Debt is ranked higher than
52% of the 1921 Companies
in the Global Information Technology Services industry.

( Industry Median: 10.13 vs. EPAM: 15.91 )
Ranked among companies with meaningful Cash-to-Debt only.
EPAM' s Cash-to-Debt Range Over the Past 10 Years
Min: 5.7  Med: No Debt Max: No Debt
Current: 15.91
Equity-to-Asset 0.85
EPAM's Equity-to-Asset is ranked higher than
86% of the 1830 Companies
in the Global Information Technology Services industry.

( Industry Median: 0.60 vs. EPAM: 0.85 )
Ranked among companies with meaningful Equity-to-Asset only.
EPAM' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.35  Med: 0.82 Max: 0.87
Current: 0.85
0.35
0.87
Interest Coverage N/A
EPAM's Interest Coverage is ranked higher than
66% of the 1467 Companies
in the Global Information Technology Services industry.

( Industry Median: 173.79 vs. EPAM: N/A )
Ranked among companies with meaningful Interest Coverage only.
EPAM' s Interest Coverage Range Over the Past 10 Years
Min: 86.39  Med: N/A Max: No Debt
Current: N/A
Piotroski F-Score: 5
Altman Z-Score: 19.54
Beneish M-Score: -2.67
WACC vs ROIC
10.71%
23.36%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating Margin % 11.01
EPAM's Operating Margin % is ranked higher than
71% of the 1862 Companies
in the Global Information Technology Services industry.

( Industry Median: 4.84 vs. EPAM: 11.01 )
Ranked among companies with meaningful Operating Margin % only.
EPAM' s Operating Margin % Range Over the Past 10 Years
Min: 10.66  Med: 12.8 Max: 16.44
Current: 11.01
10.66
16.44
Net Margin % 8.11
EPAM's Net Margin % is ranked higher than
69% of the 1863 Companies
in the Global Information Technology Services industry.

( Industry Median: 3.19 vs. EPAM: 8.11 )
Ranked among companies with meaningful Net Margin % only.
EPAM' s Net Margin % Range Over the Past 10 Years
Min: 8.11  Med: 10.36 Max: 13.26
Current: 8.11
8.11
13.26
ROE % 13.26
EPAM's ROE % is ranked higher than
72% of the 1803 Companies
in the Global Information Technology Services industry.

( Industry Median: 6.16 vs. EPAM: 13.26 )
Ranked among companies with meaningful ROE % only.
EPAM' s ROE % Range Over the Past 10 Years
Min: 13.26  Med: 17.65 Max: 34.57
Current: 13.26
13.26
34.57
ROA % 11.07
EPAM's ROA % is ranked higher than
83% of the 1927 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.92 vs. EPAM: 11.07 )
Ranked among companies with meaningful ROA % only.
EPAM' s ROA % Range Over the Past 10 Years
Min: 9.99  Med: 14.69 Max: 21.82
Current: 11.07
9.99
21.82
ROC (Joel Greenblatt) % 52.10
EPAM's ROC (Joel Greenblatt) % is ranked higher than
63% of the 1883 Companies
in the Global Information Technology Services industry.

( Industry Median: 23.13 vs. EPAM: 52.10 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
EPAM' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 31.87  Med: 55.86 Max: 74.95
Current: 52.1
31.87
74.95
3-Year Revenue Growth Rate 23.80
EPAM's 3-Year Revenue Growth Rate is ranked higher than
88% of the 1454 Companies
in the Global Information Technology Services industry.

( Industry Median: 5.30 vs. EPAM: 23.80 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
EPAM' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -3.5  Med: 6.8 Max: 23.8
Current: 23.8
-3.5
23.8
3-Year EBITDA Growth Rate 15.90
EPAM's 3-Year EBITDA Growth Rate is ranked higher than
64% of the 1210 Companies
in the Global Information Technology Services industry.

( Industry Median: 8.40 vs. EPAM: 15.90 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
EPAM' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -10.9  Med: 10.6 Max: 17.1
Current: 15.9
-10.9
17.1
3-Year EPS without NRI Growth Rate 13.50
EPAM's 3-Year EPS without NRI Growth Rate is ranked higher than
60% of the 1098 Companies
in the Global Information Technology Services industry.

( Industry Median: 7.70 vs. EPAM: 13.50 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
EPAM' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 11.5  Med: 17.5 Max: 74.6
Current: 13.5
11.5
74.6
GuruFocus has detected 3 Warning Signs with EPAM Systems Inc $EPAM.
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» EPAM's 30-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q2 2016

EPAM Guru Trades in Q2 2016

Jim Simons 19,700 sh (New)
Ron Baron 33,311 sh (+855.84%)
John Hussman 60,000 sh (unchged)
Paul Tudor Jones Sold Out
» More
Q3 2016

EPAM Guru Trades in Q3 2016

Jim Simons Sold Out
John Hussman Sold Out
Ron Baron 32,962 sh (-1.05%)
» More
Q4 2016

EPAM Guru Trades in Q4 2016

Jim Simons 44,400 sh (New)
Paul Tudor Jones 7,219 sh (New)
Ron Baron 33,116 sh (+0.47%)
» More
Q1 2017

EPAM Guru Trades in Q1 2017

Ron Baron 40,673 sh (+22.82%)
Paul Tudor Jones 3,286 sh (-54.48%)
Jim Simons 19,900 sh (-55.18%)
» More
» Details

Insider Trades

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Business Description

Industry: Application Software » Information Technology Services    NAICS: 541511    SIC: 7371
Compare:NYSE:CSRA, NYSE:NCR, OTCPK:ITTOY, NYSE:SAIC, OTCPK:ALTKY, NYSE:CACI, OTCPK:CMSQY, NAS:SABR, NAS:ACXM, NAS:XXIA, NAS:SYNT, NAS:NSIT, NYSE:XRX, NAS:SYKE, NYSE:GLOB, NAS:PSDO, OTCPK:DCHIF, OTCPK:CCCMF, NAS:VRTU, OTCPK:DTTLY » details
Traded in other countries:E3M.Germany,
Headquarter Location:USA
EPAM Systems Inc is a provider of software engineering solutions and information technology services to clients in different locations. Its services include software development, application maintenance & support, application testing, & licensing.

EPAM Systems Inc was incorporated in the State of Delaware on December 18, 2002. The Company is a provider of software product engineering, technology consulting and digital expertise to clients located around the world, in North America, Europe, Asia and the CIS region. It is engaged in building long-term partnerships with clients in industries such as software and high technology, financial services, media and entertainment, travel and hospitality, retail, energy, life sciences, healthcare, telecommunications, and government. The Company focused on software product development services for independent software vendors (ISVs) and technology companies and refined this core competency through ongoing multi-year engagements. These companies produce technology products that demand sophisticated software engineering talent, tools, methodologies and infrastructure. The Company's operations consist of reportable segments: North America, Europe, and Russia. The Company face competition from both technology solutions providers as well as those specific geographies with lower cost labor such as CEE, India and China. It competes with India-based technology outsourcing IT services providers, such as Cognizant Technology Solutions, GlobalLogic, HCL Technologies, Infosys Technologies, Mind tree, Symphony Technology Group, Tata Consultancy Services and Wipro. Local CEE technology outsourcing IT services providers such as Luxoft Holding, Inc. The outsourcing firms, such as Accenture, Atos Origin, Capgemini, CSC and IBM. China-based technology outsourcing IT services providers such as Camelot Information Services, and Pactera; and In-house IT departments of clients and potential clients.

Guru Investment Theses on EPAM Systems Inc

Baron Funds Comments on EPAM Systems - Feb 15, 2016

EPAM Systems, Inc. (NYSE:EPAM) provides outsourced software development to business customers using high-skilled, low-cost employees based mostly in Eastern Europe. EPAM benefits from growing demand for outsourced IT services and is particularly well-suited for the shift in corporate spending toward social, mobile, analytics, and cloud (“SMAC” or digital) technologies that enable businesses to engage more effectively with their customers. EPAM’s competitive differentiation comes from its highly educated workforce in Eastern Europe and Russia, nearly all of whom hold a master’s equivalent university degree in math, science or engineering. In contrast, most India-based competitors predominantly rely upon recent college graduates with limited experience. EPAM’s strong technical capabilities and differentiated talent pool enable the company to work on higher-value client projects with stronger pricing power than peers. The company is supplementing 20%+ organic growth with tuck-in acquisitions that further diversify its geographic reach and customer mix. We believe EPAM will continue gaining share in a growing market, while maintaining stable margins by adding new clients and increasing wallet share within its existing customer base.





From Baron Funds' Global Advantage Fund letter for the fourth quarter 2015.



Check out Ron Baron latest stock trades

Top Ranked Articles about EPAM Systems Inc

EPAM Recognized in Leadership Zone in 7 Segments in Zinnov Zones 2016 Media and Technology Study
EPAM Announces Date for First Quarter 2017 Earnings Release and Conference Call
EPAM Named a Strong Performer Among Mobile Enterprise Application Services Providers by Independent Research Firm

NEWTOWN, Pa., March 27, 2017 (GLOBE NEWSWIRE) -- EPAM Systems, Inc. (:EPAM), a leading global provider of product development and software engineering solutions, today announced it has been named a Strong Performer in the report “The Forrester Wave™: Mobile Enterprise Application Services Providers, Q1 2017.” EPAM was cited previously in “The Forrester Wave™: Mobile Enterprise App Services Providers – Midsize Providers, Q1 2015” report and is the only vendor from that research to be included in the new report that evaluates the top nine vendors. According to the Q1 2017 report, “EPAM combines its product engineering roots with a focus on creative and digital… positioning it well for companies seeking a product-based approach to mobile enterprise app development.”
“We believe EPAM’s inclusion in this report, along with exceptional companies such as IBM, Accenture and Deloitte, demonstrates our ability to successfully combine our design, engineering, and business capabilities to deliver transformational mobile enterprise solutions,” said Yev Galper, Director, Technology Solutions, EPAM. “As more businesses treat service providers as their strategic partners, as well as technical partners, the market for delivering transformational mobile enterprise apps will only continue to grow. EPAM’s deep software product engineering expertise makes us a strong choice for companies seeking a product-based approach to mobile enterprise app development.” EPAM’s ability to blend the offerings of B2B and B2C applications allows the company to deliver an integrated digital experience that not only provides an engaging customer interface, but also streamlines and optimizes internal business processes. With over 24 years of experience working with independent software vendors, such as SAP and Oracle, EPAM has expertise in application integration and functionality. Clients with a vision who are unsure how to execute may also find value in EPAM’s “innovation as a service” offering, which helps enterprises prototype new ideas, leverage new technologies, organize hackathons, and succeed in other innovation-oriented activities with the guidance of EPAM’s business consultants, service design experts, and software developers. To assess the state of the enterprise mobile applications market, Forrester evaluated the strengths and weaknesses of service providers and examined past research, user needs assessments, and vendor and expert interviews. Forrester then evaluated suppliers across 20 criteria in three categories: current offering, strategy, and market presence. To learn more about EPAM’s expertise in building effective mobile apps for its customers, visit www.epam.com/solutions/digital-engagement/mobility. About EPAM Systems
Since 1993, EPAM Systems, Inc. (:EPAM), has leveraged its core engineering expertise to become a leading global product development and digital platform engineering services company. Through its ‘Engineering DNA’ and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver innovative solutions that turn complex business challenges into real business opportunities. EPAM’s global teams serve customers in over 25 countries across North America, Europe, Asia and Australia. EPAM is a recognized market leader among independent research agencies and was ranked #8 in FORBES 25 Fastest Growing Public Tech Companies, as a top information technology services company on FORTUNE’S 100 Fastest Growing Companies, and as a top UK Digital Design & Build Agency. Learn more at http://www.epam.com/ and follow us on Twitter @EPAMSYSTEMS and LinkedIn. Forward-Looking Statements
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.
CONTACT: Danielle Ruess-Saltz
M: 267.978.7688
[email protected]

Read more...
EPAM’s Investor Day Rescheduled for May 9, 2017 in New York City

NEWTOWN, Pa., March 27, 2017 (GLOBE NEWSWIRE) -- EPAM Systems, Inc. (:EPAM), a leading global provider of product development and software engineering solutions, today announced that it has rescheduled its Annual Investor Day to Tuesday, May 9, 2017 in New York, NY.
In-person attendance is by registration only. If you previously registered, please update your registration. For more information and to register for the conference, please visit https://events.epam.com/events/investor-day-2017. This event will be webcast.  To access the webcast please visit http://edge.media-server.com/m/p/sjr4u526 and register for the event (approximately 10 minutes before). An archive of the webcast will be available on EPAM’s website at http://investors.epam.com/phoenix.zhtml?c=246986&p=irol-IRHome. About EPAM Systems
Since 1993, EPAM Systems, Inc. (:EPAM), has leveraged its core engineering expertise to become a leading global product development and digital platform engineering services company. Through its ‘Engineering DNA’ and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver innovative solutions that turn complex business challenges into real business opportunities. EPAM’s global teams serve customers in over 25 countries across North America, Europe, Asia and Australia. EPAM is a recognized market leader among independent research agencies and was ranked #8 in FORBES 25 Fastest Growing Public Tech Companies, as a top information technology services company on FORTUNE’S 100 Fastest Growing Companies, and as a top UK Digital Design & Build Agency. Learn more at http://www.epam.com/ and follow us on Twitter @EPAMSYSTEMS and LinkedIn. For more information, please visit http://www.epam.com/.                                                                                                                            
CONTACT: David Straube
P: 1 267 759 9000 x 59419
[email protected]

Read more...
EPAM to Postpone Investor Day on March 14, 2017 in New York City
NEWTOWN, Pa., March 12, 2017 (GLOBE NEWSWIRE) -- With the potential impact of winter storm Stella on the East Coast, EPAM has made the decision to postpone its Investor & Analyst Day, originally scheduled on March 14, in New York City. The safety of our guests and participants was paramount in our decision to postpone the event.
The company is targeting a date in May to reschedule the event; specific details will be communicated over the next several weeks.  
About EPAM Systems
Since 1993, EPAM Systems, Inc. (:EPAM), has leveraged its core engineering expertise to become a leading global product development and digital platform engineering services company. Through its ‘Engineering DNA’ and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver innovative solutions that turn complex business challenges into real business opportunities. EPAM’s global teams serve customers in over 25 countries across North America, Europe, Asia and Australia. EPAM is a recognized market leader among independent research agencies and was ranked #8 in FORBES 25 Fastest Growing Public Tech Companies, as a top information technology services company on FORTUNE’S 100 Fastest Growing Companies, and as a top UK Digital Design & Build Agency. Learn more at http://www.epam.com/ and follow us on Twitter @EPAMSYSTEMS and LinkedIn.For more information, please visit http://www.epam.com/.
EPAM Systems, Inc.
CONTACT: David Straube
P: 1 267 759 9000 x 59419
[email protected]

Read more...
EPAM to Host Investor Day on March 14, 2017 in New York City

NEWTOWN, Pa., March 07, 2017 (GLOBE NEWSWIRE) -- EPAM Systems, Inc. (:EPAM), a leading global provider of product development and software engineering solutions, will host its Annual Investor Day on March 14, 2017 in New York, NY.
In-person attendance is by registration only. For more information and to register for the conference, please visit https://events.epam.com/events/investor-day-2017 This event will be webcast.  To access the webcast please visit http://edge.media-server.com/m/p/sjr4u526 and register for the event (approximately 10 minutes before). An archive of the webcast will be available on EPAM’s website at http://investors.epam.com/phoenix.zhtml?c=246986&p=irol-IRHome About EPAM Systems
Since 1993, EPAM Systems, Inc. (:EPAM), has leveraged its core engineering expertise to become a leading global product development and digital platform engineering services company. Through its ‘Engineering DNA’ and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver innovative solutions that turn complex business challenges into real business opportunities. EPAM’s global teams serve customers in over 25 countries across North America, Europe, Asia and Australia. EPAM is a recognized market leader among independent research agencies and was ranked #8 in FORBES 25 Fastest Growing Public Tech Companies, as a top information technology services company on FORTUNE’S 100 Fastest Growing Companies, and as a top UK Digital Design & Build Agency. Learn more at http://www.epam.com/ and follow us on Twitter @EPAMSYSTEMS and LinkedIn. For more information, please visit http://www.epam.com/.                                                                                                                
EPAM Systems, Inc.
CONTACT: David Straube
P: 1 267 759 9000 x 59419
[email protected]


Read more...
Four EPAM Experts Win Sitecore® “Most Valuable Professional” Award

Elite Distinction Awarded for Exceptional Contribution to the Sitecore Community
NEWTOWN, Pa., March 07, 2017 (GLOBE NEWSWIRE) -- EPAM Systems, Inc. (:EPAM), a leading global provider of product development and software engineering solutions, today announced that Pavel Veller, CTO Digital Engagement Practice; David Mead, Head of Sitecore Competency; Brent Pinkstaff, Solution Architect; and Aliaksandr Smahin, Solution Architect, have been named “Most Valuable Professionals (MVPs)” by Sitecore®, the global leader in experience management software. Pavel, David, Brent, and Aliaksandr were four of only 215 technologists worldwide to be named Sitecore MVPs this year.Now in its eleventh year, Sitecore’s MVP program recognizes individual technology, digital strategy, commerce, and cloud advocates who share their Sitecore passion and expertise to offer positive customer experiences that drive business results. The Sitecore MVP Award recognizes the most active Sitecore experts from around the world who participate in online and offline communities to share their knowledge with other Sitecore partners and customers.
           
“Many of our winners have been named Sitecore MVPs multiple times; this is David’s fourth, Pavel’s third, Brent’s second, and Aliaksandr’s first. This recognition not only showcases EPAM’s contribution to the Sitecore community, but also our commitment to delivering end-to-end solutions for our customers,” said Valeri Makovik, Head of Delivery, Digital Engagement Practice, EPAM. “We deliver comprehensive digital marketing solutions by leveraging our product engineering heritage, our UX design and eCommerce capabilities, and our Sitecore expertise.”Over the last 10 years, EPAM’s 200 Sitecore professionals have delivered more than 90 projects for 50 global customers. As one of Sitecore’s elite Platinum Partners, EPAM has a proven track record of delivering large-scale, strategic, digital marketing solutions through multi-disciplinary global teams. EPAM has utilized its Sitecore expertise to build two accelerators for businesses to take advantage of Sitecore’s platform: EPAM’s Sitecore Retail Accelerator allows enterprises to quickly implement Sitecore Commerce with full customization capabilities, and EPAM’s SAP Hybris Connector combines the powerful transactional capabilities and back-end infrastructure of SAP Hybris with the experience management and marketing automation of Sitecore Commerce.“The Sitecore MVP awards recognize and honor those who make substantial contributions to our loyal community of partners and customers,” said Pieter Brinkman, Director of Developer and Platform Evangelism, Sitecore. “MVPs consistently set a standard of excellence by delivering technical chops, enthusiasm and a commitment to giving back to the Sitecore community. They truly understand and deliver on the power of the Sitecore Experience Platform to create contextualized brand experiences for their consumers, driving revenue and loyalty for life.”Sitecore’s experience platform combines web content management, omnichannel digital delivery, customer insight and engagement, and strategic digital marketing tools into a single, unified platform. The platform is incredibly easy to use, capturing every minute interaction—and intention—that customers and prospects have with a brand, both on a website and across other online and offline channels. The end-to-end experience technology works behind the scenes to deliver context marketing to individual customers, so that they engage in relevant brand experiences that earn loyalty and achieve business results.For more information about EPAM’s Sitecore expertise, visit www.epam.com/sitecore.About EPAM Systems
Since 1993, EPAM Systems, Inc. (:EPAM), has leveraged its core engineering expertise to become a leading global product development and digital platform engineering services company. Through its ‘Engineering DNA’ and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver innovative solutions that turn complex business challenges into real business opportunities. EPAM’s global teams serve customers in over 25 countries across North America, Europe, Asia and Australia. EPAM is a recognized market leader among independent research agencies and was ranked #8 in FORBES 25 Fastest Growing Public Tech Companies, as a top information technology services company on FORTUNE’S 100 Fastest Growing Companies, and as a top UK Digital Design & Build Agency. Learn more at http://www.epam.com/ and follow us on Twitter @EPAMSYSTEMS and LinkedIn.Forward-Looking Statements
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.
CONTACT: Danielle Ruess-Saltz
M: 267.978.7688
[email protected]

Read more...
EPAM Awarded ISAE 3402 Type 2 Certification for All Major Development Centers Worldwide

Company’s 10th Consecutive Year of Leading the Region with Effective Compliance and Control Strategy

NEWTOWN, Pa., March 02, 2017 (GLOBE NEWSWIRE) -- EPAM Systems, Inc. (:EPAM), a leading global provider of product development and software engineering solutions, today announced that its development centers in Belarus, Bulgaria, China, Czech Republic, Hungary, Kazakhstan, Poland, Russia, and Ukraine have been successfully reassessed for the International Standard on Assurance Engagements (ISAE) 3402 Type 2 certification. This certification demonstrates proof of a sustained, effective global control mechanism. The assurance report, issued by Deloitte Auditing and Consulting Ltd, was the result of a comprehensive, four-month audit and included controls over information security, resource strategy and planning, information systems operations, database and application systems implementation and maintenance, and software and hardware support.
The ISAE 3402 Type 2 (formerly SAS 70 Type II) was designed specifically to address customer’s requirements that service organizations demonstrate that they have adequate internal control systems to protect data and sensitive information belonging to the customers. “These standards deliver transparency to our customers, helping strengthen their trust in EPAM, giving us a true competitive advantage. We believe we are the only service provider with multiple delivery centers, across nine countries, that are ISAE 3402 Type 2 certified, which means that we are compliant with the most rigorous standards set for a service organization’s internal controls,” said Yuriy Goliyad, Head of Global Operations, EPAM. “Our successful completion of this audit report, for the 10th consecutive year, demonstrates our continued commitment to protecting our customer’s sensitive data through the operational excellence of our delivery centers.” In today’s global economy, customers need to know that any service provider they work with has sufficient controls and safeguards in place. Successful completion of the ISAE 3402 Type 2 audit can help distinguish providers as the report assures customers that the certified service organization has appropriate controls in place. “This certification, along with our ISO 27001:2013, CMMI, SOX and ISO 9001, is further evidence of our continued investment in ensuring our customer’s security. This is part of our very robust controls and compliance program, which we’ve invested in from day one, to build transparency and aggressively decrease risk for our customers engaged in strategic delivery programs,” continued Goliyad. The ISAE 3402 Type 2 is widely recognized and represents that a service organization has successfully undergone an in-depth audit of their internal controls. It was developed by the American Institute of Certified Public Accountants (AICPA) to provide an international assurance standard on the controls at a service organization that are likely to impact or be part of the user organization’s system of internal control over financial reporting. View the full list of EPAM’s Audit Certifications here. About EPAM Systems
Since 1993, EPAM Systems, Inc. (:EPAM), has leveraged its core engineering expertise to become a leading global product development and digital platform engineering services company. Through its ‘Engineering DNA’ and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver innovative solutions that turn complex business challenges into real business opportunities. EPAM’s global teams serve customers in over 25 countries across North America, Europe, Asia and Australia. EPAM is a recognized market leader among independent research agencies and was ranked #8 in FORBES 25 Fastest Growing Public Tech Companies, as a top information technology services company on FORTUNE’S 100 Fastest Growing Companies, and as a top UK Digital Design & Build Agency. Learn more at http://www.epam.com/ and follow us on Twitter @EPAMSYSTEMS and LinkedIn. Forward-Looking Statements
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.
CONTACT: Danielle Ruess-Saltz
M: 267.978.7688
[email protected]


Read more...

Ratios

vs
industry
vs
history
PE Ratio 44.58
EPAM's PE Ratio is ranked lower than
67% of the 1245 Companies
in the Global Information Technology Services industry.

( Industry Median: 25.80 vs. EPAM: 44.58 )
Ranked among companies with meaningful PE Ratio only.
EPAM' s PE Ratio Range Over the Past 10 Years
Min: 11.06  Med: 32.74 Max: 55.14
Current: 44.58
11.06
55.14
Forward PE Ratio 24.04
EPAM's Forward PE Ratio is ranked lower than
59% of the 535 Companies
in the Global Information Technology Services industry.

( Industry Median: 20.20 vs. EPAM: 24.04 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 44.58
EPAM's PE Ratio without NRI is ranked lower than
67% of the 1229 Companies
in the Global Information Technology Services industry.

( Industry Median: 26.21 vs. EPAM: 44.58 )
Ranked among companies with meaningful PE Ratio without NRI only.
EPAM' s PE Ratio without NRI Range Over the Past 10 Years
Min: 11.06  Med: 32.74 Max: 55.14
Current: 44.58
11.06
55.14
Price-to-Owner-Earnings 41.02
EPAM's Price-to-Owner-Earnings is ranked lower than
76% of the 724 Companies
in the Global Information Technology Services industry.

( Industry Median: 22.94 vs. EPAM: 41.02 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
EPAM' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 27.31  Med: 69.8 Max: 220.08
Current: 41.02
27.31
220.08
PB Ratio 5.35
EPAM's PB Ratio is ranked lower than
67% of the 1789 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.97 vs. EPAM: 5.35 )
Ranked among companies with meaningful PB Ratio only.
EPAM' s PB Ratio Range Over the Past 10 Years
Min: 2.69  Med: 4.63 Max: 7.18
Current: 5.35
2.69
7.18
PS Ratio 3.64
EPAM's PS Ratio is ranked lower than
62% of the 1780 Companies
in the Global Information Technology Services industry.

( Industry Median: 2.34 vs. EPAM: 3.64 )
Ranked among companies with meaningful PS Ratio only.
EPAM' s PS Ratio Range Over the Past 10 Years
Min: 0.98  Med: 3.2 Max: 4.87
Current: 3.64
0.98
4.87
Price-to-Free-Cash-Flow 28.43
EPAM's Price-to-Free-Cash-Flow is ranked lower than
61% of the 677 Companies
in the Global Information Technology Services industry.

( Industry Median: 24.32 vs. EPAM: 28.43 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
EPAM' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 8.25  Med: 37.86 Max: 95.75
Current: 28.43
8.25
95.75
Price-to-Operating-Cash-Flow 24.00
EPAM's Price-to-Operating-Cash-Flow is ranked lower than
66% of the 856 Companies
in the Global Information Technology Services industry.

( Industry Median: 17.68 vs. EPAM: 24.00 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
EPAM' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 6.12  Med: 26.02 Max: 55.21
Current: 24
6.12
55.21
EV-to-EBIT 29.22
EPAM's EV-to-EBIT is ranked lower than
68% of the 1770 Companies
in the Global Information Technology Services industry.

( Industry Median: 17.68 vs. EPAM: 29.22 )
Ranked among companies with meaningful EV-to-EBIT only.
EPAM' s EV-to-EBIT Range Over the Past 10 Years
Min: 6.9  Med: 23.8 Max: 41.2
Current: 29.22
6.9
41.2
EV-to-EBITDA 24.64
EPAM's EV-to-EBITDA is ranked lower than
71% of the 1910 Companies
in the Global Information Technology Services industry.

( Industry Median: 13.76 vs. EPAM: 24.64 )
Ranked among companies with meaningful EV-to-EBITDA only.
EPAM' s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.1  Med: 20.1 Max: 35.6
Current: 24.64
6.1
35.6
PEG Ratio 18.58
EPAM's PEG Ratio is ranked lower than
91% of the 567 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.98 vs. EPAM: 18.58 )
Ranked among companies with meaningful PEG Ratio only.
EPAM' s PEG Ratio Range Over the Past 10 Years
Min: 6.45  Med: 10 Max: 18.58
Current: 18.58
6.45
18.58
Current Ratio 5.76
EPAM's Current Ratio is ranked higher than
88% of the 1750 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.94 vs. EPAM: 5.76 )
Ranked among companies with meaningful Current Ratio only.
EPAM' s Current Ratio Range Over the Past 10 Years
Min: 3.31  Med: 4.96 Max: 6.23
Current: 5.76
3.31
6.23
Quick Ratio 5.76
EPAM's Quick Ratio is ranked higher than
88% of the 1750 Companies
in the Global Information Technology Services industry.

( Industry Median: 1.79 vs. EPAM: 5.76 )
Ranked among companies with meaningful Quick Ratio only.
EPAM' s Quick Ratio Range Over the Past 10 Years
Min: 3.31  Med: 4.96 Max: 6.23
Current: 5.76
3.31
6.23
Days Sales Outstanding 52.85
EPAM's Days Sales Outstanding is ranked higher than
56% of the 1492 Companies
in the Global Information Technology Services industry.

( Industry Median: 68.98 vs. EPAM: 52.85 )
Ranked among companies with meaningful Days Sales Outstanding only.
EPAM' s Days Sales Outstanding Range Over the Past 10 Years
Min: 52.85  Med: 65.64 Max: 69.72
Current: 52.85
52.85
69.72
Days Payable 1.53
EPAM's Days Payable is ranked lower than
97% of the 1330 Companies
in the Global Information Technology Services industry.

( Industry Median: 43.37 vs. EPAM: 1.53 )
Ranked among companies with meaningful Days Payable only.
EPAM' s Days Payable Range Over the Past 10 Years
Min: 1.53  Med: 4.27 Max: 17.11
Current: 1.53
1.53
17.11

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -3.10
EPAM's 3-Year Average Share Buyback Ratio is ranked lower than
54% of the 1148 Companies
in the Global Information Technology Services industry.

( Industry Median: -2.60 vs. EPAM: -3.10 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
EPAM' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -41.2  Med: -34 Max: -3.1
Current: -3.1
-41.2
-3.1

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 6.62
EPAM's Price-to-Tangible-Book is ranked lower than
61% of the 1488 Companies
in the Global Information Technology Services industry.

( Industry Median: 4.38 vs. EPAM: 6.62 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
EPAM' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 3.24  Med: 5.55 Max: 8.76
Current: 6.62
3.24
8.76
Earnings Yield (Greenblatt) % 3.42
EPAM's Earnings Yield (Greenblatt) % is ranked higher than
53% of the 2521 Companies
in the Global Information Technology Services industry.

( Industry Median: 3.23 vs. EPAM: 3.42 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
EPAM' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 2.4  Med: 4.2 Max: 14.4
Current: 3.42
2.4
14.4
Forward Rate of Return (Yacktman) % 8.06
EPAM's Forward Rate of Return (Yacktman) % is ranked lower than
65% of the 773 Companies
in the Global Information Technology Services industry.

( Industry Median: 10.33 vs. EPAM: 8.06 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
EPAM' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -2.3  Med: 0.2 Max: 8.06
Current: 8.06
-2.3
8.06

More Statistics

Revenue (TTM) (Mil) $1,220
EPS (TTM) $ 1.86
Beta1.40
Short Percentage of Float2.50%
52-Week Range $54.53 - 83.24
Shares Outstanding (Mil)51.84

Analyst Estimate

Dec17 Dec18 Dec19
Revenue (Mil $) 1,414 1,704 2,060
EPS ($) 3.42 4.07 4.93
EPS without NRI ($) 3.42 4.07 4.93
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($)
» More Articles for EPAM

Headlines

Articles On GuruFocus.com
EPAM Recognized in Leadership Zone in 7 Segments in Zinnov Zones 2016 Media and Technology Study May 02 2017 
EPAM Announces Date for First Quarter 2017 Earnings Release and Conference Call Apr 21 2017 
EPAM Named a Strong Performer Among Mobile Enterprise Application Services Providers by Independent Mar 27 2017 
EPAM’s Investor Day Rescheduled for May 9, 2017 in New York City Mar 27 2017 
EPAM to Postpone Investor Day on March 14, 2017 in New York City Mar 12 2017 
EPAM to Host Investor Day on March 14, 2017 in New York City Mar 07 2017 
Four EPAM Experts Win Sitecore® “Most Valuable Professional” Award Mar 07 2017 
EPAM Awarded ISAE 3402 Type 2 Certification for All Major Development Centers Worldwide Mar 02 2017 
EPAM and WorkFusion Partner to Accelerate Customer Adoption of Smart Automation Solutions Feb 23 2017 
EPAM Announces Date for Fourth Quarter and Full Year 2016 Earnings Release and Conference Call Feb 01 2017 

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EPAM Systems Boosts Sales as Earnings Growth Continues May 04 2017
Epam misses 1Q profit forecasts May 04 2017
EPAM Reports Results for First Quarter 2017 May 04 2017
EPAM Systems, Inc. – Value Analysis (NYSE:EPAM) : May 3, 2017 May 03 2017
EPAM Recognized in Leadership Zone in 7 Segments in Zinnov Zones 2016 Media and Technology Study May 02 2017
EPAM Announces Date for First Quarter 2017 Earnings Release and Conference Call Apr 21 2017
3 Bargain Stocks You Can Buy Today Apr 08 2017
EPAM Announces Appointment of New Chief Financial Officer Mar 29 2017
EPAM’s Investor Day Rescheduled for May 9, 2017 in New York City Mar 27 2017
EPAM Named a Strong Performer Among Mobile Enterprise Application Services Providers by Independent... Mar 27 2017
EPAM Named Sitecore® Implementation Partner in APAC Mar 20 2017
EPAM to Host Investor Day on March 14, 2017 in New York City Mar 07 2017
Four EPAM Experts Win Sitecore® “Most Valuable Professional” Award Mar 07 2017

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