EPAM Systems, Inc. (EPAM)

Over the past six months, EPAM Systems, Inc. stock has shown a 29.27% gain, but its performance over a longer period has been mixed, with a 0.23% rise over the past 30 days and a 12.52% decrease over the past 12 months as of January 2, 2026. A significant positive impact on the stock price came after the release of its Q3 2025 results, driven by strong demand for AI-focused services and digital modernization, leading to an analyst upgrade to 'Buy'. In October 2025, EPAM's Board of Directors authorized a new stock repurchase program of up to $1 billion, which could also positively influence shareholder value.

While explicit detailed information on demand seasonality for EPAM Systems' products and services is not extensively detailed in the search results, there is an indication of typical seasonal impacts. Management has cautioned about the absence of a significant release of excess client budgets in Q4 and typical seasonal impacts such as holidays and furloughs. This suggests that demand for EPAM's services may experience some slowdown or fluctuations during holiday periods and at the end of the calendar year.

EPAM Systems, Inc. is a global provider of digital engineering, cloud, and AI-enabled transformation services, specializing in software engineering services, digital platform engineering, and digital product design. The company operates primarily within the Technology Services sector and the Information Technology Services industry, also identified as IT Consulting and Outsourcing. EPAM's offerings include software engineering and development, digital platform engineering, business and experience consulting, cloud platforms, cybersecurity, and artificial intelligence solutions. Notable proprietary products and platforms include TelescopeAI®, InfoNgen®, EPAM Continuum, EPAM SolutionsHub, and AI/Run Transform Playbook. EPAM has also launched AI agents on Google Cloud Marketplace.

Headquartered in Newtown, Pennsylvania, U.S., EPAM Systems, Inc. has a significant global presence, operating in over 55 countries, including Germany, Switzerland, China, Belarus, the Netherlands, Ukraine, Armenia, the UK, and Poland. North America accounts for approximately 60% of its revenue. EPAM has been actively expanding its geographic footprint, particularly in Latin America (LATAM) and India, with India becoming its second-largest global delivery center and aiming to reach 10,000 employees by March 2025.

EPAM Systems has maintained a strong brand reputation over the past year, marked by several accolades and recognitions. In January 2025, Newsweek recognized EPAM in its 2nd annual Excellence 1000 Index. In February 2025, EPAM was named the Top IT Vendor in Europe for the second consecutive year by Whitelane Research. The company also received positive employee feedback, being recognized as one of Glassdoor's Best-Led Companies in the U.S. in October 2025. Furthermore, EPAM has been recognized with the Microsoft Partner of the Year award, the 2025 AWS Innovation Partner of the Year - Global award, and the 2025 Microsoft Innovate with Azure AI Platform Partner of the Year Award.

EPAM Systems, Inc. has a diverse shareholder base, with institutional investors holding a substantial portion of the company's stock. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Invesco Ltd., Ameriprise Financial Inc, State Street Corp, Capital World Investors, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, and Citadel Advisors Llc. Other significant institutional holders include Columbia Management Investment Advisers, LLC, SBI Funds Management Limited, Baillie Gifford & Co., and Massachusetts Financial Services Co /Ma/. The company's founder, Arkadiy Dobkin, also remains a significant individual shareholder.