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EPAM Systems, Inc. is a leading digital transformation services and product engineering company that provides digital platform engineering and software development services to clients across six continents. The company focuses on building long-term partnerships with clients in various industries by delivering innovative and scalable software solutions, integrated strategy, experience, and technology consulting, along with a continually evolving mix of advanced capabilities . EPAM derives its revenues primarily from time-and-materials and fixed-price contracts, with the majority coming from time-and-material contracts billed using hourly, daily, or monthly rates . The company's service offerings have evolved to provide more customized and integrated solutions, combining software engineering with customer experience design, business consulting, and technology innovation services .
- Professional Services - Delivers customized and integrated solutions that combine software engineering with customer experience design, business consulting, and technology innovation services.
- Licensing and Other Revenues - Generates income from licensing agreements and other miscellaneous sources, contributing a small portion to the overall revenue.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Arkadiy Dobkin ExecutiveBoard | Chairman of the Board, President, and CEO | None | Co-founded EPAM in 1993. Leads the company as Chairman, President, and CEO, driving its growth into a global leader in digital transformation services. | View Report → |
Balazs Fejes Executive | President of Global Business and Chief Revenue Officer | None | Joined EPAM in 2004. Oversees global business operations and revenue generation. Previously served as CTO and SVP of Banking and Financial Services. | |
Boris Shnayder Executive | Senior Vice President, Co-Head of Global Business | None | Joined EPAM in 2015. Oversees business in the Americas and strategy for emerging verticals. | |
Edward Rockwell Executive | Senior Vice President, General Counsel, and Corporate Secretary | Board member of the Greater Philadelphia Chapter of the Association of Corporate Counsel | Joined EPAM in 2018. Oversees legal activities and provides strategic counsel. Previously worked at Red Hat and Hewlett-Packard. | |
Elaina Shekhter Executive | Senior Vice President, Chief Marketing and Strategy Officer | Advisory board member for the MACH Alliance | Joined EPAM in 2001. Leads marketing and strategy, integrating functions that influence EPAM's strategy and messaging. | |
Jason Peterson Executive | Senior Vice President, CFO, and Treasurer | None | Joined EPAM in 2017. Oversees Global Finance, Corporate Development, and Procurement. Has over 25 years of finance experience. | |
Larry Solomon Executive | Senior Vice President, Chief People Officer | None | Joined EPAM in 2016. Oversees talent management and HR functions globally. Previously held leadership roles at Accenture. | |
Sergey Yezhkov Executive | Senior Vice President, Co-Head of Global Business | None | Joined EPAM in 2006. Focuses on North American business and oversees Life Science & Healthcare portfolio. | |
Viktar Dvorkin Executive | Senior Vice President, Head of Global Delivery | None | Joined EPAM in 1997. Leads the strategy and operation of EPAM's Delivery Organization. | |
Chandra McMahon Board | Independent Director | Senior Vice President and Chief Information Security Officer at CVS Health; Member of the Aspen Institute Cyber Strategy Group | Appointed as an Independent Director in 2023. Former SVP and CISO at Verizon. | |
DeAnne Aguirre Board | Independent Director | Board member of Hercules Capital, Inc. and Cisive | Appointed as an Independent Director in 2023. Former Managing Partner at PwC and held leadership roles at Booz Allen & Hamilton. | |
Eugene Roman Board | Independent Director | Principal at Design AI Ltd.; Executive in Residence at Schulich Business School; Board of Governors at York University | Serving as an Independent Director since 2020. Former CIO at Metrolinx and EVP at Canadian Tire Corporation. | |
Helen Shan Board | Independent Director | Member of the Johnson Advisory Council at Cornell University | Serving as an Independent Director since 2018. EVP and Chief Revenue Officer at FactSet Research Systems Inc. | |
Jill Smart Board | Independent Director | Director at AlixPartners, World Kinect Corporation, and HireRight Holdings Corporation; Advisory board member for Cerity Partners, Certree, SucceedSmart, University of Illinois Chicago Athletic Advisory Board, and Gies College of Business Dean’s Business Council | Serving as an Independent Director since 2016. Former CHRO at Accenture and President of the National Academy of Human Resources. | |
Karl Robb Board | Independent Director | Director at Ajax Systems and Visiquate, Inc. | Serving as a Director since 2004. Former EVP and President of EU Operations at EPAM. | |
Richard Michael Mayoras Board | Independent Director | Executive Chairman at OnSolve, LLC; Director at Softeon Inc. and Truecommerce, Inc. | Serving as an Independent Director since 2013. Former President and CEO of RedPrairie Corporation. | |
Robert E. Segert Board | Independent Director | Chairman and CEO of athenahealth, Inc. | Serving as an Independent Director since 2012. Former Chair of the Nominating and Corporate Governance Committee. | |
Ronald Vargo Board | Independent Director | Board member of EnerSys | Serving as an Independent Director since 2012. Former EVP and CFO at ICF International and Electronic Data Systems. |
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Your guidance indicates that operating margins in 2025 will be slightly below 16% even after factoring in the recurring Polish R&D incentives; can you explain the underlying factors causing this margin pressure and how you plan to address them?
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While you expect to return to organic revenue growth in 2025, you mentioned uncertainty about whether it will be "meaningful"; what challenges are limiting stronger growth, and what strategies are in place to accelerate it?
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With the acquisition of Nedis being significant for your expansion, how will you ensure its successful integration without impacting your core operations, and what are the anticipated effects on your revenue and profitability?
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You noted ongoing wage inflation and a lack of improvement in the pricing environment; how are these trends impacting your competitiveness, and what measures are you taking to manage costs while sustaining profitability?
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As you continue to diversify your global delivery hubs, particularly in higher-cost regions like Central Europe, how are you balancing talent acquisition with the impact on your cost structure and margins?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
The company faces competition from this global technology services provider in the rapidly changing markets where it operates. | |
This competitor is one of the technology services providers that the company competes with in delivering software engineering solutions. | |
Capgemini | The company identifies this entity as a competitor in the technology services market. |
This competitor is mentioned as one of the technology services providers competing with the company in its markets. | |
Deloitte Digital | The company competes with this entity in providing technology and consulting services. |
This competitor is listed among the technology services providers that the company faces in its competitive landscape. | |
This entity is one of the specialized consulting firms competing with the company in its markets. | |
The company identifies this competitor as one of the technology services providers in its competitive environment. | |
GlobalLogic | This competitor is mentioned as one of the technology services providers competing with the company. |
The company faces competition from this boutique digital company in its markets. | |
Grid Dynamics | This entity is listed as one of the competitors in the technology services market. |
HCL Technologies | The company competes with this technology services provider in delivering software engineering solutions. |
This competitor is one of the outsourcing companies based in geographies with lower-cost labor that the company faces in its markets. | |
Tata Consultancy Services | The company identifies this entity as a competitor in the technology services market. |
This competitor is mentioned as one of the outsourcing companies competing with the company in its markets. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
NEORIS | 2024 | EPAM Systems acquired 99.7% of NEORIS for approximately $630 million in cash, subject to adjustments for cash, debt, and related expenses. The acquisition, completed on November 1, 2024, strategically enhances EPAM’s global delivery capabilities—especially in Latin America and Europe—by expanding its digital engagement and transformation services, with final accounting adjustments expected in Q4 2024. |
First Derivative | 2024 | EPAM Systems acquired First Derivative for approximately $307.6 million in cash as part of its strategy to bolster its financial services offerings across North America, Europe, and APAC. Completed on December 3, 2024, the deal leverages First Derivative's strong expertise in capital markets and consulting, combining it with EPAM’s digital, AI, cloud, and engineering capabilities to drive innovation in financial services. |
No recent press releases or 8-K filings found for EPAM.