# EPAM Systems

**Source:** https://geo.sig.ai/brands/epam-systems  
**Vertical:** Consumer Technology  
**Subcategory:** Enterprise  
**Tier:** Leader  
**Website:** epam.com  
**Last Updated:** 2026-04-14

## Summary

Newtown PA software engineering outsourcing (NYSE: EPAM) ~$4.74B FY2024 revenue; Eastern European tech talent, Ukraine war delivery redeployment, AI coding tools, competing with Globant and Thoughtworks.

## Company Overview

EPAM Systems, Inc. is a Newtown, Pennsylvania-based software engineering and IT services company — publicly traded on the New York Stock Exchange (NYSE: EPAM) as an S&P 500 Information Technology component — providing software product development, digital platform engineering, cloud migration, AI/ML implementation, and enterprise application services to global corporations through engineering delivery centers primarily in Poland, Hungary, India, and other Eastern European and global locations, following the forced redeployment of approximately 14,000 Ukrainian employees following Russia's February 2022 full-scale invasion of Ukraine. Prior to the war, EPAM had its largest delivery concentration in Ukraine (Kharkiv, Kyiv, Lviv — major technology talent hubs) — losing significant Ukrainian delivery capacity required rapid relocation of engineers to Poland, Czech Republic, Hungary, and other countries, demonstrating EPAM's operational resilience but creating near-term delivery disruption and cost increases. In fiscal year 2024, EPAM reported revenues of approximately $4.74 billion (-1% year-over-year) as the company navigated both the ongoing Ukraine conflict's operational complexities and the broader IT services spending slowdown affecting the sector as enterprise clients deferred discretionary technology projects. CEO Arkadiy Dobkin (co-founder, leading EPAM since 1993) has maintained EPAM's premium positioning as a "top-of-the-stack" engineering services provider — specializing in custom software product development for product companies (ISVs), digital transformation for financial services and healthcare clients, and cloud-native application engineering — rather than competing in commodity staff augmentation markets where Indian IT services firms (Infosys, Wipro) dominate on price.

EPAM Systems' software engineering model creates competitive advantages through the technical depth of its engineers and the product engineering specialization that differentiates EPAM from commodity IT outsourcing: EPAM engineers average 8-12 years of professional experience in software architecture and are recruited from Eastern European technical universities (Kharkiv Polytechnic, Kyiv Polytechnic, Warsaw University of Technology) with rigorous computer science curricula — creating a talent pool of senior software architects and full-stack engineers who deliver complex product engineering work that US companies outsource at $60-120/hour blended rates. The EPAM Learning Lab (internal training programs that develop junior engineers into senior consultants within 18-24 months) and EPAM Anywhere (remote hiring across global markets) create talent supply flexibility that pure US-staffed consulting firms cannot match at similar quality-to-cost ratios. EPAM's GenAI engineering practice (AI-assisted software development using GitHub Copilot, AWS CodeWhisperer, and EPAM's proprietary AI developer tools — reducing routine coding labor by 20-40% while increasing total project throughput) positions EPAM for the productivity-enhanced AI software development era.

In 2025, EPAM competes in software engineering services and digital transformation against Globant (NYSE: GLOB, Latin America-based software engineering outsourcing), Thoughtworks (NASDAQ: TWKS, technology consulting and digital engineering), and Cognizant (NASDAQ: CTSH, Indian IT services) for digital transformation engineering mandates, AI/ML implementation projects, and cloud-native application development programs. The Ukraine war's ongoing operational impact (2025 mobilization requirements increasing Ukrainian male worker availability uncertainty, ongoing missile strikes on Ukrainian cities) creates operational continuity risk that EPAM's geographic diversification (Poland and Hungary now primary delivery centers) partially mitigates. The AI-augmented engineering services transition — clients paying for outcomes (working software, implemented AI features) rather than hourly engineering rates — benefits EPAM's high-quality senior engineer model (senior engineers using AI tools deliver 2-3x the output of junior engineers without AI tools). The 2025 strategy focuses on AI software engineering capability differentiation (EPAM AI Center of Excellence — building proprietary AI developer productivity tools), geographic delivery diversification (India, Latin America growth alongside Eastern Europe), and financial services and healthcare sector digital transformation capture.

## Frequently Asked Questions

### What does EPAM Systems do?
EPAM Systems is a leading global provider of digital engineering, cloud, and AI-enabled transformation services. The company specializes in software engineering services, digital platform engineering, and digital product design, helping Fortune 1000 enterprises and ambitious startups digitally transform their businesses. EPAM combines world-class software engineering expertise with strategy, experience, and technology consulting through its EPAM Continuum division, delivering end-to-end solutions across cloud migration, AI implementation, data analytics, cybersecurity, and customer experience design.

### When was EPAM Systems founded?
EPAM Systems was founded in 1993 by Arkadiy Dobkin and Leo Lozner, two childhood friends who established a cross-border operation with headquarters in Princeton, New Jersey and a delivery center in Minsk, Belarus. The company went public on the New York Stock Exchange in 2012 and was added to the S&P 500 index in December 2021, marking its evolution from a startup to a major global technology company over nearly three decades.

### Where is EPAM Systems headquartered?
EPAM Systems is headquartered in Newtown, Pennsylvania, USA, with its global headquarters located at 41 University Drive, Suite 202. However, the company operates a truly global model with over 61,000 employees across 50+ countries, with major delivery centers in Eastern Europe, Latin America, India, and development centers throughout North America, Europe, and Asia-Pacific.

### Who are EPAM Systems' main competitors?
EPAM Systems competes with both global consulting firms and specialized technology services companies. Main competitors include Accenture, Deloitte, Cognizant, Capgemini, Globant, Genpact, DXC Technology, Wipro, LTIMindtree, Thoughtworks, and Brillio. EPAM differentiates itself through its engineering-first culture, distributed delivery model, and deep technical expertise combined with strategic consulting capabilities that enable end-to-end digital transformation.

### How much revenue does EPAM Systems generate?
EPAM Systems generated $4.728 billion in revenue for the full year 2024, representing a 0.8% increase year-over-year. The fourth quarter of 2024 showed stronger momentum with revenues of $1.248 billion, marking 7.9% growth compared to Q4 2023. The company reported GAAP diluted earnings per share of $7.84 for 2024, an 11% increase, demonstrating profitability alongside revenue growth.

### What is EPAM Systems' market capitalization?
EPAM Systems has a market capitalization of approximately $8.98-11.52 billion as of 2024-2025, varying with stock price fluctuations. Since its IPO in February 2012, EPAM's market cap has increased from $569.70 million to over $8 billion, representing growth of over 1,400% with a compound annual growth rate of approximately 22%. The company's stock trades on the NYSE under ticker symbol EPAM.

### How many employees does EPAM Systems have?
EPAM Systems employed 61,200 people as of December 31, 2024, representing a 15.15% increase from 53,150 employees in 2023. This growth reflects the company's recovery and expansion following strategic acquisitions including NEORIS (4,800 employees) and First Derivative (1,800+ employees) in late 2024. The workforce is distributed globally across 50+ countries, with significant presence in Eastern Europe, Latin America, North America, and India.

### What makes EPAM Systems different from competitors?
EPAM differentiates itself through its engineering-first culture, combining 30+ years of software development excellence with strategic consulting capabilities. The company's distributed delivery model leverages top global talent while maintaining cost efficiency and 24/7 development cycles. EPAM's unique heritage bridging Eastern European technical expertise with Western business understanding, plus its focus on long-term client partnerships rather than transactional projects, sets it apart. The company's investments in AI platforms like EPAM DIAL and recognition as AWS Global Innovation Partner of the Year 2025 demonstrate technological leadership.

### Is EPAM Systems hiring?
Yes, EPAM Systems actively recruits top talent across engineering, consulting, design, and technology roles. The company has 168-182 open positions globally at any given time, with opportunities across software engineering, cloud architecture, AI/ML specialists, consultants, designers, and business analysts. Interested candidates can explore opportunities at www.epam.com/careers or careers.epam.com, with positions available across North America, Europe, Latin America, and Asia-Pacific locations.

### How can I contact EPAM Systems?
EPAM Systems can be contacted through multiple channels. For career inquiries, visit www.epam.com/careers. For business inquiries and client partnerships, visit www.epam.com for regional contact information. The global headquarters is located at 41 University Drive, Suite 202, Newtown, Pennsylvania, USA. Investors can access financial information and investor relations contacts at investors.epam.com. The company maintains regional offices and delivery centers worldwide with local contact information available on the website.

### What is EPAM's strategy for generative AI?
EPAM's generative AI strategy centers on its open-source EPAM DIAL platform, which enables enterprises to orchestrate and deploy GenAI applications with integration to major large language models. The company has advanced its strategic collaboration with AWS focusing on generative AI, leveraging 15,000+ AWS-experienced engineers to develop specialized AI agents and solutions. EPAM's AI 360 transformation framework helps clients define AI strategy, enable foundations, and industrialize AI at scale. Real-world impact includes helping Edward Jones achieve 20% increase in engineering efficiency through GenAI-native software engineering solutions.

### What are EPAM's future growth plans?
EPAM expects 10-14% revenue growth for 2025, viewing it as a year of transition as clients balance cost focus with accelerating transformational and GenAI journeys. The company is investing in talent, advanced technological and consulting capabilities, and integration of recent acquisitions including NEORIS and First Derivative. EPAM sees encouraging progress with over a dozen joint pursuits combining EPAM, NEORIS, and First Derivative capabilities. Strategic focus areas include generative AI adoption, cloud transformation, financial services expansion, and Latin American market growth.

## Tags

b2c, cloud-native, global, hardware, public

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*