EPAM Systems is a global provider of software product development and digital platform engineering services to clients located around the world. The Company provides custom developed technology, tools and platforms to deliver results for the most complex business challenges and focuses on building long-term partnerships with clients in industries such as financial services, travel and consumer, software and hi-tech, media and entertainment, life sciences and healthcare. EPAM System's service offerings cover the full software product development lifecycle from digital strategy and customer experience design to enterprise application platforms implementation and program management services, and from complex software development services to maintenance, support, custom application development, application testing and infrastructure management.
Newtown, US
Size (employees)
22,383 (est)
EPAM Systems was founded in 1993 and is headquartered in Newtown, US
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Key People/Management at EPAM Systems

Arkadiy Dobkin

Arkadiy Dobkin

CEO & President
Elaina Shekhter

Elaina Shekhter

Chief Marketing Officer
Victor Dvorkin

Victor Dvorkin

Co-Head Global Delivery
Yuriy Goliyad

Yuriy Goliyad

Head of Global Operations
Jason Harman

Jason Harman

Co-Head Global Business Development
Jason Peterson

Jason Peterson

SVP & Chief Financial Officer
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EPAM Systems Office Locations

EPAM Systems has offices in Dubai, Opfikon, Stockholm, Singapore and in 19 other locations
Newtown, US (HQ)
202, 41 University Dr
Yerevan, AM
15 Khorenatsi Street, Elite Plaza Business Center
Wien, AT
11 Nottendorfer G.
Minsk, BY
1/1 Academician Kuprevich Street, Suite 110
Sofia, BG
69 Bulgaria Blvd., Infinity Tower
Ottawa, CA
343 Preston St
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EPAM Systems Financials and Metrics

EPAM Systems Financials

EPAM Systems's revenue was reported to be $1.45 b in FY, 2017 which is a 25% increase from the previous period.

Revenue (FY, 2017)

1.5 b

Revenue growth (FY, 2016 - FY, 2017), %


Gross profit (FY, 2017)

529.1 m

Gross profit margin (FY, 2017), %


Net income (FY, 2017)

72.8 m

EBIT (FY, 2017)

172.9 m

Market capitalization (20-Apr-2018)

6.5 b

Cash (31-Dec-2017)

582.6 m


5.9 b
EPAM Systems's current market capitalization is $6.5 b.
USDFY, 2014FY, 2015FY, 2016FY, 2017


730 m914.1 m1.2 b1.5 b

Revenue growth, %


Cost of goods sold

456.5 m566.9 m737.2 m921.4 m

Gross profit

273.5 m347.2 m422.9 m529.1 m
USDFY, 2014FY, 2015FY, 2016FY, 2017


220.5 m199.4 m362 m582.6 m

Accounts Receivable

124.5 m174.6 m200 m265.6 m

Prepaid Expenses

9.3 m14.3 m15.7 m23.2 m

Current Assets

415.1 m528.9 m646.6 m960 m
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


192.4 m175.7 m214.4 m244.9 m280.7 m330.6 m398.4 m443.5 m512.5 m

Accounts Receivable

104.7 m134.9 m125.7 m157.5 m178.8 m187.8 m176.7 m208.3 m230.1 m

Prepaid Expenses

14.4 m19.6 m20.2 m19.3 m15.3 m32.2 m26.7 m23.3 m31.6 m

Current Assets

433.8 m457 m500.1 m552.2 m573.5 m635.7 m708 m788.5 m883.7 m
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

69.6 m84.5 m99.3 m72.8 m

Depreciation and Amortization

17.5 m17.4 m23.4 m28.6 m

Accounts Payable

(2.6 m)(2.8 m)741 k1.2 m

Cash From Operating Activities

104.9 m76.4 m164.8 m195.4 m
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

14.7 m33.9 m56.8 m23.9 m48.3 m74.5 m23.6 m61 m

Depreciation and Amortization

4.2 m8.1 m12.5 m5.1 m11.2 m17.2 m6.7 m13.7 m

Accounts Payable

9.7 m7.7 m8.1 m671 k461 k2 m77 k518 k

Cash From Operating Activities

6.9 m9 m64.6 m10.9 m49.4 m111.2 m31.2 m59.1 m
USDY, 2017


34.3 x


30.4 x


64.8 k

Financial Leverage

1.3 x
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EPAM Systems Operating Metrics

Mar, 2016Q1, 2017Feb, 2018


20 25



Number of GitHub Commits

61 k
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EPAM Systems Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
EPAM Digital Netherlands BV
EPAM Digital Marketing Operations BV
EPAM Systems Canada, Ltd.
EPAM Systems Belgium
EPAM Systems Armenia
Alliance Global Services, Inc.
EPAM Systems Ltd.
EPAM Systems (Asia) Limited
EPAM Systems (Shenzhen) Co. Ltd.
Great Fridays Limited
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