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EPAM Systems

OverviewSuggest Edit

EPAM Systems is a provider of software product development and digital platform engineering services. The company provides custom developed technology, tools, and platforms to clients in industries such as financial services, travel and consumer, software and hi-tech, media and entertainment, life sciences and healthcare. Its 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.
TypePublic
Founded1993
HQNewtown, PA, USMap
Websiteepam.com
Employee Ratings4.1More
Overall CultureC+More
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Latest Updates

Employees (est.) (Jun 2020)36,400(-2%)
Revenue (FY, 2020)$2.7 B(+16%)
Share Price (Mar 2021)$384.6 (+3%)
Cybersecurity ratingBMore

Key People/Management at EPAM Systems

Arkadiy Dobkin

Arkadiy Dobkin

Chairman of the Board, CEO & President
Jason Peterson

Jason Peterson

Chief Financial Officer, SVP and Treasurer
Balazs Fejes

Balazs Fejes

Co-Head Global Business, EVP
Boris Shnayder

Boris Shnayder

Co-Head of Global Business, SVP
Sergey Yezhkov

Sergey Yezhkov

Co-Head Global Business, SVP
Jason Harman

Jason Harman

Co-Head Global Business, SVP
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EPAM Systems Office Locations

EPAM Systems has offices in Newtown, Bellevue, Boston, Conshohocken and in 73 other locations
Newtown, PA, US (HQ)
41 University Dr #202
Bellevue, WA, US
110 110th Ave NE #310
Boston, MA, US
21 Drydock Ave Suite 410 W
Conshohocken, PA, US
101 E 8th Ave #201
Conshohocken, PA, US
1020 Spring Mill Ave #100
Los Angeles, CA, US
11601 Wilshire Blvd #350, West Los Angeles
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EPAM Systems Financials and Metrics

EPAM Systems Revenue

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EPAM Systems's revenue was reported to be $2.66 b in FY, 2020
USD

Revenue (FY, 2020)

2.7b

Gross profit (FY, 2020)

927.0m

Gross profit margin (FY, 2020), %

34.9%

Net income (FY, 2020)

327.2m

EBIT (FY, 2020)

379.3m

Market capitalization (1-Mar-2021)

21.6b

Closing stock price (1-Mar-2021)

384.6

Cash (31-Dec-2020)

1.3b

EV

20.5b
EPAM Systems's current market capitalization is $21.6 b.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

1.2b1.5b1.8b2.3b2.7b

Revenue growth, %

27%25%27%24%

Cost of goods sold

737.2m921.4m1.2b1.5b1.7b

Gross profit

422.9m529.1m656.0m805.6m927.0m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

264.5m283.8m298.3m324.7m349.0m377.5m424.1m445.6m468.2m521.3m551.6m588.1m651.4m632.4m652.2m

Cost of goods sold

167.4m180.8m190.8m207.7m220.1m239.4m277.6m289.2m301.1m344.7m355.9m377.5m423.8m419.5m423.4m

Gross profit

97.1m103.1m107.5m116.9m128.8m138.2m146.5m156.5m167.1m176.6m195.7m210.6m227.6m212.8m228.9m

Gross profit Margin, %

37%36%36%36%37%37%35%35%36%34%35%36%35%34%35%
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

362.0m582.6m770.6m936.6m1.3b

Accounts Receivable

200.0m265.6m297.7m497.7m

Prepaid Expenses

15.7m23.2m26.2m39.9m29.6m

Current Assets

646.6m960.0m1.2b1.5b1.9b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

244.9m280.7m330.6m398.4m443.5m512.5m535.9m584.1m685.1m762.5m777.4m853.2m916.3m993.7m1.2b

Accounts Receivable

157.5m178.8m187.8m176.7m208.3m230.1m262.3m283.0m282.3m307.2m343.9m339.1m

Prepaid Expenses

19.3m15.3m32.2m26.7m23.3m31.6m33.2m31.9m29.6m30.9m28.8m29.4m48.8m37.7m37.8m

Current Assets

552.2m573.5m635.7m708.0m788.5m883.7m970.2m1.0b1.1b1.2b1.3b1.4b1.5b1.6b1.8b
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Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

99.3m72.8m240.3m261.1m327.2m

Depreciation and Amortization

23.4m28.6m36.6m45.3m62.9m

Accounts Payable

741.0k1.2m(772.0k)(1.7m)2.4m

Cash From Operating Activities

164.8m195.4m292.2m287.5m544.4m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

23.9m48.3m74.5m23.6m61.0m103.6m64.4m114.7m180.3m60.8m119.5m186.5m85.6m152.2m241.6m

Depreciation and Amortization

5.1m11.2m17.2m6.7m13.7m20.9m8.2m17.1m26.5m10.2m21.2m32.4m14.9m30.2m46.1m

Accounts Payable

671.0k461.0k2.0m77.0k518.0k1.9m2.5m1.0m1.6m(2.5m)(2.1m)(1.8m)(2.4m)633.0k1.8m

Cash From Operating Activities

10.9m49.4m111.2m31.2m59.1m124.0m7.3m66.8m169.1m(202.0k)43.8m162.9m63.3m209.4m385.0m
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USDQ1, 2016

Debt/Equity

0.1 x

Financial Leverage

1.2 x
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EPAM Systems Operating Metrics

Mar, 2016Q1, 2017Feb, 2018Jul, 2019Q1, 2020

Countries

20 25 25 30

Clients

200 120

GitHub Commits

61 k
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EPAM Systems Acquisitions / Subsidiaries

Company NameDateDeal Size
NAYA TechNovember 05, 2019
Competentum GroupJuly 02, 2019
test IOApril 30, 2019$17.32 k
Think LimitedNovember 01, 2018$26.25 k
Continuum Innovation LLCMarch 15, 2018$52.52 k
DextrysJune 21, 2016
Alliance Global ServicesNovember 17, 2015$50 m
Navigation ArtsJuly 13, 2015
Great FridaysOctober 13, 2014
GGA Software ServicesJune 06, 2014
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EPAM Systems Revenue Breakdown

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EPAM Systems revenue breakdown by business segment: 19.2% from Travel & Consumer, 21.8% from Financial Services, 18.4% from Business Information & Media, 10.8% from Life Sciences & Healthcare, 10.9% from Emerging Verticals and 18.9% from Software & Hi-Tech

EPAM Systems revenue breakdown by geographic segment: 6.7% from Switzerland, 57.6% from United States, 12.6% from United Kindom and 23.1% from Other

EPAM Systems Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

Learn more about our premium products
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EPAM Systems Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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EPAM Systems Online and Social Media Presence

EPAM Systems's Trends

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EPAM Systems Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    A

    77/100

  • Compensation

    C

    63/100

  • Diversity

    B+

    73/100

Learn more on Comparably

EPAM Systems News and Updates

October 08, 2018

Engineering Services Outsourcing (ESO) 2018 Global Market Key Players – EPAM Systems, GlobalLogic, Infosys Limited, Technologies Limited, Luxoft – Analysis and Forecast to 2023

WiseGuyRerports.com Presents “Global Engineering Services Outsourcing (ESO) Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday
May 09, 2018

EPAM Systems 2018 Q1 - Results - Earnings Call Slides

May 09, 2018

EPAM Systems' (EPAM) CEO Arkadiy Dobkin on Q1 2018 Results - Earnings Call Transcript

 EPAM Systems Frequently Asked Questions

  • When was EPAM Systems founded?

    EPAM Systems was founded in 1993.

  • Who are EPAM Systems key executives?

    EPAM Systems's key executives are Arkadiy Dobkin, Jason Peterson and Balazs Fejes.

  • How many employees does EPAM Systems have?

    EPAM Systems has 36,400 employees.

  • What is EPAM Systems revenue?

    Latest EPAM Systems annual revenue is $2.7 b.

  • What is EPAM Systems revenue per employee?

    Latest EPAM Systems revenue per employee is $73.1 k.

  • Who are EPAM Systems competitors?

    Competitors of EPAM Systems include GlobalLogic, Genpact and DXC Technology.

  • Where is EPAM Systems headquarters?

    EPAM Systems headquarters is located at 41 University Dr #202, Newtown.

  • Where are EPAM Systems offices?

    EPAM Systems has offices in Newtown, Bellevue, Boston, Conshohocken and in 73 other locations.

  • How many offices does EPAM Systems have?

    EPAM Systems has 85 offices.