EPAM Systems
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EPAM Systems

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    • Business ServicesTechnologyconsumer softwareenterprise softwareit consultingit servicesoutsourcing
    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.
    Revenue(FY, 2017)
    $1.5 B
    Market capitalization(2018-04-20)
    $6.5 B
    Type
    Public
    HQ
    Newtown, US
    Founded
    1993
    Size (employees)
    22,383 (est)
    Website
    epam.com
    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
    Show more

    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
    Show all (23)
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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.
    USD

    Revenue (FY, 2017)

    		1.5 b

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

    		25%

    Gross profit (FY, 2017)

    		529.1 m

    Gross profit margin (FY, 2017), %

    		36.5%

    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

    EV

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

    Revenue

    		730 m914.1 m1.2 b1.5 b

    Revenue growth, %

    		32%25%27%25%

    Cost of goods sold

    		456.5 m566.9 m737.2 m921.4 m

    Gross profit

    		273.5 m347.2 m422.9 m529.1 m
    Quarterly
    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Revenue

    		200 m217.8 m236 m264.5 m283.8 m298.3 m324.7 m349 m377.5 m

    Cost of goods sold

    		125.9 m134.3 m148.5 m167.4 m180.8 m190.8 m207.7 m220.1 m239.4 m

    Gross profit

    		74.2 m83.5 m87.6 m97.1 m103.1 m107.5 m116.9 m128.8 m138.2 m

    Gross profit Margin, %

    		37%38%37%37%36%36%36%37%37%
    show all
    Annual
    USDFY, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		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
    Quarterly
    USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

    Cash

    		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
    show all
    Annual
    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
    Quarterly
    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
    show all
    USDY, 2017

    EV/EBIT

    		34.3 x

    EV/CFO

    		30.4 x

    Revenue/Employee

    		64.8 k

    Financial Leverage

    		1.3 x
    Show all financial metrics

    EPAM Systems Operating Metrics

    Mar, 2016Q1, 2017Feb, 2018

    Countries

    		20 25

    Clients

    		200

    Number of GitHub Commits

    		61 k
    Show all operating metrics

    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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    Competitors

    WorkFusion
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    Altoros Systems
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    Teqniksoft
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    Apalon
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    Accenture
    Business Services - Public
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