The acquisitions of NEORIS and First Derivative contributed $65.9 million to revenue in 2024. However, the 10-K also mentions increased expenses related to these acquisitions, indicating a trade-off between growth and profitability.

Financial Services became the largest vertical in 2024, while some other verticals experienced declines. This indicates a strategic shift in client focus and market dynamics.

Revenues from the Americas increased, representing 60.0% of total revenues in 2024, indicating a strategic focus on this region. This suggests continued investment and expansion efforts in the Americas.

The 10-K mentions the implementation of cost optimization programs aimed at streamlining operations. This suggests management is proactively addressing efficiency and profitability concerns.

The 10-K details the Company's continued support for its Ukraine operations and employees despite the ongoing war, including humanitarian aid and relocation efforts. This reflects management's commitment to its workforce and business continuity.

The 10-K notes increased expenses associated with the geographic repositioning of the workforce, indicating the costs associated with adapting to geopolitical instability.

The 10-K highlights the ongoing war in Ukraine and potential escalation as material risks, impacting personnel, operations, and financial results. This underscores the sensitivity of EPAM's business to geopolitical events.

The 10-K notes intense competition for skilled professionals and wage expectations, potentially leading to turnover and recruiting challenges. This highlights the importance of talent management and retention strategies.

The 10-K identifies the adoption and use of generative AI as a competitive factor and highlights potential risks related to pricing, client demand, and workforce utilization. This indicates a need for EPAM to adapt its service offerings and delivery models.

The 10-K states that the markets in which EPAM competes are changing rapidly and faces competition from multiple market participants such as other global technology solutions providers, specialized consulting firms, boutique digital companies and outsourcing companies based primarily in specific geographies with lower cost labor.

The 10-K states that revenues are highly dependent on a limited number of industries, and any decrease in demand for outsourced services in these industries could reduce our revenues and adversely affect our results of operations.

The 10-K states that there is a long selling and implementation cycle for our services that require us to make significant resource commitments prior to realizing revenues for those services.

The utilization rates of delivery professionals were approximately 76.7% in 2024, compared to 74.3% in 2023 and 75.8% in 2022. This indicates improved efficiency in resource allocation.

The 10-K states that the global delivery model and centralized support functions have created a delivery base whereby our applications, tools, methodologies and infrastructure allow us to seamlessly deliver services and solutions from our global delivery centers to our clients across the world.

The 10-K states that the focus is on retaining and engaging top talent by hiring people with the skill sets our clients need and who also share our values so we can build long-term employee satisfaction.

The 10-K states that we leverage AI and GenAI to deliver transformative solutions that accelerate our clients' digital innovation and enhance their competitive edge.

The 10-K states that cybersecurity is a critical element in our business and in enabling digital transformation for our clients.

The 10-K states that we are continuously investing in systems, applications, tools and infrastructure to manage all aspects of our global delivery process in order to manage quality and information security risks, while providing control and visibility across all project lifecycle stages both internally and to our clients.

The Board of Directors authorized a new share repurchase program for up to $500.0 million of our outstanding common stock. This indicates a commitment to returning capital to shareholders.

The 10-K states that strategic acquisitions involve significant risks but remain a key part of our growth strategy. This suggests continued investment in inorganic growth opportunities.

The 10-K states that we have and may continue to invest substantial amounts of cash in human capital and the infrastructure to support these projects, including training, administration, and opening facilities in existing and new geographies.

The 10-K states that we are committed to integrating positive social, environmental and ethical practices into our business operations, corporate governance, and strategy.

The 10-K states that we believe responsible stewardship of the environment is critical, and we take this responsibility seriously.

The 10-K states that we are committed to respecting our employees' fundamental human rights at work.

The 10-K states that changes in general economic or political conditions in the U. S. could adversely affect our business.

The 10-K states that due to the industry and geographic diversity of our operations and services, our operations are subject to a variety of rules and regulations.

The 10-K states that our global operations require us to comply with a wide variety of foreign laws and regulations, trade and foreign exchange restrictions, sanctions, inflation, unstable civil, political and military situations, labor issues, and legal systems that make it more difficult to enforce intellectual property, contractual, or corporate rights.