EPAM Systems, Inc. is a global provider of digital engineering, cloud, and AI-enabled transformation services, as well as a business and experience consulting partner. The company combines strategy, experience, and technology consulting with engineering execution to help clients with their digital transformation. EPAM's core competencies include software development and product engineering services. The company serves a diverse client base across multiple industries and geographies.

• Employees: 53,150 (as of December 31, 2023)
• Geographic Footprint: More than 50 countries
• Headquarters: Newtown, Pennsylvania
• Founded: 1993
• Number of locations/facilities: Not explicitly stated, but operates in more than 50 countries
• Revenue: $4.691 billion (FY2023)
• Market Capitalization: Not explicitly stated
• Key Subsidiaries/Brands: EPAM Continuum

• CEO: Arkadiy Dobkin
• CFO: Jason Peterson
• Other Key Executives: Not explicitly stated

The 10-K does not provide specific tenure or background information for the executives listed.

• Annual Revenue: $4.691 billion (FY2023)
• Net Income: $417.1 million (FY2023)
• Total Assets: $4.352 billion (as of December 31, 2023)
• Employees: 53,150 (as of December 31, 2023)
• Key Financial Highlights: Revenue decreased by 2.8% year-over-year. Net income decreased by 0.6% year-over-year.

EPAM offers a range of services including:

• Digital Engineering: Software development, product engineering, and agile delivery teams.
• Cloud and AI: Cloud technology migration, data analytics, and AI solutions.
• Business and Experience Consulting: Strategy, customer experience design, and business consulting.
• Cybersecurity: Managed detection and response, digital risk management, and cloud security.

EPAM operates through three reportable segments:

• North America: $2.765 billion in revenue (FY2023)
• Europe: $1.909 billion in revenue (FY2023)
• Russia: $16 million in revenue (FY2023). The company completed the sale of its remaining holdings in Russia on July 26, 2023.

EPAM's strategy focuses on:

• Delivering end-to-end digital transformation through innovative and scalable software solutions.
• Building long-term partnerships with customers.
• Expanding into new industry verticals and geographies.
• Investing in new technologies such as AI and cloud.

EPAM operates in the technology services industry, facing competition from:

• Key Competitors: Accenture, Atos, Capgemini, Cognizant, Deloitte Digital, DXC Technology, Endava, Genpact, GlobalLogic, Globant, Grid Dynamics, HCL Technologies, Infosys, Tata Consultancy Services, and Wipro.
• Market Trends: Rapid technological changes, increasing demand for digital transformation, and competition for skilled professionals.

• Geopolitical Risks: Instability in regions where EPAM operates, particularly Ukraine and Belarus, could have a material adverse effect on the business.
• Personnel and Growth Risks: Inability to manage growth, attract and retain qualified personnel, and effectively utilize personnel could impact profitability.
• Competition: Intense competition from other technology service providers, specialized consulting firms, and outsourcing companies could lead to pricing pressures and loss of market share.
• Operational Risks: Dependence on a limited number of industries, long selling cycles, and the need to adapt to changing technologies could negatively affect the business.
• Information Security Risks: Security breaches and other disruptions to network security could expose the company to liability and cause reputational damage.