EPAM Systems Seals Strategic Deals, Sees Significant Tax Benefits and Strong Operating Income Growth

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EPAM ($NYSE:EPAM) Systems is a global provider of digital platform engineering and software development services. The company works with clients across various industries such as finance, healthcare, retail, and technology to help them innovate and transform their businesses. With a strong focus on technology expertise, customer-centric approach, and agile delivery methods, EPAM has established itself as a trusted partner for many leading organizations around the world. Recently, EPAM Systems announced some exciting news – it has sealed strategic deals and is expected to see significant tax benefits and strong operating income growth. This announcement has caught the attention of analysts who are impressed by the company’s performance. According to analysts, EPAM has secured strategic deals that are expected to fuel its growth in the upcoming years. These deals are not only beneficial for the company’s top-line revenue but also for its bottom-line profitability. In fact, EPAM’s operating income has seen a remarkable increase of 55.2% year-over-year (YoY). One of the key factors contributing to EPAM’s impressive financial performance is the company’s research and development (R&D) tax benefits.

EPAM invests heavily in R&D, constantly pushing the boundaries of innovation to stay ahead in the highly competitive digital services market. As a result, the company is eligible for various tax incentives and credits, which significantly reduce its tax burden and boost its operating income. The company’s stock has been performing well, and this recent announcement of strategic deals and tax benefits is expected to further increase investor confidence in EPAM. In addition to its financial success, EPAM also stands out for its commitment to social responsibility and sustainability. The company has various initiatives in place to support its local communities, promote diversity and inclusion, and reduce its carbon footprint. This not only reflects EPAM’s values but also helps to attract and retain top talent, which is crucial in the highly competitive technology industry. In conclusion, EPAM Systems is a leading player in the digital services market, known for its strong technology expertise, customer-centric approach, and agile delivery methods. With its recent announcement of securing strategic deals and significant tax benefits, the company has once again proven its ability to drive growth and create value for its clients and stakeholders.

Price History

On Wednesday, EPAM SYSTEMS, a leading global provider of digital platform engineering and software development services, announced that they had secured several strategic deals, leading to a significant increase in their stock price. The company’s stock opened at $202.22 and closed at $202.69, marking a 5.45% rise from the previous day’s closing price of $192.22. The strategic deals that EPAM SYSTEMS has sealed are a testament to their strong position in the market and their ability to attract valuable partnerships. These deals are expected to have a positive impact on the company’s financial performance, with increased revenue and profitability in the coming quarters. This is a result of the company’s continued focus on efficient tax planning and management, which has led to a lower effective tax rate and increased cash flow.

This growth can be attributed to the company’s successful execution of their business strategy and their ability to deliver high-quality services to their clients. The company’s commitment to providing innovative and value-driven solutions has enabled them to maintain a competitive edge in the market and attract new clients. Overall, these recent developments highlight EPAM SYSTEMS’ strong performance and their ability to achieve sustainable growth. With their strategic deals, tax benefits, and strong operating income growth, the company is well-positioned to continue its success and drive value for its shareholders. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Epam Systems. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Epam Systems. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Epam Systems. More…

Key Ratios Snapshot

Some of the financial key ratios for Epam Systems are shown below. More…

Analysis

After thoroughly analyzing the financials of EPAM SYSTEMS, it is clear that this company has a strong financial standing. Its cashflows and debt have been given a high health score of 10/10 on the Star Chart, indicating its ability to sustain future operations even in times of crisis. This is definitely a positive sign for potential investors. In terms of its financial performance, EPAM SYSTEMS is particularly strong in assets, growth, and profitability. Its assets have been steadily increasing, showcasing the company’s ability to invest in its operations and grow its business. Additionally, its growth rate has been impressive, indicating a promising future for the company. Furthermore, EPAM SYSTEMS has shown consistent profitability, which is always a good sign for investors. However, one area where EPAM SYSTEMS may not be as attractive to certain investors is in its dividends. This company is not known for paying out high dividends to its shareholders. For some investors, this may be seen as a drawback as they may be looking for regular income from their investments. However, it is important to note that EPAM SYSTEMS prioritizes reinvesting its profits into its operations for continued growth and success. Based on our analysis of EPAM SYSTEMS, we would classify it as a ‘rhino’ type of company. This means that it has achieved a moderate level of revenue or earnings growth. While this may not be as high as some other companies, it shows that EPAM SYSTEMS has been able to maintain steady and consistent growth over time. Investors who may be interested in EPAM SYSTEMS are those who are looking for a stable and well-established company with a strong financial standing. Its consistent profitability and ability to weather economic downturns make it an attractive option for risk-averse investors. Additionally, those who are interested in long-term growth and are not solely focused on immediate dividends may also find EPAM SYSTEMS to be a promising investment opportunity. More…

Peers

The company has over 25,000 employees and clients in over 90 countries. EPAM Systems Inc. has been ranked as one of the world’s largest and fastest-growing outsourcing companies by several magazines. The company’s main competitors are Tranway Technologies Ltd, Mahaveer Infoway Ltd, and Indata SA.

– Tranway Technologies Ltd ($BSE:542923)

Tranway Technologies is a leading provider of transportation solutions. The company’s products and services are used by transportation professionals in a variety of industries, including aviation, maritime, and land transportation. Tranway’s products and services are designed to improve the efficiency and safety of transportation operations. The company’s products and services are used by transportation professionals in a variety of industries, including aviation, maritime, and land transportation.

– Mahaveer Infoway Ltd ($BSE:539383)

Mahaveer Infoway Ltd is a company that provides information technology services. It has a market cap of 35.64M as of 2022 and a return on equity of 5.35%. The company offers services such as software development, web development, and e-commerce solutions. It also provides IT consulting and support services. The company has its headquarters in Bangalore, India.

Summary

EPAM Systems, a global provider of digital platform engineering and software product development services, has recently announced strategic deals and enjoyed strong tax benefits. This has led to a significant increase in their operating income, which rose by 55.2% compared to the previous year. This rise is primarily attributed to research and development tax incentives.

As a result, the stock price of EPAM also saw a positive movement on the same day. These developments indicate a promising future for the company and make it an attractive option for investors looking to invest in the software industry.