EPAM - EPAM Systems: Growth Recovery Is Pushed Back With Q1 Earnings Report
2024-05-10 09:20:22 ET
Summary
- EPAM Systems provides engineering and software development services in multiple industries, serving companies internationally.
- The company has a long track record of great growth and good profitability, but the growth has seen a hiccup starting in 2023 due to slower demand.
- The reported Q1 results were good, but the report came with a lowered guidance as a growth recovery is pushed back. The pushback sent the stock into a large downfall.
- I still anticipate the growth to resume, but the timing and the scale of future growth is quite unknown. Considering the ambiguity, the current valuation fairly reflects EPAM's current prospects.
EPAM Systems, Inc. ( EPAM ) provides engineering and software development service, offering digital solutions including platform selection, cross-platform migration, digital integration, infrastructure management and other services. The company operates in multiple industries including consumer goods, healthcare, financial services, and media, servicing customers primarily in the Americas and Europe, but also customers in other international markets....
EPAM Systems: Growth Recovery Is Pushed Back With Q1 Earnings Report