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How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.
The fear of missing out, or FOMO, also plays a factor in investing, especially with particular tech giants, as well as popular consumer-facing stocks.
What if you'd invested in Epam (EPAM) ten years ago? It may not have been easy to hold on to EPAM for all that time, but if you did, how much would your investment be worth today?
Epam's Business In-Depth
With that in mind, let's take a look at Epam's main business drivers.
Headquartered in Newtown, PA, EPAM Systems, Inc. is well known for its software engineering and IT consulting services.
The company is engaged in providing software product development services, custom application development services, application testing services, application maintenance and support services, infrastructure management services and enterprise information management services.
Its software product development services include product research, design and prototyping, product development, component design and integration. EPAM’s custom application development services comprise business and technical requirements analysis, solution architecture creation and validation, development, component design and integration.
The company offers application testing services like software application testing, testing for enterprise IT, and consulting services. Further, it provides services like incident management, fault investigation diagnosis, work-around provision, application bug fixes, release management, application enhancements, and third-party maintenance under the application maintenance and support services.
EPAM’s infrastructure management services include applications, database, network, server, storage, and systems operations management, as well as incident notification and resolutions. Through its enterprise information management services, the company helps organizations in improving business processes, thereby achieving greater operational excellence.
EPAM generated total revenues of $4.69 billion in 2023. The company has six operating verticals — Financial Services (21.7% of FY23 revenues), Travel and Consumer (22.9%), Software & Hi-Tech (15.1%), Business Information & Media (16.1%), Life Sciences & Healthcare (10.4%) and Emerging Verticals (13.8%).
The company has a huge client base, which includes the majority of Forbes Global 2000 corporations operating across North America, Europe, Commonwealth of Independent States and APAC (Asia including India and Australia). In 2023, the company generated 58.4% of its revenues from the Americas, 38.9% from the EMEA, 0.5% from Central and East Europe and 2.2% from APAC.