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Report 19 Mar 2026

EPAM - Vendor Profile - US

EPAM Systems transitioned from a Central/Eastern European delivery powerhouse to a globally diversified services firm after 2022. This Vendor Profile highlights how EPAM Systems rebuilt its capacity across India and Latin America, acquired capabilities (Neoris, Odysseus Data Services, First Derivative), and registered ~$5.5bn in revenues in 2025, with ~60% US contribution. Key strengths include application-related services, digital engineering, and growing GenAI investments.

Performance & positioning

  • Operating margin compressed to 9.5% in 2025; organic growth under 5% historically, with 2026 guidance pointing to acceleration.
  • Main verticals: Services & Consumer, Financial Services, Manufacturing, Healthcare.
  • Strategic pillars: diversify delivery, restore profitability, and GenAI-led innovation.

 

Recommended advisory: PAC Leadership Session – SAP Services Beyond 2030

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Oliver Ojog

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