EPAM Reports Results for Fourth Quarter and Full Year 2019

EPAM Reports Results for Fourth Quarter and Full Year 2019

EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and software development services, today announced results for its fourth quarter and full year ended December 31, 2019. The Company continues constant growth, providing highly relevant, adaptive services that help its customers succeed in an increasingly competitive and disruptive environment.

Fourth quarter revenues increased to $632.8 million, a year-over-year increase of $127.8 million, or 25.3%. Annual revenues increased to $2.29 billion, a year-over-year increase of $450.9 million, or 24.5%.
Total headcount was approximately 36,700 as of December 31, 2019, an increase of 21.7% from December 31, 2018. The Company expects revenue growth for 2020 to exceed 22%.

Read more about EPAM’s activity results: https://investors.epam.com/news-releases/news-release-details/epam-reports-results-fourth-quarter-and-full-year-2019

About EPAM Systems

Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged its software engineering expertise to become a leading global product development, digital platform engineering, and top digital and product design agency. Through its ‘Engineering DNA’ and innovative strategy, consulting, and design capabilities, EPAM works in collaboration with its customers to deliver next-gen solutions that turn complex business challenges into real business outcomes. EPAM’s global teams serve customers in more than 30 countries across North America, Europe, Asia and Australia. As a recognized market leader in multiple categories among top global independent research agencies, EPAM was one of only four technology companies to appear on Forbes 25 Fastest Growing Public Tech Companies list every year of publication since 2013 and was the only IT services company featured on Fortune`s 100 Fastest-Growing Companies list of 2019. Learn more at www.epam.com and follow EPAM on Twitter @EPAMSYSTEMS and LinkedIn​.