11/11/2020 | Press release | Distributed by Public on 11/11/2020 09:09
Recognition demonstrates their position as a leader in technology services and consistent pattern of high revenue, profit, and EPS growth
Newtown, PA - November 11, 2020 - EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and software development services, today announced that it has, for the second year in a row, been named the top IT services company on the 2020 Fortune 100 Fastest-Growing Companies list -climbing an impressive fifty positions to #21.
Fortune's 100 Fastest-Growing Companies are publicly traded companies ranked each year by revenue growth rate, EPS growth rate and three-year annualized total return. The overall rank is based on the sum of three ranks. In the last 3 years, EPAM has practically doubled its revenue and scaled its unique integrated consulting and engineering delivery operations to more than 35 countries and 38,000+ employees.
'We are pleased to once again be acknowledged on Fortune's 100 Fastest-Growing Companies list,' said Arkadiy Dobkin, CEO and President, EPAM. 'Ranking for the second year in a row as the top IT services company on the list, demonstrates the continued strength of our value proposition as we help our customers pivot and adapt to a fast changing, and sometimes very unpredictable, global environment. We remain focused on delivering next generation digital platforms and solutions for our clients, by continuously investing in our people, in our own delivery eco-system, and in our new consulting and engineering capabilities.'
EPAM has achieved a 10-year revenue CAGR of 31% between FY09 and FY19. With the onset of the global pandemic, businesses were forced to expedite their digital transformation projects and relied on EPAM as a trusted digital partner-working closely with its global customers to help them become digital at their core-transforming not only their technology strategy, but also business, design and operations to run smarter and faster in markets that are continually facing technology change.
To learn more about EPAM, visit www.epam.com.
To learn more about Fortune's 2020 list of the 100 Fastest-Growing Companies, visit https://fortune.com/100-fastest-growing-companies/2020/.