Newtown, PA—June 11, 2013—EPAM Systems, Inc. (NYSE:EPAM), a leading provider of complex software engineering solutions and the leader in Central and Eastern European IT service delivery, announces that it was named to Forbes’ annual list of America’s 25 Fastest-Growing Tech Companies.
“The list is a pretty good leading indicator of market outperformance”, says Forbes in the story. “We combed more than 2,100 publicly traded technology companies, looking for profitable companies with minimum revenue of $150 million and a minimum market value of $500 million. We then looked for firms with sales growth of at least 10% for each of the past three fiscal years and over the latest 12 months. We also required companies to have three-to-five-year estimated earnings-per-share growth rates greater than 10%. Finally, we ranked companies based on their three-year average sales growth rates”.
“For 20 years EPAM has been helping clients shape the future of their technology-driven businesses by providing complex software engineering services and solutions to the most demanding global brands”, said Arkadiy Dobkin, EPAM CEO and Chairman. “Being included in the Fast 25 Tech list along with great technology companies such as Google, Linkedin, Apple, Facebook, and Cognizant is a recognition of our efforts and the quality of our services. We congratulate all 24 highlighted companies and are very proud to see several EPAM clients among them”.
The full list can be found here. It will also be featured in the June 24, 2013 print edition of Forbes magazine.
About EPAM Systems
Established in 1993, EPAM Systems, Inc. (NYSE: EPAM) provides software engineering solutions through its leading Central and Eastern European service delivery platform. Headquartered in the United States, EPAM employs over 8,700 IT professionals and serves clients worldwide from its locations in the United States, Canada, UK, Switzerland, Germany, Sweden, Belarus, Hungary, Russia, Ukraine, Kazakhstan, and Poland.
EPAM is recognized among the top companies in IAOP’s "The 2012 Global Outsourcing 100", featuring EPAM in a variety of sub-lists, including Leaders-Companies in Eastern Europe. The company is also ranked among the best global service providers on "The 2012 Global Services 100" by Global Services Magazine and Neogroup, which names EPAM in "Leaders—Global Product Development" category. For more information, please visit www.epam.com.
This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law.