NEWTOWN, Pa., June 12, 2017 (GLOBE NEWSWIRE) --
EPAM Systems, Inc. (NYSE:EPAM), a leading global provider of
digital platform engineering and software development services,
today announced that it has been ranked on the Forbes' annual list
of Fastest Growing Public Tech Companies.
The companies on Forbes Fast Tech 25 list are
chosen from several thousand publicly traded technology companies,
and ranked based on a trailing three years of strong, profitable
growth combined with industry-leading projected earnings growth for
the next three to five years.
EPAM is one of only four companies, the other
three being Facebook, Alphabet, and Fortinet, to make repeat
appearances on each of the lists published by Forbes between 2013
and 2017. The company's three-year trend of profitable annual
revenue growth, averaging 28%, has led to EPAM being ranked twelfth
on the 2017 list.
"We are pleased to once again join an elite group
of fast-growing public technology companies," said Arkadiy Dobkin,
CEO and President of EPAM. "Being among the only four firms
to consecutively appear on this list since 2013 is a testament to
our ability to constantly challenge ourselves, and to address the
high market demand for solution providers who understand and can
deliver comprehensive digital transformation programs, an area in
which EPAM is recognized as a global leader today. Our ability to
develop and enable globally distributed cross-functional teams with
advanced next-gen capabilities is one of our key success
factors."
During the last few years, EPAM was recognized
across a number of market segments by leading global independent
research firms and included as a leader in the Forrester Wave(TM):
Digital Platform Engineering Services, Q2 2016.
For more information about the product development
and digital platform engineering solutions that EPAM provides,
please visit www.epam.com.
About EPAM
Systems
Since 1993, EPAM Systems, Inc. (NYSE:EPAM), has leveraged its core
engineering expertise to become a leading global product
development and digital platform engineering services company.
Through its 'Engineering DNA' and innovative strategy, consulting,
and design capabilities, EPAM works in collaboration with its
customers to deliver innovative solutions that turn complex
business challenges into real business opportunities. EPAM's global
teams serve customers in over 25 countries across North America,
Europe, Asia and Australia. EPAM is a recognized market leader
among independent research agencies and was ranked #12
in FORBES 25 Fastest Growing Public Tech Companies, as a top
information technology services company on FORTUNE'S 100
Fastest Growing Companies, and as a top UK Digital Design
& Build Agency. Learn more
at http://www.epam.com/ and follow us on
Twitter @EPAMSYSTEMS and LinkedIn.
Forward-Looking
Statements
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.