EPAM Named #6 on Forbes' List of America's 25 Fastest-Growing Tech Companies
(Thomson Reuters ONE) -
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.
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.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: EPAM Systems, Inc. via Thomson Reuters ONE
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Datum: 11.06.2013 - 16:53 Uhr
Sprache: Deutsch
News-ID 268708
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