EPAM Systems (NYSE: EPAM) is an IT services provider based in Newton, Pennsylvania with 3,900 of its 9,300 engineers located in the troubled Ukraine and Russia, and offices in 12 countries including the UK, Germany, Switzerland and Poland. Its specialty is highly complex software engineering and it provides a range of complementary services like application testing, product support and infrastructure management. In 2013 EPAM worked with over 530 clients that led to at least $100K in revenues each, including important Blue Chips (see investor presentation PDF) like Google, IBM, UBS, MTV and Adidas among others.
Company strengths and the impact of the Ukraine crisis
On Friday, February 28th EPAM shares closed just below $42, up nearly 20%...
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