AI Index / EPAM Systems, Inc.
EPAM Systems, Inc. (EPAM)
EPAM generates revenue primarily from: 1) Software engineering and digital platform development (custom build, modernization, cloud/data). AI contributes indirectly here; some projects embed AI but most revenue is traditional engineering. 2) AI-native and AI foundational services (GenAI solutions, data/cloud for AI, AI/Run Transform). AI contributes directly; Q1 AI-native revenue was $125M vs. $1.4B total, targeting ~$600M for 2026. 3) Consulting/advisory and managed services, including vendor consolidation programs. AI contributes directly when tied to AI transformation; otherwise indirect. Overall, AI is a growing but minority share of revenue.
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Pure AI revenues exceeded $125 million in Q1, up nearly 20% sequentially from Q4.
- Balazs Fejes
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Quotes from epam Executives About Artificial Intelligence and Generative AI
We also just announced a strategic multiyear applied AI partnership with Ontic to accelerate the delivery of safe, reliable enterprise-grade AI for our clients.
- Balazs Fejes
We have a clear multiyear strategy to drive our next phase of profitable growth and further capitalize on the global AI transformation opportunities.
- Balazs Fejes
Our mission is to win the build opportunity of our lifetime. The gap between the rapidly developing foundational AI capabilities and the ability of enterprises and societies to adopt AI safely, reliably and with sustainable growing volume will drive some of the largest technological investments humanity has ever made.
- Balazs Fejes
AI capabilities continue to advance extremely fast. The pace of technological change and digestion is unprecedented for enterprises as they face the challenge of balancing cost optimization and productivity with real business outcomes at scale.
- Balazs Fejes
EPAM remains in the sweet spot of helping enterprises close the AI adoption gap, solve their most complex challenges and deliver quality AI-native enterprise-grade solutions at scale.
- Balazs Fejes
Looking across our top 100 clients, traction remains strong as more than 80% of our engaged in AI initiatives.
- Balazs Fejes
Our AI frameworks and tools continue to support hundreds of active AI-native projects.
- Balazs Fejes
Our AI native and AI foundational revenues continued to contribute to year-over-year growth with more than $125 million AI native revenues in the quarter. This is the fifth consecutive quarter of sequential double-digit growth.
- Jason Peterson
Anthropic is going to be a very important relationship for us. We are prepared engineers with our internal development. Once commercial products became available and certification quickly. We are over 1,400 certified cloud architects as of this moment. So it's ramping up pretty nicely.
- Balazs Fejes
EPAM remains fundamentally committed to transforming ourselves into a global leader in AI transformation services.
- Balazs Fejes
Anthropic relationship is similarly strategic to the go-to-market movements like what we've done previously. But clearly, this is in the AI era.
- Balazs Fejes
By design, our teams will bridge strategy to execution with a more consultative approach, all with deep domain and verticalization expertise.
- Balazs Fejes