AI Index / EPAM Systems, Inc.
EPAM Systems, Inc. (EPAM)
EPAM’s revenue comes primarily from: 1) Digital engineering/consulting across verticals (custom builds, platform modernization) – AI contributes indirectly via productivity and embedded features. 2) Data and cloud modernization/foundations – indirectly tied to AI (prerequisite work driving demand). 3) AI-native services and managed offerings (AI/RUN Transform, Agentic QA, DIAL, agentic BPO pilots) – direct AI revenue, growing double-digit sequentially. 4) Industry solutions/managed services in FS, Hi-Tech, Life Sciences, Consumer/Retail/Travel, Energy/Materials – AI increasingly embedded; direct in select programs. Overall, AI is a meaningful but not majority driver.
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We continue to benefit from AI and AI native led demand or thesis that data and modern cloud architecture are critical for AI adoption and auto realization is broadly being confirmed by what we are seeing.
- Balazs Fejes
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Quotes from epam Executives About Artificial Intelligence and Generative AI
Our clients are prioritizing their AI build-outs, turning to EPAM to help them accelerate their investments and innovation in AI.
- Balazs Fejes
We are more focused than ever on upgrading our engineering skills advantage and investing for the future with new advanced AI playbooks and accelerators.
- Balazs Fejes
Looking at our progress year-to-date, more than 90% of EPAMers have completed their mandatory AI literacy education and approximately 95% of our engineers have completed foundational AI education.
- Balazs Fejes
As you can see with the recent launch of EPAM AI/RUN Transform, which includes next-generation AI managed services, and EPAM Agentic QA, we are programmatically expanding new offerings and highly specialized capabilities.
- Balazs Fejes
AI presents a permanent fleet change in our industry and across our clients' businesses, driving the need for investment in modernization, data and cloud foundations and critical AI native skills.
- Balazs Fejes
AI continues to trigger incremental demand and is driving positives in our pipeline globally.
- Balazs Fejes
In both our data and cloud practices, we saw outsized growth in Q3 compared to the rest of the business, which is incremental and highly connected to the momentum we are seeing with our pure AI native revenues.
- Balazs Fejes
AI investments are in intense race. Our approach is to invest in accelerators, tooling and people who help us deliver reliable outcomes on the promise of AI.
- Balazs Fejes
You may have seen we also recently announced one of these tools, Agentic QA, which bridges the gap between automated and manual testing, enabling clients to move faster by reducing lead times and costs.
- Balazs Fejes