EPAM Q4 2022 Earnings Report
The EPAM Advantage - Nearly 30 Years of Software & Digital Platform Expertise
1993 $0 revenues
• 3 employees
EPAM opens for business
with three employees.
1996
EPAM is chosen to help
Colgate-Palmolive develop
a Salesforce Automation
solution. Its success opens the
door to EPAM's first major
software product development
client: SAP AG.
2003
EPAM completes its first decade
having built a foundation of
delivering Software Products
and Solutions for more than 200
independent software companies.
2004
EPAM enters the European market,
beginning a multi-year journey of
geographic and industry
diversification.
2009 $150M revenues
4,400 employees
In the midst of a historic global
recession, EPAM focuses on
investing in talent and tools, which
will serve as the platform to
support the company's future
growth.
IPO
2012 $434M revenues
• 10,000 employees
EPAM approaches the end of its
second decade serving most of the
world's major new platform
companies who were changing
everything from search to
transportation to collaboration.
2016
EPAM extends its leadership
position into Digital Product &
Platform Engineering Services
space², and is named one of
the top 25 Fastest Growing
Public Tech Companies
by Forbes.
2019
The Company launches EPAM
Continuum, the company's
vision for integrated Consulting
and Engineering services. Within
EPAM's top 100 clients, 20% are in
the Fortune 500 and more than
50% are in the Forbes Global
2000.
2021
EPAM records its first billion-dollar
revenue quarter and is now located
in more than 40 countries and
regions. The Company is included
in the Forbes Global 2000 list and
added to the S&P 500.
2022 $4.82B revenues
• 59,250 employees
As part of EPAM's response to the
war in Ukraine, the Company
announced $100 million of
humanitarian support for its
Ukrainian employees and their
families. EPAM also announced its
phased exit from Russia, while at
the same time accelerated its
global diversification efforts and is
now in more than 50 countries.
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Footnote References on Page 29
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