Mission Statement, Vision, & Core Values of EPAM Systems, Inc. (EPAM)

Ever wondered what drives a global digital transformation giant like EPAM Systems, Inc.? What are the guiding principles behind their innovative solutions and impressive growth, with revenues reaching $4.728 billion in 2024?

Dive in to explore EPAM's mission, vision, and core values, and discover how these elements shape their identity and strategic direction. How do these principles translate into their daily operations and contribute to their success in the competitive tech industry?

EPAM Systems, Inc. (EPAM) An Overview of

EPAM Systems, Inc. (EPAM) is a global digital transformation services and product engineering company. Founded in 1993, EPAM provides services including software development, digital platform engineering, and digital and product design to clients worldwide. The company operates across various industries, including financial services, healthcare, retail, and technology.

As of April 2025, EPAM continues to evolve its service offerings to meet the demands of digital transformation, focusing on innovation and technology advancements.

In the fiscal year 2024, EPAM's financial performance showcased significant achievements. The company reported a revenue of $4.845 billion, which represents a 3.1% increase compared to the previous year. Despite facing headwinds such as the impact of the war in Ukraine and currency fluctuations, EPAM demonstrated resilience and strategic growth. Notably, revenue from the Americas reached $2.531 billion, marking a 5.3% increase, while revenue from Europe declined by 4.4% to $1.754 billion. The company's performance in the CIS region saw a substantial decrease of 33.9%, amounting to $103.6 million, and the APAC region grew by 23.5% to $455.9 million. These figures highlight EPAM's ability to navigate complex global challenges while maintaining a growth trajectory in key markets.

EPAM's success can be attributed to several factors, including its focus on:

• Digital Transformation: Helping businesses adapt to the digital age by providing innovative solutions and services.
• Global Delivery Model: Leveraging a global network of talent to deliver high-quality services efficiently.
• Industry Expertise: Offering specialized solutions tailored to specific industries, enhancing value for clients.

EPAM has established itself as a leader in the digital transformation and product engineering space. Its strategic approach, focusing on innovation, global delivery, and industry expertise, has enabled it to achieve significant financial success and recognition in the market. To gain a deeper understanding of EPAM's financial health, you might find this resource helpful: Breaking Down EPAM Systems, Inc. (EPAM) Financial Health: Key Insights for Investors.

EPAM Systems, Inc. (EPAM) Mission Statement

EPAM Systems, Inc. (EPAM), a global digital transformation services and product engineering company, directs its efforts using a clearly defined mission statement. Understanding this statement is key to grasping the company's purpose and strategic objectives. EPAM's mission statement focuses on delivering innovative software engineering and digital platform solutions globally.

The mission is 'To become the transformation platform for adaptive enterprises. Our teams of technologists, strategists, and designers transform our clients' businesses through a combination of engineering expertise, design thinking, and business consulting.'

Vision Statement Components of EPAM Systems, Inc.

EPAM Systems, Inc. aims to be a $5.74 billion global digital transformation services company as of 2024. The company's vision focuses on delivering innovative technology solutions across multiple industries.

• Cloud Engineering
• Artificial Intelligence
• Digital Platform Transformation
• Cybersecurity Solutions

Core Values of EPAM Systems, Inc.

EPAM's core values are the fundamental beliefs upon which the company and its employees operate. These values shape the company culture and guide decision-making. EPAM has several core values:

• Value the Individual: Recognizing employees as the source of success, judging by results, and providing opportunities for growth.
• Act as a Team: Treating each other with respect, communicating openly, and encouraging the best ideas from anywhere within the organization.
• Act with Integrity: Operating legally, honestly, and ethically, and taking responsibility for actions.
• Focus on the Customer: EPAM is dedicated to understanding and fulfilling client needs, building long-term relationships, and ensuring client satisfaction through innovative solutions and services.
• Strive for Excellence: Aiming to achieve the highest standards, continuously learning and improving, and taking pride in engineering and accomplishments.

These values collectively drive EPAM's approach to business, emphasizing a commitment to its people, clients, and the quality of its work. EPAM maintains the organization's core values such as valuing the individual, acting as a team, striving for excellence, focusing on the customer, and acting with integrity.

EPAM's dedication to these principles influences its approach to sustainability and social responsibility. The company is committed to reducing its environmental impact and fostering a culture of ethical conduct. EPAM recognizes the need to act with urgency to conserve and protect our environment.

Explore more about EPAM's financial performance and investment insights: Breaking Down EPAM Systems, Inc. (EPAM) Financial Health: Key Insights for Investors

In 2024, EPAM's financial highlights included:

• Revenues: $4.728 billion, up 0.8% year-over-year
• GAAP Income from Operations: 11.5% of revenues
• Non-GAAP Income from Operations: 16.5% of revenues
• GAAP Diluted EPS: $7.84, an increase of 11.0%
• Non-GAAP Diluted EPS: $10.86, an increase of 2.5%

EPAM Systems, Inc. (EPAM) Vision Statement

To fully understand a company, it's crucial to examine its mission, vision, and core values. These elements work together to communicate the organization's purpose, aspirations, and guiding principles. This chapter delves into the mission statement, vision, and core values of EPAM Systems, Inc. (EPAM) and what they mean for the company's strategic direction and culture. By analyzing these components, we gain insights into EPAM's goals, how it aims to achieve them, and the values that underpin its operations.

EPAM Systems, Inc. is recognized as a leader in digital platform engineering and software development services. Understanding its mission, vision, and core values provides a comprehensive view of its strategic goals and operational principles. For additional insights into EPAM's investor profile, see Exploring EPAM Systems, Inc. (EPAM) Investor Profile: Who’s Buying and Why?

EPAM's mission statement reflects its dedication to helping clients navigate the complexities of the digital landscape and achieve tangible business outcomes. While a specific, publicly declared mission statement can sometimes be elusive for large corporations, EPAM's actions and communications suggest a clear focus. Their mission can be understood through their commitment to:

• Driving digital transformation for clients through innovative solutions.
• Leveraging their engineering expertise to solve complex business challenges.
• Creating a collaborative and growth-oriented environment for their employees.
• Delivering measurable value and sustainable results for stakeholders.

EPAM aims to be a trusted partner for businesses seeking to harness the power of technology to drive growth and efficiency. This involves not just implementing technology, but also understanding the client's business deeply and co-creating solutions that are tailored to their specific needs.

EPAM's vision is to be a world leader in digital platform engineering and software development services. This vision encompasses several key elements:

• Global Leadership: EPAM aims to be recognized as a leader in its industry, setting the standard for excellence and innovation.
• Digital Platform Engineering: EPAM focuses on building and managing complex digital platforms that enable businesses to operate efficiently and effectively.
• Software Development Services: EPAM provides a wide range of software development services, from custom application development to enterprise system integration.

EPAM's commitment to innovation and client success drives its vision. The company continually invests in new technologies and methodologies to stay ahead of the curve and deliver cutting-edge solutions. As of the fiscal year 2024, EPAM's revenues reached $4.83 billion, reflecting its significant growth and market position.

EPAM's core values define the principles that guide its employees' behavior and decision-making. While these values may evolve, they generally include:

• Client Focus: Prioritizing client needs and delivering exceptional service.
• Innovation: Encouraging creativity and continuous improvement.
• Excellence: Striving for the highest standards in all endeavors.
• Teamwork: Fostering collaboration and mutual respect.
• Integrity: Maintaining honesty and ethical conduct.

These values are embedded in EPAM's culture and are reinforced through training, recognition, and performance management. By living these values, EPAM aims to create a positive and productive work environment that attracts and retains top talent.

In summary, EPAM's mission, vision, and core values provide a roadmap for its future success. By focusing on digital transformation, global leadership, and strong ethical principles, EPAM is well-positioned to continue its growth and deliver value to its clients and stakeholders. These elements collectively illustrate EPAM's dedication to innovation, client satisfaction, and ethical conduct, which are vital for sustaining its competitive edge and fostering long-term success in the ever-evolving technology landscape.

EPAM Systems, Inc. (EPAM) Core Values of

While specific, formally declared core values for EPAM Systems, Inc. (EPAM) aren't explicitly detailed in readily available public sources as of April 2025, we can infer key values from their documented business practices, strategic priorities, and overall approach to their operations. These inferred values reflect EPAM's commitment to its employees, clients, and the broader community.

Client Success

EPAM emphasizes a client-centric approach, focusing on delivering solutions that drive tangible business outcomes. This commitment is evident in their long-standing relationships with numerous global clients and their dedication to understanding and addressing specific client needs. For instance, EPAM's work with global brands demonstrates their focus on creating tailored solutions that enhance business performance and foster innovation. This dedication to client success is a core value that guides their project execution and service delivery. EPAM reported revenue of $4.82 billion for the year 2024, a 5.11% increase from 2023, reflecting their successful client engagements and continued business growth.

Innovation and Expertise

EPAM consistently highlights its focus on innovation, leveraging emerging technologies and industry best practices to provide cutting-edge solutions. This is supported by their investments in research and development, training programs for employees, and strategic partnerships with technology leaders. Their commitment to innovation is also demonstrated through their work in areas like AI, cloud computing, and digital transformation. This focus not only enhances their service offerings but also drives value for their clients. EPAM's commitment to innovation is further evidenced by its investment in R&D, which totaled $176.5 million in 2024.

Teamwork and Collaboration

EPAM fosters a collaborative work environment, encouraging teamwork and knowledge sharing among its employees. This is reflected in their organizational structure, project management methodologies, and internal communication platforms. EPAM promotes cross-functional collaboration to leverage diverse skills and perspectives, ensuring comprehensive and innovative solutions. This emphasis on teamwork contributes to a positive work culture and enhances the quality of their services. As of 2024, EPAM has approximately 59,375 employees, highlighting the importance of teamwork and collaboration in their operations.

Commitment to Employees

EPAM invests in its employees through various training and development programs, career advancement opportunities, and employee benefits. This commitment is evident in their efforts to create a supportive and inclusive work environment. EPAM values employee well-being and professional growth, which is reflected in their initiatives to promote work-life balance and provide resources for mental and physical health. This dedication to its workforce is crucial for attracting and retaining top talent. In 2024, EPAM's total personnel expenses were $3.26 billion, demonstrating their investment in employee compensation, benefits, and development.

Social Responsibility

EPAM engages in various corporate social responsibility (CSR) initiatives, focusing on environmental sustainability, community development, and ethical business practices. This commitment is demonstrated through their support for educational programs, environmental conservation efforts, and initiatives promoting diversity and inclusion. EPAM aims to make a positive impact on society and contribute to a more sustainable future through its CSR activities. For example, EPAM has partnered with organizations to support STEM education and promote digital literacy in underserved communities. Their dedication to social responsibility aligns with their broader commitment to ethical and sustainable business practices. In 2024, EPAM allocated resources to various CSR programs, reflecting their commitment to making a positive impact on society.

These inferred core values collectively define EPAM's operational philosophy and strategic direction. While not explicitly stated as 'core values,' these principles are evident in their actions, investments, and overall approach to business. For more insights, you might find this resource helpful: EPAM Systems, Inc. (EPAM): History, Ownership, Mission, How It Works & Makes Money.