Software provider EPAM beat quarterly results on strong AI adoption


FILE PHOTO Figurines with computers and smartphones are seen in front of EPAM logo in this illustration taken February 19 2024. REUTERSDado RuvicIllustrationFile Photo

FILE PHOTO: Figurines with computers and smartphones are seen in front of EPAM logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - EPAM Systems beat quarterly profit and revenue estimates on Thursday, helped by strong demand for its IT services as businesses are increasingly digitizing their operations.

The positive result underscores the recovery of demand for IT services as clients are increasingly adopting cloud services and look to deploy their own AI applications, helping companies that provide product development services such as EPAM.


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