EPAM Systems
0.77 %
-15.8 %
Yet to be announced
Company Overview
EPAM Systems, Inc. is a global provider of digital platform engineering and software development services. The company specializes in digital transformation consulting, complex software engineering solutions, and innovative enterprise software platforms. EPAM serves clients across various industries including financial services, healthcare, retail, and technology.
Revenue Sources
PassBased on EPAM's SEC filings and business model analysis, their revenue primarily comes from digital platform engineering, software development, and consulting services. These core business activities are halal as they involve the exchange of legitimate services for compensation. There is no evidence of revenue from gambling, alcohol, tobacco, or other haram sources.
Reliance on Interest
Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
---|---|---|---|---|---|---|
Sept. 30, 2024 | $1.17b | $990.55m | - | - | 0.00% | 0.00% |
June 30, 2024 | $1.15b | $1.03b | - | - | 0.00% | 0.00% |
March 31, 2024 | $1.17b | $1.05b | - | - | 0.00% | 0.00% |
Dec. 31, 2023 | $1.16b | $1.03b | - | - | 0.00% | 0.00% |
Analyzing the financial data from the last four quarters shows that EPAM has reported zero interest income and zero interest expense consistently. This indicates that interest-based activities are not material to the company's business model.
Operational Ethics
PassBased on public information and company disclosures, EPAM does maintain some business operations in China, but there is no clear evidence of direct material associations with the Chinese Communist Party. The company did previously have operations in Israel but has since divested these operations following the October 2023 events. As the Israeli operations have been discontinued, this is no longer a current concern.
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