Vendor Analysis
published on Sep 13, 2024
Report Overview:
This NelsonHall vendor assessment analyzes EPAM's offerings and capabilities in quality engineering services
Who is this Report for:
NelsonHall’s Quality Engineering profile on EPAM is a comprehensive assessment of EPAM’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of QE and identifying vendor suitability for quality engineering/QA/testing services
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the QE and IT services sectors.
Scope of this Report:
The report provides a comprehensive and objective analysis of EPAM’s QE offerings, capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, challenges, and outlook
- Revenue estimates
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization, including the location of delivery centers.
Key Findings & Highlights:
EPAM had 2023 revenues of $4.7bn. Its headcount at the end of Q2 2024 was 52,650. The company has a heritage in delivery from three countries: Belarus, Ukraine, and Russia. Since the Russian invasion of Ukraine, the company has significantly reduced its headcount in these three countries, transferring resources to Poland and growing its presence in India and Central and Western Europe.
The company initially started providing standalone testing services through a localization and internationalization contract for Brio Software (now part of Oracle); it set up its testing practice in 1999.
In Q4 2018, EPAM created its Cloud & DevTestSecOps practice, which includes its capabilities around cloud infrastructure and application migration to the cloud, application operations, DevOps services, security, and software testing. The Cloud & DevTestSecOps is EPAM's largest practice and its Digital Engineering Practice (software development).