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NEWTOWN, Pa. - EPAM Systems, Inc. (NYSE:EPAM), a $9.5 billion market cap technology company generating nearly $5 billion in annual revenue, announced Tuesday the release of DIAL 3.0, the latest version of its open-source generative AI platform designed for enterprise use. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet.
The updated platform aims to help organizations implement AI solutions while maintaining control and avoiding vendor lock-in. DIAL 3.0 supports agentic workflows and data-native reasoning capabilities, according to the company’s press release. With 14 analysts recently revising their earnings estimates upward, EPAM’s AI initiatives appear to be gaining traction in the market.
"Many of our clients are at a strategic crossroads, whether to build in-house capabilities or commit to commercial GenAI platforms," said Arseny Gorokh, VP of AI Enablement and Growth at EPAM. "We believe the answer is a hybrid strategy that combines the structure of platform thinking with the flexibility of open source."
First launched in 2023, DIAL has evolved from an internal tool to a framework now used by clients across financial services, healthcare, insurance, retail and other sectors to implement generative AI solutions.
Ilya Gorelik, VP and Head of DIALX at EPAM, stated the platform helps "translate domain knowledge into deployable logic across use cases, departments and geographies."
Altera Digital Health, an early adopter of the platform, has been using DIAL since its initial release. Dr. Bob Taylor, Chief Product Strategist at Altera Digital Health, cited the platform’s continued evolution and EPAM’s commitment to openness as factors in their decision to scale AI solutions using DIAL.
EPAM Systems, founded in 1993, provides digital engineering and AI-enabled transformation services. The company was added to the S&P 500 and Forbes Global 2000 in 2021.
In other recent news, EPAM Systems reported impressive first-quarter 2025 earnings with an earnings per share (EPS) of $2.41, surpassing the forecast of $2.29. The company also reported revenue of $1.3 billion, exceeding expectations and marking an 11.7% increase year-over-year. Mizuho Securities responded to these strong financial results by raising its price target for EPAM Systems to $224, while maintaining an Outperform rating. The firm highlighted the company’s increased revenue and earnings projections for 2025 and 2026, driven by the adoption of new technologies like GenAI.
Additionally, TD Cowen raised its price target for EPAM Systems to $198 from $180, though it maintained a Hold rating. The analyst noted the company’s solid first-quarter performance and encouraging second-quarter outlook, despite a challenging services environment. Stifel also reiterated its buy rating on EPAM Systems, maintaining a price target of $246, and pointed out that the company’s 2025 guidance appears conservative, suggesting potential for upside if economic stability continues.
EPAM Systems’ strategic focus on AI-related services and global delivery capabilities has bolstered its market position, with partnerships with tech giants like Google Cloud and AWS enhancing its service offerings. The company has raised its full-year revenue guidance to a range of 11.5% to 14.5%, reflecting its optimistic outlook for the remainder of the year. These developments underscore EPAM Systems’ resilience and adaptability in a competitive market, as it continues to navigate macroeconomic challenges and capitalize on growth opportunities.
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