EPAM Systems, Inc. is a digital platform engineering and software development firm based in Newtown, Pennsylvania, with a market cap of $8.7 billion. It serves a variety of industries, offering end-to-end digital transformation solutions by combining consulting, design, and engineering services.

Despite reaching a 52-week high of $269 on Feb. 18, EPAM’s shares have dropped 42.7% since then and 8.3% in the past three months, underperforming the Fidelity MSCI Information Technology Index ETF.

Over the past year, EPAM has fallen 22.5%, trailing behind the Fidelity MSCI Information Technology Index ETF’s 29.3% uptick. Year-to-date, EPAM shares are down 34.1% compared to a 19.9% rise for the ETF.

EPAM’s stock surged 4.3% after its impressive Q2 earnings release, reporting an 18% increase in revenue year-over-year to $1.4 billion and a 13.1% rise in adjusted EPS to $2.77. The company raised its fiscal 2025 guidance, projecting revenue growth of 13-15% and adjusted EPS of $10.96-$11.12.

EPAM has outperformed Accenture plc’s 30.6% drop over the past 52 weeks but has lagged behind its 33.1% loss on a year-to-date basis.

Read more at Yahoo Finance: How Is EPAM Systems’ Stock Performance Compared to Other Information Technology Stocks?