NEWTOWN, PA — EPAM Systems, Inc. (NYSE: EPAM) announced that its Board of Directors has authorized a new stock repurchase program of up to $1 billion of the company’s outstanding common stock. The two-year plan gives EPAM flexibility to buy back shares through open market purchases, privately negotiated transactions, or Rule 10b5-1 trading plans in compliance with federal securities laws.
The company stated that the timing and total amount of repurchases will depend on several factors, including market conditions, stock price, and corporate requirements. The authorization does not obligate EPAM to acquire any specific number of shares and may be modified or terminated at any time.
Balazs Fejes, EPAM’s CEO and President, said the move reflects the company’s confidence in its long-term strategy and growth prospects. “Our Board and management team are confident in our ability to deliver higher levels of future growth and shareholder value, underpinned by our recognized core engineering expertise and AI-Native market position,” Fejes said.
Chief Financial Officer Jason Peterson emphasized EPAM’s continued operational strength, noting three consecutive quarters of improving year-over-year organic revenue growth. “With efficient free cash flow generation and a strong balance sheet, we can take advantage of the current market dynamic and return cash to shareholders, while also making ongoing investments in our business and AI Agenda,” Peterson said.
EPAM, a leading digital transformation and product engineering services firm, marks the repurchase authorization as part of a broader capital allocation strategy aimed at enhancing shareholder returns while continuing to invest in innovation and AI-driven capabilities.
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