EPAM Systems, Inc. (EPAM) announced that its Board has authorized a new stock repurchase program of up to $1 billion of the outstanding common stock, par value $0.001 per share. The share repurchase program will have a term of 24 months.
Jason Peterson, CFO, said: "We remain confident in the underlying strength of our business reflected by three quarters of improving year-over-year organic constant currency 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."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.