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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.