By Colin Kellaher
EPAM Systems on Tuesday said its board has approved the repurchase of up to $1 billion in common stock over the next two years.
Based on Monday's closing price of $145, the new buyback program would represent more than 12% of EPAM's nearly 55.7 million shares outstanding as of July 31.
The Newton, Pa., provider of digital engineering, cloud and artificial intelligence-enabled transformation services, which sports a market capitalization topping $8 billion, spent almost $355 million to buy back more than 1.88 million shares in the first half of the year.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
October 21, 2025 06:21 ET (10:21 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.