NEWTOWN, Pa. - EPAM Systems, Inc. (NYSE:EPAM), a company specializing in digital transformation and product engineering, has introduced OSPulse™, a new analytics dashboard designed for enterprises to monitor open source software (OSS) activities. The tool aims to provide organizations with a comprehensive view of their open source contributions and impact, enabling them to make informed decisions based on data.
OSPulse™ is crafted to evaluate a company's open source engagement, offering insights into individual and collective contributions across various platforms, solutions, and projects. Christopher Howard, Head of the Open Source Program Office at EPAM, emphasized the dashboard's role in helping businesses understand their open source footprint and strategize accordingly.
The cloud-based dashboard collects real-time data on various aspects of open source engagement, such as contributors, contribution frequency, repositories, licenses, and programming languages. It also provides customizable reports and data visualization for stakeholders, including senior executives, HR, engineers, and project managers.
Among its key features, OSPulse™ enables organizations to identify trends, focus areas, and skills gaps; recognize and support contributors; and streamline talent acquisition processes. The tool can integrate with HR and industry analytics platforms, facilitating a seamless implementation without manual reporting.
EPAM, with over 140,000 commits in the public domain, has been a significant contributor to open source, advocating for its benefits in fostering better software and stronger communities. The company developed the Open Source Contributor Index (OSCI) in 2019 to measure and acknowledge commercial organizations' contributions to the open source community.
This announcement is based on a press release statement from EPAM Systems, Inc.
InvestingPro Insights
EPAM Systems, Inc. (NYSE:EPAM) continues to innovate with the introduction of OSPulse™, reinforcing its position as a key player in digital transformation and product engineering. As the company strengthens its open source software (OSS) analytics offerings, it's also worth noting its financial and market metrics that could impact its growth trajectory and investor sentiment.
EPAM's current market capitalization stands at approximately $17.54 billion, reflecting the market's valuation of the company. Despite a slight decline in revenue growth over the last twelve months as of Q4 2023, with a -2.78% change, the company has maintained a solid gross profit margin of 31.01%. This suggests that EPAM is effectively controlling its cost of goods sold, which is crucial for maintaining profitability in a competitive tech landscape.
InvestingPro Tips highlight that EPAM holds more cash than debt on its balance sheet, indicating a strong liquidity position that could support future growth initiatives like OSPulse™. Additionally, the company's liquid assets exceed its short-term obligations, which adds to its financial stability. For potential investors and current shareholders, these factors are essential when evaluating the company's financial health.
Investors interested in a deeper dive into EPAM's financials and market performance can find an array of InvestingPro Tips by visiting https://www.investing.com/pro/EPAM. For those looking to subscribe, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. There are 11 additional InvestingPro Tips available for EPAM, offering insights into aspects such as earnings revisions, trading multiples, and profitability forecasts.
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