EPAM shares fall again as Pa.-based software giant rushes to save its engineers caught in Ukraine invasion

Daily News | EPAM shares fall again as Pa.-based software giant rushes to save its engineers caught in Ukraine invasion

and warned it could no longer predict its financial results for this year, due to “military actions in Ukraine.”is the safety and security of its employees and their families in Ukraine, said EPAM in a statement. So it is “working to relocate its employees to lower-risk locations in Ukraine and neighboring countries.” EPAM has not expressed any public position on the war itself, which divided countries where it has many workers.

That’s a drop of 66% from the stock’s 2021 high, and follows another big drop when Russia invaded last week. Russia has since invaded Ukraine, seeking to topple its elected government, which is friendly to the U.S. and other NATO nations, and which Russian leaders say without evidence is a threat to them.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

PhillyDailyNews /  🏆 89. in US

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pa. Capitol lit up in blue and yellow in solidarity with UkraineThe idea was floated Saturday morning and found bipartisan support quickly, with the lights turned on by evening.
Read more »

Pa. Capitol to be lit up in blue and yellow in solidarity with UkraineUkraine attacks: Pa. Capitol will honor of victims of the war
Read more »

Pa. driver opens fire after 2-vehicle crash involving Amazon vanRoad rage may be behind both the crash and the shooting that occurred afterward, Pa. police say.
Read more »

Gov. Wolf urges removal, ceasing sales of Russian-sourced products in Pa.Gov. Tom Wolf Sunday sent a letter to the Pennsylvania Liquor Control Board, urging it to remove Russian-sourced products from Fine Wine & Good Spirits stores in the Commonwealth.
Read more »

SEPTA to replace private security guards with ‘guides’ | Today in Pa.SEPTA to replace private guards with guides. Temple-developed HIV treatment starts clinical trial. Giant nixes minimum order limit, curbside pickup fees. Monopoly to feature Pittsburgh streets, landmarks.
Read more »