COVID-19 pandemic and its impact on EPAM financial standing

Abstract

The article under consideration analyzes the financial sustainability of EPAM Systems over the past 10 years and examines a comparative analysis of the impact of the coronavirus infection on the IT company in comparison with the previous years. The research is relevant as the current economic situation during the pandemic is severe not only all over the world but also in the Republic of Belarus. Due to the fact that EPAM Systems is the largest software developer in Belarus, its example can be used to summarize the work of most IT companies in the country. Indicators such as net profit margin, return on assets, equity, sales, and return on current liquidity are calculated. These indicators are used to analyze the financial performance of EPAM Systems. Recommendations are made to optimize the work of this company in the context of the coronavirus pandemic