Jim Cramer Discussed 10 Stocks That Can Do Well in December

8. EPAM Systems, Inc. (NYSE:EPAM)

Number of Hedge Fund Holders: 39

Discussing EPAM Systems, Inc. (NYSE:EPAM), Cramer remarked:

“Next is EPAM Systems, which is an enterprise software company for platform engineering development. Now the stock’s come roaring back leading, it is part of the return of the enterprise software primacy over hardware. EPAM’s strength is a green light to buy Salesforce and ServiceNow, the two biggest enterprise software plays that I like.”

EPAM (NYSE:EPAM) offers digital platform engineering, software development, and infrastructure management services, along with consulting, design solutions, and expertise in emerging technologies like AI, robotics, and virtual reality. Arkadiy Dobkin, the Chairman, President, and CEO, recently emphasized that investing in both organic growth and acquisitions is essential for building advanced capabilities and expanding service offerings in talent markets.

In the third quarter, the company acquired NEORIS, its largest acquisition to date, which expands its presence in Latin America and parts of Europe, drives growth opportunities with joint clients, and strengthens its regional delivery platform, particularly in Spanish- and Portuguese-speaking markets.

On December 3, EPAM (NYSE:EPAM) also completed the acquisition of First Derivative, a consulting and managed services firm specializing in the capital markets industry. First Derivative has a strong presence in the U.K., Ireland, North America, and the Asia-Pacific region. This acquisition further expands the company’s service capabilities and delivery network, strengthening its position in the global market.