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EPAM-News
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EPAM Partners with Wiz to Enhance Cloud Security Capabilities
Epam Systems (EPAM) announced a collaboration with Wiz, a cloud and AI security leader that is now part of Google Cloud (GOOG, GOOGL). EPAM joined the Wiz Partner Alliance to help organizations turn cloud risk intelligence into continuous, AI-powered and engineering-led remediation across complex multi-cloud environments. The partnership brings together Wiz's AI Application Protection Platform (AI-APP) with EPAM's AI-native engineering and cloud modernization capabilities. Together, Wiz's context-based risk intelligence and EPAM's engineering expertise will help organizations identify, prioritize and address critical risks across applications, infrastructure and operating environments, moving beyond risk detection to address root causes at enterprise scale.
EPAM Reports Q2 Revenue of $1.42B, Exceeding Expectations
Reports Q2 revenue $1.42B, consensus $1.41B. "Our second quarter results came in better than expected with continued AI-native momentum and ongoing profitability improvement, reflecting solid execution against our multi-year strategy," said Balazs Fejes, CEO & President, EPAM. "As we continue to expand our strategic partnerships and leverage our 30+ years of engineering DNA to build the next generation forward-deployed engineering organization, our conviction in the strategy, the team and our commercial transformation is high."
EPAM Sees Q3 Revenue of $1.41B to $1.43B
Sees Q3 revenue $1.41B-$1.43B, consensus $1.44B. The company said, "The Company expects revenues will be in the range of $1.410 billion to $1.425 billion for the third quarter, reflecting year-over-year growth of 1.7% at the midpoint of the range. The Company expects the year-over-year revenue growth rate on an organic constant currency basis to be 1.8% at the midpoint of the range; For the third quarter, EPAM expects GAAP income from operations to be in the range of 11.0% to 12.0% of revenues and non-GAAP income from operations to be in the range of 15.5% to 16.5% of revenues; The Company expects its GAAP effective tax rate to be approximately 25% and its non-GAAP effective tax rate to be approximately 24%; and EPAM expects GAAP diluted EPS will be in the range of $2.33 to $2.41 for the quarter, and non-GAAP diluted EPS will be in the range of $3.38 to $3.46 for the quarter. The Company expects weighted average diluted shares outstanding for the quarter to be 51.4 million."
EPAM Lowers FY26 Revenue Outlook to Growth of 3.2%-4.2%
Consensus $13.04. Lowers FY26 revenue view to up 3.2%-4.2% from up 4%-6.5%. The company said, "The Company now expects the year-over-year revenue growth rate to be in the range of 3.2% to 4.2% for 2026 and now expects the year-over-year revenue growth rate on an organic constant currency basis to be in the range of 2.0% to 3.0%; For the full year, EPAM now expects GAAP income from operations to be in the range of 10.5% to 11.0% of revenues and non-GAAP income from operations to be in the range of 15.5% to 16.0% of revenues; The Company continues to expect its GAAP effective tax rate to be approximately 27% and its non-GAAP effective tax rate to be approximately 24%; and EPAM now expects GAAP diluted EPS to be in the range of $8.22 to $8.38 and non-GAAP diluted EPS to be in the range of $13.08 to $13.24. The Company now expects weighted average diluted shares outstanding for the year to be 52.2 million."
EPAM Systems Joins OpenAI Partner Network as Advanced Partner
EPAM Systems announced that it has joined the OpenAI Partner Network as an OpenAI Advanced Partner to help global enterprises implement safer, scalable AI solutions. EPAM's forward-deployed engineers will integrate OpenAI's models into new and existing operations, address industry-specific compliance and security requirements and deliver world-class customer experiences.
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