EPAM awarded Databricks AI Partner of the Year for 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2025
0mins
Source: Businesswire
EPAM Systems Inc. has seen a price increase of 7.57% as it reaches a 5-day high.
The company has been recognized as the 2026 Databricks Consulting & Systems Integrator AI Partner of the Year, reflecting its significant contributions to enterprise data and AI transformation across various sectors. This recognition highlights EPAM's ability to enhance decision-making efficiency for clients, reducing decision cycles from days to minutes and improving operational efficiency. Furthermore, EPAM's collaboration with a leading marketing data analytics firm has resulted in the delivery of a modern enterprise data platform, addressing fragmented data issues and supporting high-volume analytics.
This recognition positions EPAM favorably in the market, reinforcing its status as an AI-first company and potentially attracting more clients seeking to enhance their AI capabilities.
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Analyst Views on EPAM
Wall Street analysts forecast EPAM stock price to rise
13 Analyst Rating
9 Buy
4 Hold
0 Sell
Moderate Buy
Current: 86.850
Low
170.00
Averages
214.70
High
246.00
Current: 86.850
Low
170.00
Averages
214.70
High
246.00
About EPAM
EPAM Systems, Inc. is a global provider of digital engineering, cloud and artificial intelligence-enabled transformation services, and a business and experience consulting partner for global enterprises and start-ups. The Company leverages AI to deliver transformative solutions that accelerate its clients' digital innovation. Through platforms like EPAM AI/RUN and initiatives like DIALX Lab, it integrates advanced AI technologies into tailored business strategies. Its services include strategy; engineering, cloud, data & analytics; artificial intelligence; cybersecurity, and CX+. Its clients operate in five main industry verticals (financial services; consumer goods, retail and travel; software and hi-tech; business information and media, and life sciences and healthcare) as well as a number of emerging verticals. Its strategy services include optimizing for growth, talent enablement, and mergers and acquisitions. Its engineering services include open source and quality engineering.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
EPAM Systems to Host Q2 2026 Financial Results Conference Call
- Conference Call Announcement: EPAM Systems will host a conference call on August 6, 2026, at 8:00 a.m. ET to discuss its Q2 2026 financial results, with a news release expected to precede the call for investor insights.
- Live Webcast Details: The conference call will be streamed live on the EPAM website, requiring investors to register at least 15 minutes in advance, while a replay will be available in the Investor Relations section for those unable to attend live, ensuring timely information dissemination.
- Company Overview: EPAM Systems is a global leader in digital and AI transformation, boasting over 30 years of expertise in custom software and platform engineering, dedicated to enabling Fortune Global 2000 companies and ambitious startups to become AI-native enterprises, driving measurable value from innovation and digital investments.
- Industry Recognition: EPAM has received numerous accolades for its exceptional workplace culture and environment, recognized by Forbes, Glassdoor, and Time Magazine, highlighting its status as one of the most loved workplaces globally.
See More
EPAM Recognized as 2026 Databricks AI Partner of the Year
- Industry Recognition: EPAM Systems has been awarded the 2026 Databricks Consulting & Systems Integrator AI Partner of the Year, highlighting its significant contributions to advancing enterprise data, analytics, and AI transformation across sectors such as consumer goods, retail, and healthcare.
- Decision-Making Efficiency: Through its collaboration with Databricks, EPAM has enabled clients to reduce decision cycles from days to minutes, significantly decreasing reliance on manual reporting, thereby enhancing business teams' confidence and operational efficiency.
- Data Modernization Foundation: In partnership with a leading marketing data analytics firm, EPAM successfully delivered the first modern enterprise data platform, simplifying fragmented data issues and creating a common data model that supports governance and facilitates high-volume analytics.
- Strategic Partnership Enhancement: EPAM's AI accelerators are helping clients across various industries to accelerate AI adoption, further solidifying its position as an AI-first company that drives improved enterprise performance and measurable business value.
See More
Accenture Shares Plunge 18% Amid AI Demand Concerns
- Stock Plunge: Accenture (ACN) shares plummeted about 18% on June 18, marking its worst single-day drop ever, primarily due to management's cut in full-year revenue growth outlook to 3%-4%, exacerbating market fears over AI threatening IT service demand.
- Performance Metrics: Despite a solid fiscal Q3 2026 with a 6% revenue increase to $18.7 billion and a 9% rise in earnings per share, a 2% drop in new bookings and an estimated $100 million revenue loss from the Middle East conflict undermined investor confidence.
- EPAM's Vulnerability: EPAM Systems (EPAM) saw a 9% decline on the same day, as its status as a pure-play digital engineering firm makes it particularly susceptible to AI automation, with shares down nearly two-thirds from a January peak, reflecting heavy market skepticism about its future.
- Cognizant's Booking Growth: Although Cognizant (CTSH) shares fell about 10% to a 52-week low on June 18, it reported a 5.8% revenue increase to $5.4 billion in Q1 and a 21% rise in bookings, indicating resilience in its business, suggesting that market panic may be overstated.
See More
Accenture Faces Record Stock Drop Amid Revenue Outlook Cut
- Record Stock Drop: Accenture (NYSE: ACN) experienced an approximately 18% drop on June 18, marking its worst single-day decline ever, primarily due to a revised full-year revenue growth outlook of 3% to 4%, which spooked investors about future performance.
- Decline in New Bookings: The company reported a 2% decrease in new bookings, with CEO Julie Sweet attributing part of the revenue softness to the Middle East conflict, which cut about $100 million from third-quarter expectations, potentially impacting future business growth.
- Competitors Hit Hard: On the same day, EPAM Systems (NYSE: EPAM) fell about 9%, while Cognizant (NASDAQ: CTSH) dropped around 10%, reflecting widespread market fears that AI could diminish demand for IT services, despite Cognizant reporting a 5.8% revenue increase in Q1.
- IBM's Resilience: In contrast, IBM (NYSE: IBM) only slipped about 5%, with strong performance in its software and infrastructure segments, reporting an 11% increase in software revenue in Q1, indicating a more resilient business model, as CEO Arvind Krishna views AI as a growth catalyst.
See More
EPAM Systems Shares Enter Oversold Territory
- Oversold Signal: EPAM Systems' relative strength index (RSI) has dropped to 23.5, indicating the stock is in oversold territory with a current price of $77.16 per share, suggesting that recent selling pressure may be waning and providing potential buying opportunities for investors.
- Market Comparison: Compared to the S&P 500 ETF (SPY) RSI of 55.0, EPAM's significantly lower RSI reflects relative weakness in the market, potentially attracting investors looking for a rebound.
- Historical Performance Analysis: EPAM's 52-week low is $76.0201, with a high of $222.53, and the current trading price is $76.64, indicating substantial volatility over the past year, prompting investors to carefully assess risks.
- Investor Sentiment: Despite the current low stock price, investors should monitor changes in market sentiment, especially as the RSI indicates oversold conditions, which may lead to a rebound and attract increased buying interest.
See More
EPAM, Gartner, and Accenture Shares Plummet Amid Fed Rate Decision
- Fed Rate Decision Impact: The Federal Reserve's decision to maintain the benchmark rate at 3.5%-3.75% led to significant stock declines for IT service companies, with EPAM, Gartner, and Accenture falling 4.9%, 4%, and 4.2% respectively, indicating market concerns over future financing conditions that may tighten IT budgets.
- IT Spending Contraction Trend: As the rate outlook hardens, CFOs are pressured to tighten IT budgets, with discretionary IT spending typically being one of the first areas to face cuts, which could negatively impact IT service firms reliant on multi-year contracts.
- EPAM Stock Volatility Analysis: EPAM's shares have experienced 18 moves greater than 5% in the past year, and while today's drop is notable, it suggests that the market does not fundamentally alter its perception of the company's business, reflecting ongoing investor confidence.
- Stock Buyback Plan Signal: EPAM's board has authorized a stock repurchase program of up to $1 billion over the next 24 months, a move seen as a sign of management's confidence in the company's financial health and future prospects, despite a 55.6% decline in stock price since the beginning of the year.
See More
EPAM Systems to Host Q2 2026 Financial Results Conference Call
- Conference Call Announcement: EPAM Systems will host a conference call on August 6, 2026, at 8:00 a.m. ET to discuss its Q2 2026 financial results, with a news release expected to precede the call for investor insights.
- Live Webcast Details: The conference call will be streamed live on the EPAM website, requiring investors to register at least 15 minutes in advance, while a replay will be available in the Investor Relations section for those unable to attend live, ensuring timely information dissemination.
- Company Overview: EPAM Systems is a global leader in digital and AI transformation, boasting over 30 years of expertise in custom software and platform engineering, dedicated to enabling Fortune Global 2000 companies and ambitious startups to become AI-native enterprises, driving measurable value from innovation and digital investments.
- Industry Recognition: EPAM has received numerous accolades for its exceptional workplace culture and environment, recognized by Forbes, Glassdoor, and Time Magazine, highlighting its status as one of the most loved workplaces globally.
See More
EPAM Recognized as 2026 Databricks AI Partner of the Year
- Industry Recognition: EPAM Systems has been awarded the 2026 Databricks Consulting & Systems Integrator AI Partner of the Year, highlighting its significant contributions to advancing enterprise data, analytics, and AI transformation across sectors such as consumer goods, retail, and healthcare.
- Decision-Making Efficiency: Through its collaboration with Databricks, EPAM has enabled clients to reduce decision cycles from days to minutes, significantly decreasing reliance on manual reporting, thereby enhancing business teams' confidence and operational efficiency.
- Data Modernization Foundation: In partnership with a leading marketing data analytics firm, EPAM successfully delivered the first modern enterprise data platform, simplifying fragmented data issues and creating a common data model that supports governance and facilitates high-volume analytics.
- Strategic Partnership Enhancement: EPAM's AI accelerators are helping clients across various industries to accelerate AI adoption, further solidifying its position as an AI-first company that drives improved enterprise performance and measurable business value.
See More
Accenture Shares Plunge 18% Amid AI Demand Concerns
- Stock Plunge: Accenture (ACN) shares plummeted about 18% on June 18, marking its worst single-day drop ever, primarily due to management's cut in full-year revenue growth outlook to 3%-4%, exacerbating market fears over AI threatening IT service demand.
- Performance Metrics: Despite a solid fiscal Q3 2026 with a 6% revenue increase to $18.7 billion and a 9% rise in earnings per share, a 2% drop in new bookings and an estimated $100 million revenue loss from the Middle East conflict undermined investor confidence.
- EPAM's Vulnerability: EPAM Systems (EPAM) saw a 9% decline on the same day, as its status as a pure-play digital engineering firm makes it particularly susceptible to AI automation, with shares down nearly two-thirds from a January peak, reflecting heavy market skepticism about its future.
- Cognizant's Booking Growth: Although Cognizant (CTSH) shares fell about 10% to a 52-week low on June 18, it reported a 5.8% revenue increase to $5.4 billion in Q1 and a 21% rise in bookings, indicating resilience in its business, suggesting that market panic may be overstated.
See More
Accenture Faces Record Stock Drop Amid Revenue Outlook Cut
- Record Stock Drop: Accenture (NYSE: ACN) experienced an approximately 18% drop on June 18, marking its worst single-day decline ever, primarily due to a revised full-year revenue growth outlook of 3% to 4%, which spooked investors about future performance.
- Decline in New Bookings: The company reported a 2% decrease in new bookings, with CEO Julie Sweet attributing part of the revenue softness to the Middle East conflict, which cut about $100 million from third-quarter expectations, potentially impacting future business growth.
- Competitors Hit Hard: On the same day, EPAM Systems (NYSE: EPAM) fell about 9%, while Cognizant (NASDAQ: CTSH) dropped around 10%, reflecting widespread market fears that AI could diminish demand for IT services, despite Cognizant reporting a 5.8% revenue increase in Q1.
- IBM's Resilience: In contrast, IBM (NYSE: IBM) only slipped about 5%, with strong performance in its software and infrastructure segments, reporting an 11% increase in software revenue in Q1, indicating a more resilient business model, as CEO Arvind Krishna views AI as a growth catalyst.
See More
EPAM Systems Shares Enter Oversold Territory
- Oversold Signal: EPAM Systems' relative strength index (RSI) has dropped to 23.5, indicating the stock is in oversold territory with a current price of $77.16 per share, suggesting that recent selling pressure may be waning and providing potential buying opportunities for investors.
- Market Comparison: Compared to the S&P 500 ETF (SPY) RSI of 55.0, EPAM's significantly lower RSI reflects relative weakness in the market, potentially attracting investors looking for a rebound.
- Historical Performance Analysis: EPAM's 52-week low is $76.0201, with a high of $222.53, and the current trading price is $76.64, indicating substantial volatility over the past year, prompting investors to carefully assess risks.
- Investor Sentiment: Despite the current low stock price, investors should monitor changes in market sentiment, especially as the RSI indicates oversold conditions, which may lead to a rebound and attract increased buying interest.
See More
EPAM, Gartner, and Accenture Shares Plummet Amid Fed Rate Decision
- Fed Rate Decision Impact: The Federal Reserve's decision to maintain the benchmark rate at 3.5%-3.75% led to significant stock declines for IT service companies, with EPAM, Gartner, and Accenture falling 4.9%, 4%, and 4.2% respectively, indicating market concerns over future financing conditions that may tighten IT budgets.
- IT Spending Contraction Trend: As the rate outlook hardens, CFOs are pressured to tighten IT budgets, with discretionary IT spending typically being one of the first areas to face cuts, which could negatively impact IT service firms reliant on multi-year contracts.
- EPAM Stock Volatility Analysis: EPAM's shares have experienced 18 moves greater than 5% in the past year, and while today's drop is notable, it suggests that the market does not fundamentally alter its perception of the company's business, reflecting ongoing investor confidence.
- Stock Buyback Plan Signal: EPAM's board has authorized a stock repurchase program of up to $1 billion over the next 24 months, a move seen as a sign of management's confidence in the company's financial health and future prospects, despite a 55.6% decline in stock price since the beginning of the year.
See More
