Epam Systems Wins Two Google Cloud Partner Awards
Epam Systems Inc. has seen its stock price drop by 6.29%, hitting a 52-week low amid a broader market decline, with the Nasdaq-100 down 0.23% and the S&P 500 down 0.14%.
The company has been awarded two 2026 Google Cloud Partner of the Year awards, recognizing its exceptional performance in helping clients achieve measurable business outcomes through advanced AI and cloud technologies. This award highlights EPAM's strategic partnership with Google Cloud and its commitment to driving digital transformation and innovation.
This recognition not only reinforces EPAM's leadership position in the industry but also showcases its capabilities in delivering scalable and secure solutions that enhance clients' operational efficiency, potentially positioning the company for future growth despite current market challenges.
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- Award Recognition: EPAM Systems has been awarded two 2026 Google Cloud Partner of the Year awards, highlighting its excellence in helping clients achieve measurable business outcomes through advanced AI and cloud technologies, thereby reinforcing its leadership position in the industry.
- Solution Advantages: The solutions provided by EPAM are scalable, secure, and high-performing, effectively addressing complex challenges and enhancing clients' operational efficiency and cost-effectiveness, which drives rapid business growth.
- Comprehensive Capabilities: With its end-to-end engineering, consulting, and delivery capabilities, EPAM offers comprehensive support to clients, ensuring optimal business outcomes during cloud solution implementation and enhancing clients' competitive edge in the market.
- Strategic Partnership: This recognition not only underscores EPAM's close collaboration with Google Cloud but also reflects the company's ongoing commitment to driving digital transformation and innovation, aiming to empower clients through technology for long-term growth.
- Dual Recognition: EPAM Systems has been awarded two 2026 Google Cloud Partner of the Year awards, highlighting its exceptional performance in helping clients achieve measurable business outcomes, particularly in modernizing platforms and unlocking data value.
- Sustainability Award: EPAM's use of AI and geospatial technology to address environmental challenges earned it the Services & Industry Solutions: Sustainability award, showcasing its commitment to setting new standards for responsible technology use in environmental stewardship.
- Database Migration Success: Through collaboration with Deutsche Bank, EPAM accelerated cloud migrations using a repeatable, scalable methodology, significantly reducing total cost of ownership and enhancing the feasibility of enterprise database modernization.
- Deepening Strategic Partnership: This recognition further solidifies EPAM's long-standing strategic collaboration with Google Cloud, underscoring its leadership in driving customer success and delivering industry-specific solutions.
- Conference Call Announcement: EPAM Systems will host a conference call on May 7, 2026, at 8:00 a.m. ET to discuss its Q1 2026 financial results, with a news release expected to be issued prior to the call for investor reference.
- Live Streaming Details: The conference call will be streamed live on EPAM's website, requiring investors to register at least 15 minutes in advance to participate, while those unable to attend live can access a replay in the Investor Relations section, ensuring timely information dissemination.
- Company Overview: EPAM Systems is a global leader in digital transformation services and product engineering, boasting over 30 years of expertise in custom software and platform engineering, dedicated to enabling Fortune Global 2000 companies and ambitious startups to achieve AI transformation and drive value from innovation and digital investments.
- Industry Recognition: EPAM has been recognized by major publications such as Forbes, Glassdoor, and Newsweek as a Most Loved Workplace globally, highlighting its leadership position in the industry and commitment to employee satisfaction.
- Investigation Launched: The Portnoy Law Firm has initiated an investigation into EPAM Systems for possible securities fraud and may file a class action on behalf of investors, aiming to protect their legal rights and recover losses.
- Significant Stock Decline: EPAM's stock price plummeted by $9.20, or 6.61%, over two trading days, closing at $129.96, primarily due to a significant revenue reduction disclosed in the company's fiscal year 2025 financial results, which severely impacted investor confidence.
- Client Loss Impact: During the earnings call, the CFO confirmed that the largest customer of the NEORIS business would ramp down operations between Q4 and Q1, raising concerns about future revenue and exacerbating the stock price decline as the market adjusted to this anticipated loss.
- Investor Losses Worsen: The reduction in a major client has led to a pessimistic outlook on EPAM's organic growth and quarterly revenue targets, resulting in a steady erosion of shareholder value, with the Portnoy Law Firm committed to seeking compensation for affected investors.
- Customer Satisfaction Boost: EPAM has been recognized as a top IT sourcing vendor in Belgium and Luxembourg by Whitelane Research in its 2026 study, highlighting its exceptional capabilities in digital and AI transformation, which further solidifies its market leadership.
- Integrated Technical Expertise: EPAM's strong engineering expertise and integrated technical capabilities enable it to accelerate clients' transformation processes, ensuring they are AI-ready in a rapidly changing market environment, thereby enhancing their competitive edge.
- Enhanced Market Adaptability: As organizations continuously adapt and scale to meet evolving market demands, EPAM's services are deemed critical for achieving digital transformation, underscoring its significance and influence within the industry.
- Increased Industry Recognition: This accolade not only reflects EPAM's outstanding performance in the IT outsourcing sector but also lays a solid foundation for future business growth and market expansion, enhancing client trust in its services.
- Outstanding Client Satisfaction: EPAM achieved an impressive 83% rating in both application services and overall satisfaction in Whitelane Research's 2026 BeLux IT Sourcing Study, highlighting its robust capabilities in digital and AI transformation and reinforcing its position as a trusted IT service partner.
- Leading Service Delivery Quality: With a service delivery quality rating of 85%, EPAM stands out as an exceptional performer in the industry, reflecting its strong alignment with modern enterprise needs and providing clients with consistent, measurable value that enhances competitive advantage.
- Growing Market Recognition: For the third consecutive year, EPAM has been recognized as a leading IT provider in Europe, ranking first across multiple key categories, indicating a strengthening leadership position in the IT market, particularly in Belgium and Luxembourg.
- Solid Client Base: The survey revealed zero dissatisfied clients, which not only validates EPAM's exceptional service quality but also lays a solid foundation for future business growth, further driving the company's strategic development in AI and digital transformation.










