EPAM expands collaboration with Oracle for cloud transformation

NEWTOWN, Pa. - EPAM Systems, Inc. (NYSE:EPAM), a technology services provider with over $5 billion in annual revenue and strong financial health according to InvestingPro, announced Tuesday an expanded collaboration with Oracle to help enterprises integrate Oracle Cloud Infrastructure (OCI) and AI services into their cloud strategies.

The partnership aims to assist businesses across healthcare, life sciences, financial services and insurance industries in streamlining their multi-cloud transformation efforts to improve scalability and efficiency. With a solid balance sheet showing more cash than debt and a healthy current ratio of 3.17, EPAM is well-positioned to support large-scale enterprise transformations.

EPAM brings over 1,100 global Oracle certifications to the collaboration, including specializations in OCI Data Management, Integration, Migration, Security and Oracle Database to Oracle Cloud. These certifications require a rigorous approval process, customer case studies and satisfaction surveys. For detailed analysis of EPAM’s business model and growth prospects, check out the comprehensive Pro Research Report available on InvestingPro, which covers 1,400+ top US stocks.

"Our expanded collaboration with Oracle builds on many years of working together and leverages EPAM’s engineering strengths in driving innovative cloud solutions," said Elaina Shekhter, SVP, Chief Marketing & Strategy Officer at EPAM.

The partnership will focus on helping organizations implement AI-driven approaches alongside Oracle technologies to accelerate value realization from OCI solutions within multi-cloud strategies.

"Enterprises today need effective AI solutions that help solve real-world problems and grow their businesses," said David Hicks, Group Vice President, ISV Ecosystem, Oracle North America. "Working with EPAM, we make it easier for our joint customers to leverage cloud and AI services to streamline their operations and make data-driven decisions."

EPAM, which was added to the S&P 500 and Forbes Global 2000 in 2021, has been providing digital engineering and transformation services since 1993.

This announcement is based on a press release statement from EPAM Systems.

In other recent news, EPAM Systems reported impressive earnings for the second quarter of 2025, with an earnings per share (EPS) of $2.77, surpassing the forecast of $2.61. The company’s revenue also exceeded expectations, reaching $1.353 billion compared to the projected $1.33 billion. In addition to these financial results, EPAM has announced a strategic collaboration with BOSS to develop an immersive racing experience using Apple Vision Pro technology. Analyst firms have responded positively to these developments, with TD Cowen upgrading EPAM Systems’ stock rating from Hold to Buy, citing the company’s recovering growth trajectory. Mizuho has raised its price target for EPAM Systems to $225, following the company’s strong quarterly results and updated guidance. Jefferies also increased its price target to $230, maintaining a Buy rating and highlighting the growing demand for EPAM’s technical expertise. These recent developments reflect a positive outlook for EPAM Systems as it continues to navigate the current economic landscape.

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