Finance

EPAM turns to Wiz partnership as revenue growth slows

The technology services company says its cloud security alliance with Wiz builds on work across six industries, as full-year growth guidance remains subdued.

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Owen Mercer
Markets and Finance Editor
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Source: Yahoo Finance · View original source
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EPAM Systems said on 25 August that it had joined the Wiz Partner Alliance, combining Wiz’s cloud and AI security platform with EPAM’s engineering, cloud modernisation and White Hat security services.

The partnership is intended to help large organisations identify, assess and remediate cloud risks across Google Cloud, AWS, Azure and other environments. White Hat adds defensive, offensive and incident-response specialists to test whether vulnerabilities identified through Wiz are exploitable.

EPAM said it had already delivered Wiz implementation programmes across six sectors: media and entertainment, transportation and logistics, life sciences and healthcare, financial services, automotive, and retail and consumer goods.

The announcement follows a second quarter in which EPAM reported 4.5% revenue growth. Its full-year revenue growth guidance is 3.2% to 4.2%, including organic constant-currency growth of 2.0% to 3.0%. The company’s third-quarter outlook implies year-on-year growth of approximately 1.7% at the midpoint.

Profitability improved in the second quarter, with operating margins and diluted earnings per share rising year on year. However, operating cash flow declined in the first half of 2026, while EPAM repurchased $409 million of shares.

The partnership’s financial terms, expected revenue contribution and implementation timeline were not disclosed. It remains unclear whether Wiz-related work will offset slower growth in EPAM’s core business.

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