On July 29, EPAM Systems Inc rose 5.66% in regular trading, trading at $99.55/share, with turnover of $108 million. The rally was driven by the announcement that EPAM has joined the OpenAI Partner Network as an advanced partner.

According to the announcement, the partnership will combine OpenAI's models with EPAM's engineering force, cyber resilience systems, and customer experience expertise. As an advanced partner, EPAM will help clients connect OpenAI models to their applications and workflows while maintaining regulatory and security requirements. The companies also plan to develop specialized engineer training globally, aiming to certify thousands of consultants in the first year. No financial details of the arrangement were disclosed.

The broader IT Consulting and Other Services sector saw strength on the day, with Cognizant Technology Solutions up 7.4%, Accenture up 7.0%, Gartner up 6.26%, Infosys up 4.19%, and IBM up 4.15%.

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