Grid Dynamics Holdings Inc

Grid Dynamics Holdings, Inc. provides digital engineering and information technology services. The firm core business is to deliver focused and complex technical consulting, software design, development, testing and internet service operations. It also helps organizations become more agile and create innovative digital products and experiences through its deep expertise in emerging technology, such as AI, data science, cloud computing, big data and DevOps, lean software development practices and a performance product culture. The company was founded by Victoria Livschitz in 2006 and is headquartered in San Ramon, CA.

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Grid Dynamics excels in Q4, eyes $1B revenue target

Grid Dynamics delivered a strong Q4 performance, surpassing revenue expectations and emphasizing global expansion and acquisitions. The company faces challenges in optimizing headcount growth and pricing strategies amidst wage inflation. However, opportunities lie in potential M&A activities, vertical expansion, and leveraging its technological strengths for further growth.

Grid Dynamics exceeds Q1 expectations, focuses on tech innovation and global expansion

Grid Dynamics Holdings Inc (GDYN) delivered strong Q1 2023 results, exceeding revenue and profitability expectations. The company's focus on technology innovation, strategic acquisitions, and client-centric approach positions it well for future growth. Despite challenges in the technology sector and margin pressure, Grid Dynamics is capitalizing on opportunities in digital transformation and geographical expansion.

Grid Dynamics exceeds Q2 expectations, eyes AI growth opportunities

Grid Dynamics' Q2 performance showcased strong revenue, profitability, and client engagement driven by successful AI initiatives and strategic partnerships.
While facing challenges in certain verticals and pricing strategies, the company is well-positioned to capitalize on opportunities in AI, M&A, and global expansion.
By focusing on value creation for clients, technological leadership, and strategic growth initiatives, Grid Dynamics aims to become a billion-dollar revenue company.

Grid Dynamics surpasses Q3 expectations, focuses on growth and resilience

Grid Dynamics delivered strong Q3 results, exceeding expectations and showcasing growth in key verticals. The company's strategic focus on new client acquisitions, AI projects, and global expansion is driving momentum.
While facing margin challenges and market uncertainties, Grid Dynamics is proactively addressing these issues through strategic actions and tough pricing decisions. The company's resilience in rebounding core business and focus on sustainable growth bode well for its future.
Opportunities lie in sustained revenue growth, market expansion, and technological advancements. By leveraging its strengths in client relationships, technical capabilities, and global presence, Grid Dynamics is poised for continued success and scalability.

Grid Dynamics exceeds Q4 revenue guidance, eyes growth opportunities

Grid Dynamics reported strong Q4 performance, exceeding revenue guidance and showcasing growth in key areas like sales, CTO performance, and new AI initiatives. Financial stability improved with higher GAAP net income and cash reserves.
While facing challenges such as revenue mix fluctuations and declining non-GAAP EBITDA, the company is well-positioned to address them through strategic adjustments and a focus on profitability. Opportunities lie in leveraging demand trends, partnerships, and AI advancements for future growth.
Overall, Grid Dynamics' focus on customer diversification, global expansion, and managing OpEx growth relative to revenue growth sets a positive trajectory for 2024. The company's optimism and ability to navigate uncertainties signal a promising outlook for the future.

Grid Dynamics exceeds Q1 revenue expectations, focuses on growth

Grid Dynamics' Q1 performance showcased solid execution, growth in key verticals, and successful technology projects. The company's focus on innovation, partnerships, and client demand positions it well for future growth opportunities while addressing challenges in vertical stabilization and AI adoption impact.

Grid Dynamics surpasses Q2 expectations, eyes AI expansion and sector growth

Grid Dynamics delivered strong Q2 results, exceeding expectations and showcasing revenue growth.
The company's diversified revenue mix and focus on client relationships position it well for future success.
Opportunities in AI expansion, sector growth, and strategic M&A present avenues for continued growth.
Challenges include maintaining momentum, operational efficiency, and global workforce management.

Grid Dynamics excels in Q3, eyes AI growth opportunities

Grid Dynamics delivered a strong Q3 performance, exceeding revenue and EBITDA expectations, driven by customer strength and revenue diversification.
The company faces challenges in managing global expansion and operational efficiency while having opportunities to leverage AI demand and client urgency for project completion.
Strategic investments in technology and expansion into new verticals position Grid Dynamics for continued growth and differentiation in the market.

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SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and advanced analytics services, today proudly announced that Rahul Shah joined the company as Regional Head, India. Rahul's pivotal role centers around revenue growth, fortifying customer relationships, and cultivating top technical talent to match Grid Dynamics' aggressive ramp-up plans in India. An Electronics Engi.

Grid Dynamics Appoints Industry Veteran Rahul Shah to Lead Business Expansion in India

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SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) (Grid Dynamics), a leading provider of technology consulting, platform and product engineering, AI, and advanced analytics services, today proudly announced that it has been named a Leader in Everest Group's Google Cloud Services Specialists PEAK Matrix® Assessment 2024. “As Google Cloud continues to strengthen its foothold in the enterprise cloud domain by enriching its infrastructure, platform, data, security, and.

Grid Dynamics Recognized as a Leader in Everest Group's Inaugural Google Cloud Services Specialists PEAK Matrix® Assessment 2024

SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) (Grid Dynamics), a leader in enterprise-level digital transformation services and solutions, today unveils a GenAI-powered Data Migration Starter Kit, a new component that enhances the capabilities of Grid Dynamics' Analytics Platform and enables its clients to achieve faster, more cost-effective data modernization outcomes. In many enterprises, large-scale data modernization programs span several years and consume.

Grid Dynamics Introduces a GenAI-powered Data Migration Starter Kit to Accelerate Large-Scale Data Modernization Programs

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Key Takeaways: Achieving the AWS Well-Architected Partner Status formally recognizes Grid Dynamics' ability to build and audit secure, high-performing, resilient, and efficient infrastructure for various applications and workloads running in an AWS environment. Clients who leverage Grid Dynamics cloud expertise, and its recently awarded AWS Well-Architected Partner Status, can benefit from significant cost savings, faster time to market, improved application performance, and reduced security risks.

Grid Dynamics Achieves AWS Well-Architected Partner Status

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Q4 2023 Earnings Conference Call February 22, 2024 4:30 PM ET

Grid Dynamics Holdings, Inc. (GDYN) Q4 2023 Earnings Call Transcript

Grid Dynamics (GDYN) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.14 per share a year ago.

Grid Dynamics (GDYN) Misses Q4 Earnings Estimates

SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) (“Grid Dynamics”, “the Company”), a leader in enterprise-level digital transformation, today announced results for its fourth quarter and full year ended December 31, 2023. We are very pleased to report revenue of $78.1 million in the fourth quarter 2023 that was higher than our outlook range of $76 million to $78 million that we provided in November 2023. For the full year 2023, we achieved revenue of $312.9 millio.

Grid Dynamics Reports Fourth Quarter and Full Year 2023 Financial Results

Key Takeaways: Grid Dynamics and its client Yieldmo have co-innovated to develop an advanced ML platform with a comprehensive toolset that helps to streamline ad tech processes and improve the overall effectiveness of ad campaigns. Leveraging the new ML platform, Yieldmo optimizes campaign delivery and performance for its advertisers, while taking advantage of the platform's high scalability, fast time to market for new features and low maintenance requirements.

Grid Dynamics and Yieldmo Implement a Next-Generation ML Platform Accelerating Time to Market for New ML Models and Improving Performance for Advertisers

SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (“Grid Dynamics”), a leader in enterprise-level digital transformation services and solutions, today announced that it will host a video conference call at 4:30 p.m. ET on Thursday, February 22, 2024 to discuss its fourth quarter and full year 2023 financial results. A press release containing these results will be issued before the call. A webcast of the video conference call will be accessed on the Investor Relati.

Grid Dynamics to Announce Fourth Quarter and Full Year 2023 Financial Results on February 22nd

Key Takeaways: Grid Dynamics secures the AI and Machine Learning on Microsoft Azure Advanced Specialization, building on top of its recently awarded Analytics on Microsoft Azure Advanced Specialization. This new status in the Microsoft AI Cloud Partner program expands its engagement in the Microsoft Azure Innovate program to encompass advanced AI and ML workloads.

Grid Dynamics Earns the AI and Machine Learning on Microsoft Azure Advanced Specialization

Key Takeaways: Grid Dynamics secures the sought-after Analytics on Microsoft Azure Advanced Specialization, reinforcing its status as a Microsoft AI Cloud Partner, and broadening its engagement in the Microsoft Azure Innovate program to encompass enterprise analytics workloads. Grid Dynamics strategically amplifies its value to clients with its broader participation in the Data & AI parts of the Microsoft Azure Innovate program and anticipates these efforts will create larger deal pipelines and reduce time to closure.

Grid Dynamics Earns the Analytics on Microsoft Azure Advanced Specialization

SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (“Grid Dynamics” or the “Company”), a leader in enterprise-level digital transformation services and solutions, today announced that it will ring the Opening Bell at the Nasdaq Stock Market on Friday, November 17, 2023. Leonard Livschitz, Chief Executive Officer of Grid Dynamics, will lead the Opening Bell ceremony alongside other members of the Company's management team. The Opening Bell Ceremony will be broadcast.

Grid Dynamics to Ring Nasdaq Opening Bell on November 17, 2023

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN ) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Bin Jiang - Head of Investor Relations Leonard Livschitz - Chief Executive Officer Anil Doradla - Chief Financial Officer Conference Call Participants Mayank Tandon - Needham & Company Joshua Siegler - Cantor Fitzgerald Bryan Bergin - TD Cowen Maggie Nolan - William Blair Puneet Jain - JPMorgan Bin Jiang Good afternoon, everyone. Welcome to Grid Dynamics Third Quarter 2023 Earnings Conference Call.

Grid Dynamics Holdings, Inc. (GDYN) Q3 2023 Earnings Call Transcript

Grid Dynamics (GDYN) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.15 per share a year ago.

Grid Dynamics (GDYN) Meets Q3 Earnings Estimates

SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (“Grid Dynamics” or “Company”), a leader in enterprise-level digital transformation, today announced results for the third quarter ended September 30, 2023. We are very pleased to report the third quarter 2023 revenue of $77.4 million. Our non-retail industry verticals represented 65.7% of revenue in the third quarter of 2023, a decrease of 0.8% on a sequential basis and 9.0% on a year-over-year basis. Totaling 34.3.

Grid Dynamics Reports Third Quarter 2023 Financial Results

Key Takeaways: The Grid Dynamics GenAI Intelligent Document Processing Starter Kit accelerates the automation of workflows that require information summarization, question answering, compliance validation, and decision - making, all of which enable major productivity boosts and cost savings across a range of industries. The starter kit leverages GenAI technology to automate workflows that are challenging or impossible for traditional intelligent document processing (IDP) and robotic process automation (RPA) methods and products.

Grid Dynamics Releases GenAI Intelligent Document Processing Starter Kit, Enabling Enterprises to Rapidly Create Document Processing Pipelines and Applications

Key Takeaways: The Grid Dynamics Generative AI Product Data Starter Kit solves two pervasive challenges for enterprise companies-creating and maintaining high-fidelity product catalog attribution and crafting engaging product names and descriptions at scale. The Generative AI Product Data Stater kit vastly improves the product attribution process with automated tasks including ingesting, normalizing and harmonizing raw product data, and extracting precise and compelling product attributes from images and existing descriptions.

Grid Dynamics Introduces Generative AI Product Data Starter Kit, Enabling Enterprises to Automate Product Catalog Attribution and Create Compelling Product Names and Descriptions at Scale

SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (“Grid Dynamics” or the “Company”), a leader in enterprise-level digital transformation services and solutions, today provided additional details for the Company's first-ever Analyst & Investor Day on Thursday, November 16, 2023 at Nasdaq MarketSite, 4 Times Square in Midtown Manhattan, New York. From 10:00 a.m. to 2:30 p.m. ET, CEO Leonard Livschitz, CFO Anil Doradla and other members of the Grid Dynamics execu.

Reminder: Grid Dynamics to Host Analyst & Investor Day on November 16th

Key Takeaways: Grid Dynamics secures the sought-after Infra and Database Migration to Microsoft Azure Specialization, deepening its status as a Microsoft AI Cloud Partner and broadening its participation in Microsoft's AMM program. This marks the third new Microsoft Specialization for Grid Dynamics in the past six months.

Grid Dynamics Deepens Partnership with Microsoft by Earning Coveted Specialization in the Azure Migrate and Modernize (AMM) Program

SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics to Announce Third Quarter 2023 Financial Results on November 2nd.

Grid Dynamics to Announce Third Quarter 2023 Financial Results on November 2nd

Key Takeaways: Grid Dynamics releases the third version of its Analytics Platform with advanced features developed specifically for enterprise clients-strengthening its market position in this important domain. The updated Analytics Platform from Grid Dynamics provides components for sharing insights across large organizations, ensuring data trustworthiness and integrity in complex environments, and leveraging state-of-the-art Generative AI capabilities.

Grid Dynamics Releases A Major Update of Its Analytics Platform With LLM-Powered Data Analytics, Advanced Semantic Layer, Data Access and Observability Services

SAN RAMON, CA / ACCESSWIRE / September 5, 2023 / Grid Dynamics Holdings, Inc. (Nasdaq:GDYN) ("Grid Dynamics" or the "Company"), a leader in enterprise-level digital transformation services and solutions, today announced that it will host the Company's first-ever Analyst & Investor Day on Thursday, November 16, 2023 from 10:00 a.m. to 2:30 p.m.

Grid Dynamics to Host Analyst & Investor Day on November 16th

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN ) Q2 2023 Earnings Conference Call August 3, 2023 4:30 PM ET Company Participants Bin Chiang - Head of IR Leonard Livschitz - CEO Anil Doradla - CFO Conference Call Participants Puneet Jain - JPMorgan Josh Siegler - Cantor Fitzgerald Maggie Nolan - William Blair Bryan Bergin - TD Cowen Ryan Potter - Citigroup Mayank Tandon - Needham Bin Chiang Good afternoon, everyone. Welcome to Grid Dynamics Second Quarter 2023 Earnings Conference Call.

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