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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Fourth Quarter Revenue of $80.6 million and Full Year Revenue of $310.5 million SAN RAMON, CA / ACCESSWIRE / February 23, 2023 / 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, 2022. We are pleased to report revenue of $80.6 million in the fourth quarter 2022 that exceeded our outlook of $77 million to $78 million that we provided in November 2022.

Grid Dynamics Reports Fourth Quarter and Full Year 2022 Financial Results

Grid Dynamics (GDYN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Grid Dynamics (GDYN) Earnings Expected to Grow: Should You Buy?

Key Takeaways: Grid Dynamics Mexico has been accredited as Best Place to Code for the 8th consecutive year. Earning the Best Place to Code helps Grid Dynamics attract and retain top technical talent in the burgeoning and highly competitive Mexico market.

Grid Dynamics Mexico Recognized as Best Place to Code for the 8th Consecutive Year

Grid Dynamics (GDYN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Grid Dynamics (GDYN) is Poised to Beat Earnings Estimates Again

SAN RAMON, CA / ACCESSWIRE / January 26, 2022 / 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 23, 2022 to discuss its fourth quarter and full year 2022 financial results.

Grid Dynamics to Announce Fourth Quarter and Full Year 2022 Financial Results on February 23th

More enterprises are undergoing digital transformations. GDYN gives investors a pure-play exposure to the digital transformation TAM.

Grid Dynamics: Pure-Play Exposure In Digital Transformation

Grid Dynamics (GDYN) acquires Mutual Mobile to expand operations in the India market and address digitization megatrends.

Grid Dynamics (GDYN) Acquires Mutual Mobile to Broaden Portfolio

Key Takeaways: The acquisition will enhance Grid Dynamics' digital transformation portfolio to meet the rapidly growing demand to design and develop next-generation digital experiences for global brands. Mutual Mobile, with its several decades of experience bringing technical innovation to Fortune 500 clients, and access to a highly-skilled Indian talent pool, brings digital experiences to life for global brands through an integrated approach to design and technology with deep understanding of mobile, Internet-of-Things and virtual, augmented, and mixed reality environments.

Grid Dynamics Acquires Mutual Mobile to Deepen Expertise in Experience Design, Mixed Reality, and Cloud Edge for Global Brands

Key Takeaways: Grid Dynamics' new Pricing and Promotion Optimization Starter Kit helps companies optimize pricing and promotions. It is part of Grid Dynamics' ongoing work as a Microsoft Partner.

Grid Dynamics Introduces Pricing and Promotion Optimization Starter Kit on Microsoft Azure

Key Takeaways: Grid Dynamics opens an office in Hyderabad, India, a hotbed of top-tier engineering talent and a robust business center for hyperscale technology providers and financial services companies. Hyderabad is a critical growth center with a high concentration of skilled talent from a strong network of globally renowned, top-tier engineering and management schools.

Grid Dynamics Inaugurates its First Engineering Center in Hyderabad, Reinforcing the Company's Commitment to Accelerating Global Growth and Development

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN ) Q3 2022 Earnings Conference Call November 3, 2022 4:30 PM ET Company Participants Bin Chiang - Head, Investor Relations Leonard Livschitz - Chief Executive Officer Anil Doradla - Chief Financial Officer Conference Call Participants Josh Siegler - Cantor Fitzgerald Ryan Potter - Citi Maggie Nolan - William Blair Puneet Jain - JPMorgan Bryan Bergin - Cowen Mayank Tandon - Needham Bin Chiang Good afternoon everyone. Welcome to Grid Dynamics Third Quarter 2022 Earnings Conference Call.

Grid Dynamics Holdings, Inc. (GDYN) Q3 2022 Earnings Call Transcript

Grid Dynamics (GDYN) delivered earnings and revenue surprises of 25% and 2.97%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Grid Dynamics (GDYN) Tops Q3 Earnings and Revenue Estimates

Record Revenue of $81.2 million, up 4.9% sequentially and 40.1% year-over-year SAN RAMON, CA / ACCESSWIRE / November 3, 2022 / Grid Dynamics Holdings, Inc. (Nasdaq:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation, today announced results for the third quarter ended September 30, 2022. We are very pleased to report another record quarter of revenue in the company's history.

Grid Dynamics Reports Third Quarter 2022 Financial Results

Key Takeaways: Grid Dynamics received the AWS Service Delivery Designation for its capabilities in helping customers architect, deploy, and operate containerized workloads on top of Amazon Kubernetes. The company was also named an inaugural AWS Service Delivery designation recipient for Amazon EKS, given its deep AWS experience and delivery solutions that help customers manage, deliver, and optimize containerized workloads with Amazon EKS.

Grid Dynamics Achieves the AWS Service Delivery Designation for Amazon EKS as an Inaugural Recipient

Key Takeaways: Grid Dynamics' new Churn Analytics Starter Kit underscores the company's expertise in churn analytics and proficiency in solving applied use cases using Google Vertex AI. The digital consulting company is offering the new Churn Analytics Starter Kit as part of its growing suite of pre-packaged accelerators designed to help customers reduce costs and improve operational and development efficiencies.

Grid Dynamics Helps Companies Reduce Customer Churn with New Churn Analytics Starter Kit for Google Vertex AI

Key Takeaways: Grid Dynamics is offering the new Industrial IoT (IIoT) Analytics Starter Kit to expand its suite of pre-packaged accelerators designed to help customers reduce costs and improve application development efficiencies. Grid Dynamics' new IIoT Analytics Starter Kit further demonstrates the company's expertise in solving applied use cases using Google Vertex AI and its prowess in Smart Manufacturing.

Grid Dynamics Releases New Industrial IoT Analytics Starter Kit for Google Vertex AI

SAN RAMON, CA / ACCESSWIRE / October 13, 2022 / 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, November 3, 2022 to discuss its third quarter 2022 financial results.

Grid Dynamics to Announce Third Quarter 2022 Financial Results on November 3th

Key Takeaways: The new Modern Application Development practice reinforces Grid Dynamics' integrated approach to building secure, cloud-native, and microservices-driven intelligent digital enterprise platforms. With deep experience in building customized digital platforms for the Fortune 1000, Grid Dynamics is expanding its offerings to embrace the cloud, cybersecurity, and automation paradigm as a foundation for Modern Application Development.

Grid Dynamics Expands Its Cloud and Cybersecurity Offerings; Appoints Chuck Tsocanos Vice President, Modern Application Development Practice

Key Takeaways: Grid Dynamics delivers a cloud migration starter kit that reduces time and costs for companies moving from on-premises Pivotal Cloud Foundry (now called VMware Tanzu) to managed Azure Kubernetes Service The new starter kit combines Grid Dynamics' microservices platform experience with Azure to provide a reliable and scalable foundation and accelerate infrastructure provisioning Companies that leverage the starter kit can build a high-quality, production-ready, enterprise-grade microservices platform more quickly, accelerating the time to market of new products SAN RAMON, CA / ACCESSWIRE / September 19, 2022 / Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leader in enterprise-level digital transformation services and solutions, announced today that it has released a new starter kit to facilitate enterprise migration from Pivotal Cloud Foundry (now called VMware Tanzu) to Microsoft's Azure Kubernetes Service (Azure AKS). The new Migration Starter Kit combines Grid Dynamics' custom microservices platform experience with Azure AKS cloud migration expertise to simplify the transition of existing Pivotal Cloud Foundry (PCF) microservices workloads without the added time and expense needed for backend infrastructure work.

Grid Dynamics Introduces New Starter Kit to Accelerate Enterprise Cloud Migration from Pivotal Cloud Foundry to Microsoft Azure

Grid Dynamics is now down over 50% from its all-time high amid the broad market sell off. The technology consulting company is benefiting significantly from the tailwind of digital transformation.

Grid Dynamics: Riding The Digital Transformation Wave

SAN RAMON, CA / ACCESSWIRE / August 29, 2022 / Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (Grid Dynamics), a leader in enterprise-level digital transformation services and solutions, announced today the expansion of Grid Dynamics Poland as part of its ongoing global expansion efforts. This is the company's fourth location in the region after Krakow, Wroclaw, and Gdansk.

Grid Dynamics Expands Operations in Poland with Opening of New Warsaw Location

Key Takeaways: Knowde turned to Grid Dynamics' consulting experts to develop an advanced semantic search for its chemicals B2B digital marketplace, given the company's leadership and expertise in designing high-end, domain-specific bespoke search implementations. The Knowde marketplace features an extensive online catalog of chemicals, ingredients, and polymers, comprising more than 160,000 products, 4,000 formulations, and 250,000 documents.

Knowde Chooses Grid Dynamics to Build a Modernized, Best-in-Class Search Engine for the Chemical Industry

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN ) Q2 2022 Earnings Conference Call August 4, 2022 4:30 PM ET Company Participants Bin Chiang - Head, Investor Relations Leonard Livschitz - CEO & Director Anil Doradla - CFO & Secretary Conference Call Participants Puneet Jain - JP Morgan Mayank Tandon - Needham Maggy Nolan - William Blair Bryan Bergin - Cowen Ryan Potter - Citibank Joshua Siegler - Cantor Fitzgerald Bin Chiang Good afternoon, everyone. Welcome to Grid Dynamics Second Quarter 2022 Earnings Conference Call.

Grid Dynamics Holdings, Inc. (GDYN) CEO Leonard Livschitz on Q2 2022 Results - Earnings Call Transcript

Grid Dynamics (GDYN) delivered earnings and revenue surprises of 33.33% and 5.75%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Grid Dynamics (GDYN) Q2 Earnings and Revenues Surpass Estimates

Record Revenue of $77.3 million, up 8.3% sequentially and 62.2% year-over-year SAN RAMON, CA / ACCESSWIRE / August 4, 2022 / Grid Dynamics Holdings, Inc. (Nasdaq:GDYN) ("Grid Dynamics"), a leader in enterprise-level digital transformation, today announced results for the second quarter ended June 30, 2022. We are very pleased to report another record quarter of revenue in the company's history.

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