Grid Dynamics Reports Third Quarter 2024 Financial Results
Grid Dynamics Holdings, Inc. - Class A (GDYN)
Company Research
Source: Business Wire
Record Revenues of $87.4 million and GAAP Net Income of $4.3 million SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (“Grid Dynamics” or the “Company”), a leader in enterprise-level digital transformation, today announced results for the third quarter ended September 30, 2024.We are very pleased to report third quarter 2024 revenues of $87.4 million that was higher than our outlook range of $84.0 million to $86.0 million that we provided in August 2024. Our Retail and Technology, Media and Telecom (“TMT”) verticals were the two largest verticals during the third quarter of 2024 with 34.1% and 27.7% of our revenues, respectively. Our Finance vertical, representing 16.2% of our third quarter revenues, grew 12.7% on a sequential basis and 94.0% on a year-over-year basis. Strength in the Financial vertical came from our finance technology and insurance customers. Our CPG and Manufacturing vertical, representing 11.2% of our third quarter revenues, remain
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Earnings
- 10/31/24 - Beat
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Sec Filings
- 11/22/24 - Form 144
- 11/21/24 - Form 144
- 11/20/24 - Form 4
- GDYN's page on the SEC website