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Grid Dynamics Holdings (GDYN)
NASDAQ:GDYN
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.1Last Year’s EPS
$0.07Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 28.77%
|Next Earnings Date:Feb 27, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong quarter for Grid Dynamics with record revenue, successful acquisitions, and significant growth in AI initiatives and the finance vertical. However, there are challenges with a decline in the healthcare and pharma vertical, a reduction in the overall customer base, and a decrease in cash reserves.Company Guidance
During Grid Dynamics' Q3 2024 earnings call, several key metrics were highlighted that underscored the company's robust performance and positive outlook. The company reported record revenue of $87.4 million, surpassing the guidance range of $84 million to $86 million, and achieved a non-GAAP EBITDA of $14.8 million, exceeding the anticipated range of $12.3 million to $13.3 million. Revenue from strategic partnerships contributed 18% to the total revenue. The headcount increased to 4,298, with significant growth in India, which became one of the top two countries by headcount. In terms of vertical performance, the retail sector accounted for 34.1% of revenues, growing 11.4% sequentially, while the finance vertical saw a significant year-over-year increase of 94%, making up 16.2% of the total revenue. For Q4 2024, the company projected revenues between $95 million to $97 million, with recent acquisitions expected to contribute 10% of the total revenue. The positive demand environment and strong performance in AI initiatives were anticipated to drive continued growth into 2025.Record-Breaking Revenue and Growth
Grid Dynamics reported record revenue of $87.4 million, exceeding guidance and marking the highest in the company's history. Non-GAAP EBITDA also exceeded expectations at $14.8 million.
Successful Acquisitions
The acquisition of Argentina-based Mobile Computing and U.K.-based JUXT enhances capabilities and is expected to generate scalable synergies from the fourth quarter.
Strong AI Initiatives
Expanded AI portfolio with over 30 service offerings, targeting Fortune 500 companies. AI pipeline grew by 50% from the last quarter.
New Logos and Partnerships
Signed 6 new logos, including a global food product and hospitality distribution company, and expanded partnerships contributing 18% of total revenue.
Positive Vertical Growth
Finance vertical grew by 12.7% sequentially and 94% year-over-year, with finance now representing 16.2% of total revenue.
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GDYN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GDYN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $15.92 | $15.24 | -4.27% |
| Aug 01, 2024 | $12.25 | $13.84 | +12.98% |
| May 02, 2024 | $9.84 | $10.07 | +2.34% |
| Feb 22, 2024 | $13.73 | $14.17 | +3.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Grid Dynamics Holdings (GDYN) report earnings?
Grid Dynamics Holdings (GDYN) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Grid Dynamics Holdings (GDYN) earnings time?
Grid Dynamics Holdings (GDYN) earnings time is at Feb 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GDYN EPS forecast?
GDYN EPS forecast for the fiscal quarter 2024 (Q4) is $0.1.
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