Grid Dynamics Holdings, Inc. (GDYN) Reports Q1 Loss of $0.09

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Go back to Grid Dynamics Holdings, Inc. (GDYN) Reports Q1 Loss of $0.09

Grid Dynamics Reports First Quarter 2020 Financial Results

May 11, 2020 4:05 PM EDT

First Quarter Revenue of $32.5 million, up 24% year-over-year

SAN RAMON, Calif.--(BUSINESS WIRE)-- Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (Grid Dynamics), a leader in enterprise-level digital transformation, today announced results for the first quarter ended March 31, 2020.

We are pleased to report solid first quarter 2020 financial results, reflected in our strong year-over-year growth of 24%, and we are excited to begin a new chapter as a publicly traded company, said Leonard Livschitz, chief executive officer of Grid Dynamics. The COVID-19 pandemic is an unprecedented crisis with no comparable in... More