Grid Dynamics Reports Second Quarter 2020 Financial Results; Guides Third Quarter Sequential Revenue Growth between 10% and 16%

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Go back to Grid Dynamics Reports Second Quarter 2020 Financial Results; Guides Third Quarter Sequential Revenue Growth between 10% and 16%

Grid Dynamics Holdings, Inc. (GDYN) Tops Q2 EPS by 7c on Revenues of $22.4M; Offers 3Q Revenue Outlook

August 6, 2020 5:26 PM EDT

Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) reported Q2 EPS of $0.01, $0.07 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $22.4 million.

We are pleased with our second quarter results and strong execution against our objectives in light of the challenging backdrop. We delivered $22.4 million of revenue in the second quarter, at the high-end of our guidance range, with our non-retail industry verticals generating strong sequential and year-over-year revenue growth... More