Grid Dynamics Holdings (GDYN) PT Raised to $45 at Needham & Company

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Grid Dynamics Reports Third Quarter 2021 Financial Results

November 4, 2021 4:05 PM EDT

Record Revenue of $57.9 million, up 21.5% sequentially and 120.0% 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 third quarter ended September 30, 2021.

We are very pleased to report another record quarter of revenue in the companys history. Our revenue of $57.9 million in the third quarter 2021 was up 21.5% on a sequential basis and 120.0% on a year-over-year basis. During the third quarter we witnessed growth across all our verticals. After factoring out revenues of... More