Grid Dynamics Holdings, Inc. (GDYN) Reports In-Line Q1 EPS, Beats on Revenue

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Go back to Grid Dynamics Holdings, Inc. (GDYN) Reports In-Line Q1 EPS, Beats on Revenue

Grid Dynamics Reports First Quarter 2024 Financial Results

May 2, 2024 4:05 PM EDT

Revenue of $79.8 million and GAAP Net Loss of $3.9 million

SAN RAMON, Calif.--(BUSINESS WIRE)-- Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (Grid Dynamics or Company), a leader in enterprise-level digital transformation, today announced results for the first quarter ended March 31, 2024.

We are very pleased to report the first quarter 2024 revenues of $79.8 million that was higher than our outlook range of $77.0 million to $79.0 million that we provided in February 2024. Our Retail and Technology, Media and Telecom (TMT) verticals were the two largest verticals during the first quarter of 2024 with 30.9% and 30.1% of our revenues,... More