Grid Dynamics Holdings, Inc. (GDYN) Tops Q3 EPS by 1c, Beats on Revenue; Offers FY24 Revenue Guidance

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Go back to Grid Dynamics Holdings, Inc. (GDYN) Tops Q3 EPS by 1c, Beats on Revenue; Offers FY24 Revenue Guidance

Grid Dynamics Reports Third Quarter 2024 Financial Results

October 31, 2024 4:05 PM EDT

Record Revenues of $87.4 million and GAAP Net Income of $4.3 million

SAN RAMON, Calif.--(BUSINESS WIRE)-- Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (Grid Dynamics or the Company), a leader in enterprise-level digital transformation, today announced results for the third quarter ended September 30, 2024.

We are very pleased to report third quarter 2024 revenues of $87.4 million that was higher than our outlook range of $84.0 million to $86.0 million that we provided in August 2024. Our Retail and Technology, Media and Telecom (TMT) verticals were the two largest verticals during the third quarter of 2024 with 34.1% and 27.7% of our... More