Grid Dynamics Reports Fourth Quarter and Full Year 2023 Financial Results
Grid Dynamics Holdings, Inc. - Class A (GDYN)
Company Research
Source: Business Wire
Fourth Quarter Revenue of $78.1 million and Full Year Revenue of $312.9 million SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) (“Grid Dynamics”, “the Company”), a leader in enterprise-level digital transformation, today announced results for its fourth quarter and full year ended December 31, 2023.We are very pleased to report revenue of $78.1 million in the fourth quarter 2023 that was higher than our outlook range of $76 million to $78 million that we provided in November 2023. For the full year 2023, we achieved revenue of $312.9 million, up from $310.5 million in 2022. In the fourth quarter we continued to diversify our industry mix. Notable highlights included the following. Our Technology, Media and Telecom (“TMT”) vertical, at 31.0% of our fourth quarter revenue, rebounded and grew 1.9% on a sequential basis, driven by our large technology customers. Our Finance vertical, representing 10.6% of our fourth quarter revenue, grew 13.4% on a seque
Show less
Read more
Impact Snapshot
Event Time:
GDYN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GDYN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GDYN alerts
High impacting Grid Dynamics Holdings, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
GDYN
News
- Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) had its price target lowered by analysts at Citigroup Inc. from $17.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
- Grid Dynamics to Announce First Quarter 2024 Financial Results on May 2nd [Yahoo! Finance]Yahoo! Finance
- Grid Dynamics to Announce First Quarter 2024 Financial Results on May 2ndBusiness Wire
- Grid Dynamics Holdings, Inc.'s (NASDAQ:GDYN) Intrinsic Value Is Potentially 31% Above Its Share Price [Yahoo! Finance]Yahoo! Finance
- Grid Dynamics Appoints Industry Veteran Rahul Shah to Lead Business Expansion in India [Yahoo! Finance]Yahoo! Finance
GDYN
Earnings
- 2/22/24 - Miss
GDYN
Sec Filings
- 4/24/24 - Form 4
- 4/23/24 - Form 144
- 4/11/24 - Form 4
- GDYN's page on the SEC website