Grid Dynamics Reports Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]
Grid Dynamics Holdings, Inc. - Class A (GDYN)
Company Research
Source: Yahoo! Finance
SAN RAMON, Calif., February 22, 2024 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 sequential basis. This was largely due to growth from our existing
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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
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- 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