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Grid Dynamics Reports Fourth Quarter and Full Year 2024 Financial Results

1. GDYN's Q4 revenue reached $100.3M, beating the guidance range. 2. Fourth quarter performance with year-over-year growth reinforces its AI leadership.

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$20.4802/20 04:26 PM EDTEvent Start
$21.3702/21 10:48 PM EDTLatest Updated
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FAQ

Why Bullish?

The company exceeded its revenue guidance, which typically boosts investor sentiment. Historically, earnings beats have driven immediate price surges in similar tech and digital transformation stocks.

How important is it?

A strong earnings report with revenue exceeding expectations significantly increases investor confidence and affects near-term valuation.

Why Short Term?

Earnings announcements usually trigger immediate market reactions. The Q4 beat can act as a catalyst for short-term price gains.

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ACNIBMMSFT
SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) (“Grid Dynamics” or the “Company”), a leader in enterprise-level artificial intelligence and digital transformation, today announced its results for the fourth quarter and full year ended December 31, 2024. We are pleased to report fourth quarter 2024 revenues of $100.3 million, exceeding our October 2024 outlook range of $95.0 million to $97.0 million. On a year-over-year basis, our fourth quarter revenues grew at.

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