Grid Dynamics Hldgs Inc Stock Price, News & Analysis

Grid Dynamics has been recognized as the Google Cloud Expertise Partner of the Month for November 2021. This accolade highlights the company's advanced expertise in delivering solutions powered by Google Cloud to digital natives and growth-oriented enterprises. Grid Dynamics boasts nearly a dozen expertise designations across various areas, including application development and cloud migration. The recognition underscores their commitment to customer experience and business optimization, affirming their status as a trusted partner for companies looking to leverage cloud technologies.

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) announced that its subsidiary, Tacit Knowledge, facilitated significant sales growth for clients during Black Friday 2021. The consultancy assisted brands like Beaverbrooks and ghd in enhancing platform readiness to manage increased traffic. Preparations began in July 2021, focusing on load testing and real-time monitoring. The outcome was a record Black Friday, with both clients reporting double-digit online sales growth and no technical issues during peak trading.

Victoria Livschitz, CEO of Grid Dynamics (GDYN), has donated her $30,000 winnings from the World Series of Poker to charities. She participated in six events, achieving a first-place finish in the $400 WSOP Daily Deepstack. Livschitz, a former chess champion and Silicon Valley entrepreneur, aims to use future poker earnings for philanthropic causes. The donations support the Glacier Institute and Flathead Valley Ski Education Foundation, emphasizing her commitment to sustainability and education.

Grid Dynamics reported record revenue of $57.9 million for Q3 2021, marking a 21.5% increase sequentially and a 120.0% rise year-over-year. Excluding revenue from acquisitions, organic revenue stood at $44.1 million, up 14.8% sequentially. The company saw growth across all verticals, with non-retail industries contributing 68.5% of revenue. Notably, the Retail vertical surged by 198.2% year-over-year. Despite a net loss of $(0.5) million, non-GAAP net income reached $7.9 million. Q4 2021 revenue is expected between $58.0 million and $59.0 million.

Grid Dynamics has achieved Google Cloud Premier Partner status, designating it among the top 3% of partners globally. This status allows Grid Dynamics to assist Google Cloud customers with advanced cloud-native solutions, enhancing their business capabilities.

With a team of certified engineers, Grid Dynamics focuses on delivering data analytics, machine learning, and cloud migration services. This partnership aims to leverage Google Cloud's capabilities to provide superior service to enterprise clients worldwide.

Grid Dynamics (NASDAQ:GDYN) has partnered with healthtech startup selfologi to launch a groundbreaking online platform for cosmetic consumers. This platform offers access to trusted information about aesthetic procedures and allows users to book treatments. With over $2.2 billion in annual cosmetic treatment demand in the Middle East and over a million related Google searches each month, this initiative aims to modernize the predominantly offline booking system. The platform is built on a Composable Commerce architecture, enhancing flexibility and speed to market.

Grid Dynamics (GDYN) announces a partnership with healthtech startup selfologi to create an innovative online platform for cosmetic consumers. This platform will allow users to access reliable information on cosmetic procedures, explore local offerings, and book treatments directly. The integration of a Composable Commerce IT architecture provides selfologi with flexibility and speed, essential for meeting consumer needs in a rapidly evolving market. The partnership aims to capture the growing demand in the cosmetic treatments sector, currently valued at over $2.2 billion USD annually in the Middle East.

Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) will host a conference call on November 4, 2021 at 4:30 p.m. ET to discuss its Q3 2021 financial results. A press release detailing these results will be issued prior to the call. Interested parties can access the call via the company's investor relations website or by phone. A replay will be available post-call until November 18, 2021, providing further insights into the company's performance.