Welcome to our dedicated page for Grid Dynamics Hldgs news (Ticker: GDYN), a resource for investors and traders seeking the latest updates and insights on Grid Dynamics Hldgs stock.
Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) is a technology consulting and digital services company focused on enterprise-level AI, platform and product engineering, and digital engagement services. The GDYN news page on Stock Titan aggregates company announcements, press releases, and market-moving updates so readers can follow how Grid Dynamics executes on its AI and digital transformation strategy.
Recent news highlights include multi-year strategic collaboration agreements, such as the company’s expanded relationship with Amazon Web Services (AWS) through the AWS Data Foundations for Generative AI Program. These updates describe how Grid Dynamics combines AWS cloud-native data and AI services with its expertise in data engineering, analytics, and AI/ML to help enterprises move from generative AI experimentation to production.
Investors and analysts can also track quarterly earnings releases and related commentary, where Grid Dynamics reports record revenues, discusses the performance of its key verticals like retail, technology, media and telecom (TMT), finance, CPG and manufacturing, and outlines trends in AI-related revenue. These articles often describe demand patterns from fintech and large technology customers, as well as contributions from acquisitions.
Beyond financial results, GDYN news covers product and platform announcements, including the launch of the Temporal Agentic AI Platform with Temporal Technologies, AI-powered engagement models for software development based on the GAIN Development Framework, and robotics and smart manufacturing initiatives such as TPGen and AI-driven robotic inspection solutions developed with partners like Wandelbots and SmartRay.
Visitors to the GDYN news page can expect coverage of strategic partnerships, AI platform launches, robotics solutions, financial performance updates, and corporate actions such as share repurchase authorizations. This makes the page a useful resource for understanding how Grid Dynamics evolves its enterprise AI and digital services offerings over time.
Grid Dynamics Holdings (Nasdaq: GDYN) has scheduled its fourth quarter and full year 2024 financial results announcement for February 20, 2025. The company will host a video conference call at 4:30 p.m. ET to discuss the results. The earnings press release will be published on the company's website before the call. Investors can access both the live webcast and replay of the video conference call through the company's Investor Relations website section.
Grid Dynamics Holdings (NASDAQ: GDYN) is set to join the S&P SmallCap 600 index, replacing Revelyst (NYSE: GEAR) effective prior to market opening on January 2, 2025. The change comes as Strategic Value Partners is acquiring Revelyst, with the deal expected to close soon pending final conditions. Grid Dynamics will be classified under the Information Technology sector in the index, while Revelyst, currently listed under Consumer Discretionary, will be removed.
Grid Dynamics (NASDAQ: GDYN) has launched a new developer portal designed to streamline the software development lifecycle. The self-service system provides a unified interface for managing software components, environments, and provisioning templates, centralizing access to various development tools and processes.
The portal addresses the challenge of increased complexity in development teams by acting as a control center, offering capabilities such as environment management, software component and API management, provisioning and deployment tools, and automatic environment checks with resource optimization recommendations. According to Ilya Katsov, VP of Technology, the solution provides a modular and customizable framework that enables companies to build custom self-service portals efficiently and at a low cost.
Grid Dynamics (NASDAQ: GDYN) has launched its Composable Commerce Starter Kit on Microsoft Azure, offering a rapid solution for businesses transitioning from legacy systems to modern digital commerce capabilities. The starter kit, which can be deployed within months, features a MACH-compliant architecture (Microservices, API-first, Cloud-native, and Headless) centered on commercetools' platform. It includes pre-built connectors for third-party vendors providing various commerce functionalities like retail search, content management, and payment systems. The solution enables both B2C and B2B businesses to create flexible, customized digital platforms while leveraging Azure's AI technologies.
Grid Dynamics Holdings (NASDAQ:GDYN) has announced the pricing of its public offering of 5,750,000 shares of common stock at $17.25 per share. The company expects to raise approximately $93.4 million in net proceeds, which will be used for working capital, capital expenditures, and general corporate purposes including acquisitions. The offering is expected to close on November 14, 2024. Grid Dynamics has granted underwriters a 30-day option to purchase up to 862,500 additional shares. J.P. Morgan Securities, William Blair & Company, and TD Cowen are acting as joint book-running managers, with Needham & Company as co-manager.
Grid Dynamics Holdings (NASDAQ:GDYN), a technology consulting and engineering services company, has announced a proposed public offering of 5,000,000 shares of its common stock. The company plans to grant underwriters a 30-day option to purchase up to 750,000 additional shares. J.P. Morgan Securities, William Blair & Company, and TD Cowen will serve as joint book-running managers, with Needham & Company acting as co-manager. The offering will be made through an automatic shelf registration statement on Form S-3.
Grid Dynamics (GDYN) reported record Q3 2024 revenues of $87.4 million, exceeding their guidance of $84.0-86.0 million. The company achieved GAAP net income of $4.3 million ($0.05 per share). Retail and TMT were the largest verticals at 34.1% and 27.7% of revenues respectively, while Finance vertical grew 94.0% year-over-year. The company's AI initiatives pipeline grew 50% from last quarter to over 100 opportunities. For Q4 2024, Grid Dynamics expects revenues between $95.0-97.0 million and Non-GAAP EBITDA of $13.5-15.5 million.
Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) has acquired Mobile Computing S.A., a software development services provider based in Buenos Aires, Argentina. This strategic move enhances Grid Dynamics' delivery capabilities in the Americas and strengthens its follow-the-sun delivery model. Mobile Computing, founded in 1998, is known for its expertise in digital transformation, particularly in the manufacturing, CPG, and financial services industries.
The acquisition brings several benefits to Grid Dynamics, including:
- Expanded client portfolio with blue-chip companies
- Enhanced capabilities in application development and UI/UX services
- A skilled team with a reputation for delivery excellence
- Support for Grid Dynamics' GigaCube growth strategy
This move aligns with Grid Dynamics' commitment to providing engineering excellence for its global enterprise clients and expands its service offerings in the Americas.
Grid Dynamics Holdings, Inc. (Nasdaq: GDYN), a leader in enterprise-level digital transformation services and solutions, has announced its upcoming third quarter 2024 financial results release. The company will host a video conference call on Thursday, October 31, 2024, at 4:30 p.m. ET to discuss these results.
Investors and interested parties can access the webcast of the video conference call on the Investor Relations section of Grid Dynamics' website at https://www.griddynamics.com/investors. The passcode for the call is $Q3@2024. A press release containing the financial results will be available on the company's website prior to the call. Additionally, a replay of the video conference will be made available on the same Investor Relations webpage after the event.
Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) has announced its acquisition of JUXT, a UK-based provider of software engineering services specializing in data-intensive information systems for banking and financial institutions. This strategic move expands Grid Dynamics' global footprint and strengthens its expertise in the financial services sector, particularly within the European market.
JUXT, founded in 2013, is known for delivering complex end-to-end solutions, focusing on risk platforms, structured notes, equity derivatives, and financial reporting. The acquisition aligns with Grid Dynamics' GigaCube growth strategy, enhancing its ability to serve enterprise clients in the financial services industry with reliable, scalable, and future-proof data solutions.
Leonard Livschitz, CEO of Grid Dynamics, emphasized that the acquisition accelerates their growth in the financial services industry and brings valuable experience in designing and implementing data-driven infrastructures for major banks and enterprises.