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Jun 30, 2021
Grid Dynamics Q2 2021 Earnings Report
Reported record revenue, driven by strong demand and digital transformation initiatives.
Key Takeaways
Grid Dynamics reported record revenue of $47.7 million for Q2 2021, a 21.8% increase sequentially and 113.1% year-over-year. The company saw healthy business momentum across all industry verticals and achieved long-term profitability targets.
Reported highest quarterly revenue in the company’s history.
Revenue of $47.7 million in the second quarter 2021 was up 21.8% on a sequential basis and 113.1% on a year-over-year basis.
Non-retail industry verticals represented 73.3% of revenue and grew 15.4% on a sequential basis and 90.3% on a year-over-year basis.
Added 5 new organic customers during the quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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