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Sep 30, 2021
Grid Dynamics Q3 2021 Earnings Report
Reported record revenue, driven by growth across all verticals and strategic acquisitions.
Key Takeaways
Grid Dynamics reported a record revenue of $57.9 million for Q3 2021, representing a 21.5% sequential increase and a 120.0% year-over-year increase. The company experienced growth across all verticals and exceeded profitability targets.
Reported record revenue in Q3 2021.
Witnessed growth across all verticals.
Worked in close partnerships with major Cloud Providers.
Introduced an autonomous cross-functional POD engagement model at customers.
Forward Guidance
Grid Dynamics is not able, at this time, to provide GAAP targets for net income for the fourth quarter of 2021 because of the difficulty of estimating certain items excluded from Non-GAAP EBITDA that cannot be reasonably predicted, such as interest, taxes, other income, fair-value adjustments, and charges related to stock-based compensation expense.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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