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Sep 30, 2022
Grid Dynamics Q3 2022 Earnings Report
Reported record revenue with growth across all verticals year-over-year.
Key Takeaways
Grid Dynamics reported record revenue of $81.2 million for Q3 2022, a 40.1% increase year-over-year. The company exceeded revenue and profitability targets and signed multiple new customers, including two Fortune 30 companies.
Total revenue was $81.2 million, a 40.1% year-over-year increase.
GAAP gross profit was $32.7 million or 40.3% of revenue.
Non-GAAP Net income was $11.0 million, or $0.15 per diluted share.
Total headcount was 3,746 as of September 30, 2022.
Revenue by Segment
Forward Guidance
The Company expects revenue in the fourth quarter of 2022 to be between $77.0 million and $78.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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