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Dec 31, 2020
Grid Dynamics Q4 2020 Earnings Report
Grid Dynamics reported Q4 2020 results, with revenue of $30.1 million.
Key Takeaways
Grid Dynamics announced positive Q4 results, delivering $30.1 million in revenue. Organic revenue grew 11% sequentially, exceeding prior guidance. The company added 5 new logos and saw growth in non-retail industry verticals.
Q4 revenue reached $30.1 million.
Organic revenue grew 11% sequentially.
Non-retail industry verticals represented 74% of revenue and grew 11% sequentially.
Technology, Media and Telecom vertical represented 35% of revenue and grew 21% year over year.
Forward Guidance
The first two months of 2021 are trending in the right direction, leading to confidence in the Q1 outlook and momentum toward expansion beyond pre-COVID levels in the near future.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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