Grid Dynamics Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 04:44 pm EDT
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Grid Dynamics Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 77.42 million compared to USD 81.16 million a year ago. Net income was USD 0.676 million compared to net loss of USD 6.66 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.1 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to diluted loss per share from continuing operations of USD 0.1 a year ago.
For the nine months, sales was USD 234.84 million compared to USD 229.91 million a year ago. Net loss was USD 4.67 million compared to USD 22.51 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.33 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to USD 0.33 a year ago.
Grid Dynamics Holdings, Inc. is a provider of technology consulting, platform and product engineering, and advanced analytics services. The Companyâs cloud platform and product engineering practice provides services that enable businesses to harness the power of cloud computing and modern application development methodologies. It is specializes in architecting, designing, and building scalable, secure, and resilient cloud-based platforms and business applications that power digital transformation and business. The Companyâs digital engagement practice focuses on creating meaningful interactions between businesses and their customers through all digital channels. It delivers tailored solutions in several key industry verticals: Tech, Media, and Telecom(TMT), Retail, Consumer Packaged Goods (CPG)/Manufacturing, and Finance. The Companyâs service delivery model involves using an efficient mix of on-site, off-site and offshore staffing.
GRID DYNAMICS HOLDINGS, INC. 
