Grid Dynamics Holdings (NASDAQ:GDYN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$87.4m (up 13% from 3Q 2023).

• Net income: US$4.28m (up by US$3.61m from 3Q 2023).

• Profit margin: 4.9% (up from 0.9% in 3Q 2023).

• EPS: US$0.056 (up from US$0.009 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Grid Dynamics Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 42%.

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Grid Dynamics Holdings that you should be aware of before investing here.

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