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Grid Dynamics Holdings, Inc. - GDYN STOCK NEWS

Welcome to our dedicated page for Grid Dynamics Holdings news (Ticker: GDYN), a resource for investors and traders seeking the latest updates and insights on Grid Dynamics Holdings stock.

Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) is a premier engineering IT services company specializing in transformative, mission-critical cloud solutions tailored for the retail, finance, and technology sectors. Founded in 2006, and headquartered in San Ramon, California, Grid Dynamics boasts a global presence with offices across the US and Eastern Europe. The company is renowned for its expertise in big data analytics, scalable omnichannel services, DevOps, and cloud enablement.

Grid Dynamics is celebrated for architecting some of the busiest e-commerce platforms on the internet with unparalleled reliability, ensuring no outages during peak seasons. Their core business revolves around providing enterprise-level digital transformation services, including omnichannel customer experience, big data, analytics, artificial intelligence, cloud and DevOps, and application modernization. These services are delivered to Fortune 1000 companies, predominantly within the retail sector, generating substantial revenue primarily from North America and Europe.

Recent achievements highlight Grid Dynamics' leadership in digital transformation. A notable collaboration with Yieldmo introduced an advanced machine learning (ML) platform that optimizes ad campaign delivery and performance. This platform leverages high scalability, rapid feature deployment, and low maintenance requirements, underscoring Grid Dynamics' innovative capabilities in the adtech domain.

Additionally, Grid Dynamics has been recognized as an AWS Well-Architected Partner, reflecting their proficiency in constructing secure, high-performing, and efficient infrastructure on AWS. This status enhances their ability to offer robust digital commerce solutions, leveraging advanced data, analytics, and AI to improve customer experiences.

Grid Dynamics' commitment to excellence is reflected in their collaborative engineering culture, where highly skilled engineers and scientists work together to tackle complex problems, driving innovation and quality. Their ongoing projects and strategic partnerships continue to position them as a leader in the digital transformation landscape, fostering growth and competitive advantage for their clients.

For more detailed information, visit www.griddynamics.com.

News

Grid Dynamics Introduces a GenAI-powered Data Migration Starter Kit to Accelerate Large-Scale Data Modernization Programs

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Grid Dynamics introduces a GenAI-powered Data Migration Starter Kit to expedite data modernization projects, offering cost and time savings. The kit supports migration from legacy platforms to cloud solutions like AWS, Google Cloud, and Azure, enhancing the company's solutions portfolio for enterprise clients.
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Grid Dynamics Achieves AWS Well-Architected Partner Status

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Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) achieves AWS Well-Architected Partner Status, enhancing its ability to build secure, high-performing infrastructure for AWS applications. Clients can expect cost savings, faster time to market, improved performance, and reduced security risks.
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Grid Dynamics Reports Fourth Quarter and Full Year 2023 Financial Results

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Grid Dynamics Holdings, Inc. (NASDAQ: GDYN) reported fourth quarter revenue of $78.1 million and full-year revenue of $312.9 million for 2023. The company exceeded its revenue outlook range and achieved growth in various verticals. Despite flat sequential revenue, there was a 0.8% year-over-year increase in total revenue for the full year. Non-GAAP net income was $5.7 million for the fourth quarter, with a total cash flow of $41.1 million for the year. The company expects revenue in the first quarter of 2024 to be between $77 million to $79 million, with a focus on digital transformation and industry diversification.
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Grid Dynamics and Yieldmo Implement a Next-Generation ML Platform Accelerating Time to Market for New ML Models and Improving Performance for Advertisers

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Grid Dynamics and Yieldmo collaborate to launch an advanced ML platform for ad tech optimization, enhancing campaign delivery and performance.
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Grid Dynamics to Announce Fourth Quarter and Full Year 2023 Financial Results on February 22nd

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Grid Dynamics Holdings, Inc. (GDYN) will host a video conference call to discuss its fourth quarter and full year 2023 financial results. The webcast will be available on the Investor Relations section of the Company's website, with a replay accessible with the passcode $Q4@2023.
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Grid Dynamics Earns the AI and Machine Learning on Microsoft Azure Advanced Specialization

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Grid Dynamics has earned the AI and Machine Learning on Microsoft Azure Advanced Specialization from Microsoft, showcasing the company's exceptional technical capabilities in designing, building, deploying, and running cloud-based AI solutions. This milestone expands Grid Dynamics' participation in the Microsoft Azure Innovate for AI Apps program, fostering collaborative growth opportunities. The achievement validates Grid Dynamics' deep knowledge, technical proficiency, and delivery excellence in enabling client adoption of artificial intelligence and machine learning across the entire Azure Data, Analytics, and AI domain. This advanced specialization is only awarded to partners that meet stringent criteria around customer success, staff skilling, and technical certifications, while also passing a third-party audit. Grid Dynamics' focus remains on consistently providing exceptional value to its customers through advanced AI solutions.
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Grid Dynamics Earns the Analytics on Microsoft Azure Advanced Specialization

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Grid Dynamics Holdings, a leader in enterprise-level digital transformation services and solutions, proudly announced it has earned the Analytics on Microsoft Azure Advanced Specialization from Microsoft, showcasing the company's exceptional technical capabilities in designing, building, deploying, and running cloud-based enterprise analytics solutions. The program helps accelerate clients' development and adoption of cloud-based analytics solutions, providing guidance, resources, and funding, and supports the migration and modernization of existing customer data estates. This significant advancement underscores the dynamic and growing alliance between Grid Dynamics and Microsoft, fostering closer collaboration on large-scale, complex cloud analytics platforms leveraging Power BI, Azure's Data and AI Services, and the newly announced Microsoft Fabric solution platform.
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Grid Dynamics to Ring Nasdaq Opening Bell on November 17, 2023

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Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) announced that it will ring the Opening Bell at the Nasdaq Stock Market on November 17, 2023. The Company's CEO, Leonard Livschitz, will lead the ceremony. Additionally, Grid Dynamics will host its first-ever Analyst & Investor Day on November 16, 2023 at the Nasdaq MarketSite.
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Grid Dynamics Reports Third Quarter 2023 Financial Results

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Grid Dynamics Holdings, Inc. reported third quarter 2023 revenue of $77.4 million, with non-retail industry verticals representing 65.7% of revenue. Retail was the largest vertical, accounting for 34.3% of revenue. The Technology, Media and Telecom vertical decreased by 1.5% on a sequential basis. The Finance vertical grew by 8.2% on a sequential basis. The CPG and Manufacturing vertical decreased by 11.1% and 39.8% on a sequential and year-over-year basis, respectively.
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Grid Dynamics Releases GenAI Intelligent Document Processing Starter Kit, Enabling Enterprises to Rapidly Create Document Processing Pipelines and Applications

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Grid Dynamics introduces GenAI Intelligent Document Processing Starter Kit to automate complex workflows and boost productivity. The starter kit enables companies in various industries to summarize information, answer questions, validate compliance, and make decisions. It leverages GenAI technology to automate tasks that traditional IDP and RPA methods cannot handle. This release expands Grid Dynamics' suite of enterprise GenAI solutions and supports the company's growth strategy.
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FAQ

What is the current stock price of Grid Dynamics Holdings (GDYN)?

The current stock price of Grid Dynamics Holdings (GDYN) is $20.53 as of December 24, 2024.

What is the market cap of Grid Dynamics Holdings (GDYN)?

The market cap of Grid Dynamics Holdings (GDYN) is approximately 1.7B.

What does Grid Dynamics Holdings, Inc. specialize in?

Grid Dynamics specializes in transformative cloud solutions for the retail, finance, and technology sectors, including services in big data, analytics, DevOps, and cloud enablement.

When was Grid Dynamics Holdings, Inc. founded?

Grid Dynamics was founded in 2006 and is headquartered in San Ramon, California.

What recent achievements has Grid Dynamics made?

Recently, Grid Dynamics collaborated with Yieldmo to deploy a highly efficient ML platform for optimizing ad campaign delivery. They also achieved AWS Well-Architected Partner Status.

What industries does Grid Dynamics serve?

Grid Dynamics serves multiple industries including retail, finance, technology, media, telecom, and consumer packaged goods (CPG)/manufacturing.

Where does Grid Dynamics generate most of its revenue?

Grid Dynamics generates most of its revenue from the retail sector, primarily from North America and Europe.

What is Grid Dynamics' approach to digital transformation?

Grid Dynamics provides digital transformation consulting and implementation services, focusing on omnichannel customer experience, big data, analytics, AI, cloud & DevOps, and application modernization.

What makes Grid Dynamics engineers unique?

Grid Dynamics' engineers are known for their deep expertise and collaborative culture, where they collectively solve complex problems and drive high-quality innovation.

How does Grid Dynamics ensure the reliability of its e-commerce platforms?

Grid Dynamics architects some of the busiest e-commerce platforms with a track record of zero outages during peak seasons, ensuring high reliability and performance.

How can I learn more about Grid Dynamics' services and solutions?

For more detailed information about Grid Dynamics' services and solutions, you can visit their official website at www.griddynamics.com.

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Grid Dynamics Holdings, Inc.

Nasdaq:GDYN

GDYN Rankings

#2083 Ranked by Market Cap
N/A Ranked by Dividends

GDYN Stock Data

1.71B
63.60M
22.69%
68.81%
2.11%
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