Grid Dynamics Holdings, Inc. announced its financial results for the first quarter ended March 31, 2025. The company reported revenues of $100.4 million, marking a 25.8% increase year-over-year and surpassing Wall Street's revenue expectations.
The GAAP net income for the quarter was $2.9 million, resulting in $0.03 per diluted share, while adjusted earnings reached $0.11 per share, exceeding analysts' consensus estimates. This performance highlights the company's continued success in its digital transformation and AI services.
Grid Dynamics maintained its full-year 2025 revenue guidance in the range of $415 million to $435 million, signaling confidence in its strategic direction. For the second quarter of 2025, the company expects revenues to be between $100.0 million and $102.0 million.
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