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SAN RAMON, Calif. - Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) saw its stock surge 16.6% in aftermarket trading Thursday after the company reported fourth quarter earnings that beat analyst expectations and provided an optimistic outlook for 2025.
The enterprise AI and digital transformation company posted adjusted earnings per share of $0.12 for Q4, surpassing the consensus estimate of $0.10. Revenue came in at $100.3 million, exceeding analyst projections of $96.1 million and marking a 28.5% increase YoY.
"Grid Dynamics’ revenues and profitability were the highest in the Company’s history, with the fourth quarter marking a significant milestone of $100 million in revenues," said CEO Leonard Livschitz.
For the first quarter of 2025, Grid Dynamics expects revenue between $98 million and $100 million, above the $95 million consensus. The company also provided full-year 2025 revenue guidance of $415 million to $435 million, topping analyst estimates of $409 million.
The strong results were driven by increased demand across various industry verticals. The Finance vertical saw particularly robust growth, expanding 63.8% sequentially and 180.1% YoY.
Grid Dynamics highlighted the success of its AI initiatives, noting that its pipeline of AI opportunities grew over 30% from the previous quarter to more than 130 projects.
"2025 is off to a great start with increasing demand for our services across our customer base," Livschitz added, expressing confidence in the company’s growth trajectory.
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