Grid Dynamics Holdings, Inc. (GDYN) stock soared over 20% in pre-market trading on Friday, following the company's impressive fourth-quarter earnings report and strong guidance for 2025.
The technology consulting firm reported record revenues of $100.3 million in Q4 2024, exceeding its guidance range and achieving a remarkable 28.5% year-over-year growth. Non-GAAP EBITDA also exceeded expectations, reaching $15.6 million.
Grid Dynamics' robust performance was driven by strong demand across customer verticals, with notable growth in the retail, finance, and consumer packaged goods sectors. The company's strategic focus on artificial intelligence (AI) capabilities and partnerships with major technology companies, particularly hyperscalers, contributed significantly to its success.
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