Grid Dynamics Holdings, Inc. (GDYN) stock soared 23.68% in pre-market trading on Friday, February 21, 2025, following the company's impressive fourth-quarter earnings report and strong guidance for the upcoming year.

The technology consulting firm achieved record revenues of $100.3 million in Q4 2024, surpassing its guidance range and achieving a remarkable 28.5% year-over-year growth. Non-GAAP EBITDA also exceeded expectations, reaching $15.6 million. This robust performance was driven by strong demand across customer verticals, with notable growth in the retail, finance, and consumer packaged goods sectors.

Grid Dynamics' strategic focus on artificial intelligence (AI) capabilities and partnerships with major technology companies, particularly hyperscalers, contributed significantly to its success. The company's pipeline of AI opportunities grew by 30% in Q4, reflecting the increasing demand for AI-based solutions across its customer base.

Looking ahead, Grid Dynamics provided bullish guidance for the full year 2025, with expected revenues in the range of $415 million to $435 million, representing growth of 18.4% to 24.1% year-over-year. Analysts lauded the company's strong positioning with "blue chip accounts" and its robust engineering and AI offerings.