GDYN - Grid Dynamics Holdings, Inc. (GDYN) Q1 2025 Earnings Call Transcript
2025-05-01 21:38:34 ET
Grid Dynamics Holdings, Inc. (GDYN)
Q1 2025 Earnings Conference Call
May 1, 2025, 4:30 PM ET
Company Participants
Cary Savas - Director, Branding and Communications
Leonard Livschitz - Chief Executive Officer
Anil Doradla - Chief Financial Officer
Eugene Steinberg - Chief Technology Officer
Vasily Sizov - Senior Vice President, Americas
Conference Call Participants
Bryan Bergin - TD Cowen
Puneet Jain - JPMorgan
Mayank Tandon - Needham
Maggie Nolan - William Blair
Presentation
Cary Savas
Good afternoon, everyone. Welcome to Grid Dynamics First Quarter 2025 Earnings Conference Call. I’m Cary Savas, Director of Branding and Communications. At this time, our participants are in listen-only mode. Joining us on the call today are CEO, Leonard Livschitz; CFO, Anil Doradla; CTO, Eugene Steinberg; and SVP, Americas, Vasily Sizov. Following the prepared remarks, we will open the call to your questions. Please note that today’s conference call is being recorded.
Before we begin, I would like to remind everyone that today’s discussion will contain forward-looking statements. This includes our business in a financial outlook and the answers to some of your questions. Such statements are subject to the risks and uncertainty as described in the company’s earnings release and other filings with the SEC.
During this call, we will discuss certain non-GAAP measures of our performance. GAAP to non-GAAP financial reconciliations and supplemental financial information are provided in the earnings press release and the 8-K filed with the SEC. You can find all the information I just described in the Investor Relations section of our website.
I now turn the call over to Leonard, our CEO.
Leonard Livschitz
Thank you, Cary. Good afternoon, everyone, and thank you for joining us today. I’m delighted to share that Grid Dynamics delivered another strong quarter, exceeding our own outlook and Wall Street expectations on revenue and non-GAAP EBITDA. That was our second consecutive quarter of $100 million in quarterly revenue or more. There were many positive trends, several of which I will highlight on the call today.
I’m sure many of you are interested in knowing how the current macro environment is impacting our company. While you are all well aware of the risks and uncertainties with the global economy, in the first quarter, our performance was largely driven by customer-specific trends.
In other words, the patterns in the demand from our customers and the resulting monthly billable headcount shaped the quarter, with the ongoing tariff issues having minimal impact. Our laser focus on technology and engineer excellence continues to ensure our success with our clients.
Furthermore, the $100 million quarterly milestone would not have been possible without the dedication of our global teams. I’m deeply grateful for their outstanding efforts and incredibly proud of what we have achieved together....
Grid Dynamics Holdings, Inc. (GDYN) Q1 2025 Earnings Call Transcript