GDYN - Grid Dynamics Holdings, Inc. (GDYN) Q4 2024 Earnings Call Transcript
2025-02-20 22:56:05 ET
Grid Dynamics Holdings, Inc. (GDYN)
Q4 2024 Earnings Conference Call
February 20, 2024 04:30 PM ET
Company Participants
Cary Savas - Director, Branding and Communications
Leonard Livschitz - CEO
Anil Doradla - CFO
Yury Gryzlov - COO
Vasily Sizov - SVP, Americas
Conference Call Participants
Puneet Jain - JPMorgan
Mayank Tandon - Needham
Jared Levine - TD Cowen
Jesse Wilson - William Blair
Presentation
Cary Savas
Good afternoon everyone. Welcome to Grid Dynamics' Fourth Quarter and Full Year 2024 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; and COO, Yury Gryzlov; and SVP, Americas, Vasily Sizov. Following the prepared remarks, we will open up the call to your questions. Please note that today’s conference 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.
Grid Dynamics revenue and profitability was the highest in the company's history. And in the fourth quarter, we achieved an important milestone of $100 million revenue. These record-breaking results were fueled by contributions from both new and existing clients.
To put it in perspective, when we went public in early 2020, our annual revenue was in the $100 million range, and we achieved it now just in one quarter. I'm proud of this milestone and I thank our global team for their numerous efforts and unwavering dedication.
Coming to the demand environment. We saw improvements across our customers and industry verticals in the fourth quarter. This has been a consistent pattern for our company over the past several quarters, and we anticipate it will carry forward in 2025....
Grid Dynamics Holdings, Inc. (GDYN) Q4 2024 Earnings Call Transcript