Published on 2 Nov 2023 on GuruFocus.com via Yahoo Finance
Grid Dynamics Holdings Inc (GDYN) Reports Q3 2023 Financial Results: Revenue of $77. ...
Grid Dynamics Holdings Inc (NASDAQ:GDYN) reported Q3 2023 revenue of $77.4 million.The company's GAAP net income was $0.7 million.Non-retail industry verticals represented 65.7% of revenue in Q3 2023, a decrease of 0.8% sequentially and 9.0% YoY.GAAP gross profit was $28.2 million or 36.4% of revenue in Q3 2023, compared to $32.7 million or 40.3% of revenue in Q3 2022.
Warning! GuruFocus has detected 2 Warning Sign with GDYN.
On November 2, 2023, Grid Dynamics Holdings Inc (NASDAQ:GDYN) announced its financial results for the third quarter ended September 30, 2023. The company reported a revenue of $77.4 million and a GAAP net income of $0.7 million. The non-retail industry verticals represented 65.7% of the revenue in the third quarter of 2023, marking a decrease of 0.8% on a sequential basis and 9.0% on a year-over-year basis.