Record Revenue Performance
Grid Dynamics exceeded Wall Street expectations with over $100 million in revenue for the second consecutive quarter, marking a 25.8% year-over-year growth.
Successful Acquisitions
Acquisitions like Argentina-based Mobile Computing and UK-based JUXT are performing well, enhancing capabilities in AI and financial services.
Growth in Financial Sector
Finance became the second-largest vertical with a 144.3% year-over-year growth, driven by acquisitions and strong performance in Fintech and Insurance.
AI Initiatives Gaining Traction
AI initiatives are moving from proof-of-concept to enterprise-scale implementations, focusing on AI-based search solutions, Agentic AI platform, and productivity tools.
Strong Global Talent Expansion
Grid Dynamics expanded its headcount to 4,926, reflecting strategic growth in key regions like India and Latin America.