Grid Dynamics (GDYN) Q2 Revenue Up 22%
Grid Dynamics (NASDAQ:GDYN), a digital engineering and consulting firm, reported its second quarter fiscal 2025 earnings on July 31, 2025. The main news was a GAAP revenue increase to $101.1 million compared to Q2 2024, beating analyst expectations of $100.72 million and slightly exceeding its own midpoint guidance. Non-GAAP earnings per share came in at $0.10, topping the consensus estimate by $0.01. Operating results showed rapid growth in AI and Finance services, with the AI and Data practice accounting for 23% of total organic revenue and Finance revenues doubling year-over-year for the fourth consecutive quarter, gross margin (GAAP) narrowed to 34.1% of revenues from 35.6% in Q2 2024 and operating expenses climbed, reflecting expanded investment in research and global operations. Overall, the quarter highlighted both strong top-line growth and cost pressures as the business scales.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Grid Dynamics specializes in digital transformation, software engineering, and technology consulting services for global enterprises. Its expertise helps companies modernize their IT systems and develop AI-based solutions to improve business operations.
Source Fool.com
