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5. Grid Dynamics Holdings Inc. (NASDAQ:GDYN)

Number of Hedge Fund Followers: 15

Grid Dynamics Holdings Inc. (NASDAQ:GDYN) offers technology consulting, product engineering, and advanced analytics services through a leadership specializing in enterprise AI to assist companies in successfully undergoing business transformation.

On February 20th, the company posted a 14.7% YoY jump in Q4 revenue to $100.3 million, driven by high demand for its services. Non-GAAP net income also increased YoY to $10.3 million or $0.12 per share from $0.10. For the full year 2024, total revenues increased 12% YoY to $350.6 million. Based on these record numbers, Grid Dynamics Holdings Inc. (NASDAQ:GDYN) set revenue guidance between $98 million and $100 million for Q1 2025.

“2025 is off to a great start with increasing demand for our services across our customer base. With this confidence, we are providing full-year 2025 revenue guidance, projecting 20% growth over 2024. To achieve our growth aspirations, we have identified and put into action five key priorities. These include leveraging our strengths in AI and Data, increasing the number of accelerators and technology artifacts, expanding industry diversification, scaling our delivery locations according to our “Follow-the-Sun” model, and deepening our partnerships…Our AI initiatives continue to gain significant traction across our customer base, and during the quarter our pipeline of AI opportunities grew to more than 130, representing a 30% increase from last quarter.”

-said Leonard Livschitz, CEO of Grid Dynamics Holdings Inc.