Grid Dynamics(US:GDYN)2025-05-01 20:45Company Overview - Grid Dynamics is a technology consulting, platform & product engineering, AI, and digital engagement services provider for Fortune 1000 corporations[8] - The company has a global presence with 4,900 employees across 19 countries[6] - The company's Q1 2025 revenue was $100.4 million, with expectations of $100.0 million to $102.0 million for Q2 2025[11] - The company's Q1 2025 GAAP EPS was $0.03, and non-GAAP EPS was $0.11[11] Financial Performance - Q1 2025 revenues reached $100.4 million, marking a 25.8% year-over-year increase[65] - GAAP gross profit for Q1 2025 was $37.0 million, representing 36.8% of revenues[65] - Non-GAAP gross profit for Q1 2025 was $37.6 million, or 37.4% of revenues[65] - Non-GAAP EBITDA for Q1 2025 was $14.6 million, which is 14.5% of revenue[65] Strategic Initiatives - The company employs an "85-10-5" approach to revenue growth, emphasizing organic growth from mature clients (85%), emerging clients (10%), and new logos (5%)[44] - Partner influenced revenues increased from less than 1% to 18% over the past 3 years[48] - The company aims to reach $1 billion in annual revenue through its GigaCube strategic initiative, focusing on geo scalability, innovation, and industry expansion[49]