Grid Dynamics Holdings Full Year 2024 Earnings: Beats Expectations
Net income: US$4.04m (up from US$1.77m loss in FY 2023).
Profit margin: 1.2% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
EPS: US$0.052 (up from US$0.023 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 52%.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are down 5.1% from a week ago.
We don't want to rain on the parade too much, but we did also find 1 warning sign for Grid Dynamics Holdings that you need to be mindful of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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