Did Grid Dynamics beat or miss consensus estimates last quarter?

What is Grid Dynamics's latest dividend and current dividend yield?

What is Grid Dynamics's gross profit margin?

What is the market's earnings forecast for Grid Dynamics next quarter?

What were the key takeaways from Grid Dynamics's earnings call?

What were the key takeaways from Grid Dynamics’s earnings call?

What factors drove the changes in Grid Dynamics's revenue and profit?

What guidance did Grid Dynamics's management provide for the next earnings period?

- **Record Revenue Growth**: Q3 $104.2M revenue, 19.1% YoY, fueled by 10% sequential AI growth and 25% AI contribution to organic revenue.
- **Share Buyback Signal**: $50M buyback (15% of cash) reflects confidence in undervalued shares and long-term growth.
- **Margin Expansion Ambition**: 300+ basis points improvement via AI-first initiatives, cost optimization, and higher-margin projects.
- **Strong Pipeline**: Multi-quarter engagements extending into 2026, with TMT and Finance verticals leading growth.

**【CEO Summary Section】**
- Q3 revenue reached $104.2 million, an all-time high, driven by 10% sequential growth in AI-related projects, which now account for 25% of organic revenue.
- Announced a $50 million share buyback program, reflecting confidence in long-term prospects and undervalued shares.
- Strong pipeline of new large enterprise logos, with multi-quarter engagements extending into 2026.
- Committed to improving margins by 300 basis points over 12 months through AI-first initiatives, cost optimization, and higher-margin projects.

**【CFO Financial Commentary】**
- Q3 non-GAAP EBITDA of $12.7 million, within the $12-13 million guidance range, despite $0.6 million FX-related headwinds.
- Year-over-year revenue growth of 19.1%, with TMT and Finance verticals leading at 18.2% and 81% growth, respectively.
- Q4 guidance: $105-107 million revenue, positioning 2025 full-year revenue at $410.7-412.7 million (17.1-17.7% YoY growth).
- Cash balance of $338.6 million, with M&A and organic growth as top capital allocation priorities.

**【Q&A Key Highlights】**
- **Billable Headcount Growth**: Added 5x more engineers in Q3 than Q2, with similar additions expected in Q4, despite seasonal trends.
- **Agentic AI Adoption**: Clients seeing 70% reduction in bug triage time and 10% productivity gains through AI-driven solutions.
- **Partnership Expansion**: 18% of revenue from partnerships, targeting 25-30% long-term through hyperscalers and ISVs.
- **Margin Expansion**: 300+ basis points improvement driven by pricing, operational efficiency, and technology investments, achievable even under constrained growth scenarios.

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