Grid Dynamics Shares Climb as AI Demand Fuels Strong 3Q

Dow Jones
2025/11/01

By Katherine Hamilton

 

Grid Dynamics shares rose after the company shared strong third-quarter results and initiated a share buyback.

The stock gained 14% to $8.69 on Friday. Shares are still down 61% this year.

The digital platform provider recorded revenue of $104.2 million, ahead of the $103.7 million analysts polled by FactSet were expecting. AI demand fueled third-quarter sales, with AI revenue growing 10% sequentially.

Grid expects to end the year with a materially higher billable run rate as a result of strong momentum in the second half of the year, it said.

Grid also announced a $50 million share repurchase program, which represents about 15% of its cash.

"The buyback reflects our confidence in the long-term prospects of our business and our commitment to investing in ourselves," Chief Executive Leonard Livschitz said.

 

Write to Katherine Hamilton at katherine.hamilton@wsj.com

 

(END) Dow Jones Newswires

October 31, 2025 13:30 ET (17:30 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10