Grid Dynamics nearly doubled annual revenue in 2021; reaffirms Q1 2022 outlook

GRID DYNAMICS HOLDINGS, INC.

Annual revenue nearly doubled in 2021; Q4 revenue three times prior-year quarter.
North America accounted for >80% of 2021 revenue; no revenue from Eastern Europe/CIS.
75% of enterprise customers (80% of revenues) accelerated growth in March 2022.
Headcount increased >10% globally since start of 2022; expanded in India and Mexico.
Management reaffirms Q1 2022 outlook.

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