other material
confidence high
sentiment positive
materiality 0.75
Grid Dynamics raises Q1 revenue guidance to at least $65M; shifts headcount away from Eastern Europe
GRID DYNAMICS HOLDINGS, INC.
- Q1 2022 revenue now expected no less than $65M, up from prior $55-60M range.
- Eastern Europe now ~50% of total headcount, down from >66% on Feb 24, 2022.
- Outside western Ukraine, Eastern Europe engineering workforce <20% of total, down from 33% five weeks ago.
- Accelerating workforce expansion in Central Europe, US, Mexico, and India.