Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Q4 2022 Earnings Conference Call February 23, 2023 4:30 PM ET
Company Participants
Bin Chiang - Head, IR
Leonard Livschitz - CEO
Anil Doradla - CFO
Conference Call Participants
Josh Siegler - Cantor Fitzgerald
Ryan Potter - Citi
Puneet Jain - JPMorgan
Maggie Nolan - William Blair
Bryan Bergin - Cowen
Mayank Tandon - Needham
Bin Chiang
Good afternoon everyone. And welcome to Grid Dynamics Fourth Quarter and Full Year 2022 Earnings Conference Call. I am Bin Chiang, Head of Investor Relations. At this time all participants are in a listen-only mode.
Joining us on the call today are CEO, Mr. Leonard Livschitz; and the CFO, Anil Doradla. Following their prepared remarks, we will open the call to your questions. Please note, today’s conference is being recorded.
Before we begin, I would like to remind everyone that today’s discussion will contain forward-looking statements. This includes our business and financial outlook and the answers to some of your questions. Such statements are subject to the risks and uncertainties described in the company’s earnings release and other filings with the SEC.
During this call, we’ll discuss certain non-GAAP measures of our performance. GAAP to non-GAAP financial reconciliations and supplemental financial information are provided in the earnings press release and the 8-K filed with the SEC. You can find all the information I have just described in the Investor Relations section of our website.
With that, I will now turn the call over to Leonard, our CEO.
Leonard Livschitz
Thank you, Ben. Good afternoon, everyone. And thank you for joining us today. 2022 was one of the best years in terms of revenue and growth in the company's history. Our revenue grew by 47% on a year-over-year basis, and almost tripled since 2020, which was the first year of being a public company. This is a phenomenal achievement, in spite of horrific war in Ukraine, as well as macro economic challenges. And by the way, this week also marks the one year anniversary of the Russian invasion of Ukraine.
The last 12 months have been a test to the company's resilience and strength and our commitment in ensuring the safety of our employees, uninterrupted delivery of customers' projects and acquiring new businesses at the same time. Whether it was [indiscernible] and relegating thousands of employees and their families, ceasing all our operations in Russia, opening and expanding offices in Poland, India, Mexico, Serbia, Armenia, Romania, Jamaica, and other countries and executing our M&A strategy with a new acquisition, as well as completing integration of acquisitions from the past years. And our accomplishments have been nothing less than spectacular.