Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Q2 2022 Earnings Conference Call August 4, 2022 4:30 PM ET
Company Participants
Bin Chiang - Head, Investor Relations
Leonard Livschitz - CEO & Director
Anil Doradla - CFO & Secretary
Conference Call Participants
Puneet Jain - JP Morgan
Mayank Tandon - Needham
Maggy Nolan - William Blair
Bryan Bergin - Cowen
Ryan Potter - Citibank
Joshua Siegler - Cantor Fitzgerald
Bin Chiang
Good afternoon, everyone. Welcome to Grid Dynamics Second Quarter 2022 Earnings Conference Call. I'm Bin Chiang, Head of Investor Relations. At this time, all participants anr in listen-only moder. Joining us on the call today are CEO, Leonard Livschitz; and CFO, Anil Doradla. Folowing 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 answers to some of your questions. Such statements are subject to the risks and uncertainties as described in the company's earnings release and other filings with the SEC. During this call, we will discuss certain non-GAAP measures of our performance. GAAP to non-GAAP financial reconciliation and supplemental financial information are provided in the earnings press release and the 8-K filed with the SEC. You can find all of 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, Bin. Good afternoon, everyone, and thank you for joining us today. Q2 2022 was another record revenue quarter of $77.3 million, and this marked the eighth consecutive quarter of record revenue in the company's history.
I want to emphasize these results, which are definitely exceptional, given the circumstances the world has been facing over the past five months. Grid Dynamics executed flawlessly and transitioning a significant proportion of the workforce, while continuing to build our projects in the timely manner. I will go into details shortly.
Three months ago, I committed that we will exit Russia. Today, I would like to report [indiscernible] Russian activities, and we are now geographically more diversified as well as continuing to expand across all our industry client verticals. More importantly, our customers demonstrating unwavering faith in Grid Dynamics' capability. I'm confident of our strength and our ability to successfully navigate the business in the future, despite the geopolitical challenges.