Grid Dynamics up after co sees heightened demand

Grid Dynamics Holdings

28/03/2022 15:21

** Shares of IT services firm  GDYN.O  up 7.8% at $11.24    
    ** Reaffirms Q1 outlook, says it is seeing heightened demand
for its approach to build digital platforms, applications and
expertise in AI, cloud and data analytics
    ** Says office in Mexico is set to double its original size
to support business growth
    ** Says opening of Grid Dynamics India gives co a foothold
in Asia
    ** "At the very least, our read is the company's confidence
in offering this release is a positive signal for ongoing
operations and continued client demand, as GDYN navigates the
challenging backdrop in a commendable manner" - Cowen
    ** Up to last close, stock had fallen ~73% YTD

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com;))