Grid Dynamics Holdings, Inc. (GDYN)

Grid Dynamics Holdings, Inc. (GDYN)

It is imperative that businesses implement digitization into their model. The global digital transformation market is expected to reach USD 1.7 trillion by 2030, expanding at a CAGR of 14.9% (GLOBE NEWSWIRE). Grid Dynamics Holdings (Nasdaq: GDYN) is a digital transformation company that provides enterprise-level services in the areas of search, analytics, and release automation for Fortune 1000 corporations worldwide. Currently, it serves customers that operate in all sectors with big-name clients such as Google and Merck, among many others. 

Comps: Paymentus Holdings, Inc. (NYSE: PAY), Perficient, Inc. (Nasdaq: PRFT)

In relation to Grid Dynamics Holdings, Paymentus Holdings has a similar market capitalization, while Perficient is a direct competitor. With this in mind, Grid Dynamics Holdings posted revenue growth of 40.1% as of Q3 2022, which is clear of either of these companies by a significant margin. On top of this, their debt ratios are more favorable than either Paymentus Holdings or Perficient. 

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