Q1 2025 Grid Dynamics Holdings Inc Earnings Call Transcript

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May 02, 2025

May 01, 2025 / 08:30PM GMT
Vasily Sizov - Grid Dynamics Holdings Inc - Senior Vice President, Head of Americas

(technical difficulty) And overall product quality. For a leading luxury retail group, Grid Dynamics transform their search experience by implementing Google Vertex AI search. This innovative solution delivered immediate and significant improvements across key business metrics. Conversion rates increased by 9%, click through rates by 21%, orders by 3%, and revenue per visit by 9%.

Based on these impressive results, we anticipate significant interest in this solution from other clients within our portfolio. For a leading payments technology company, we modernized a costly legacy banking integration system by transforming it into a cloud native microservices platform on Microsoft Azure.

This modern architecture significantly reduces the total cost of ownership while delivering the scalability and resiliency demanded by today's banks.

With this new platform, continuous deployment pipelines now push new features to production without downtime, enabling the business to keep pace with evolving market

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