Aug. 21 at 2:41 PM
$GDYN
Recent investor meeting with CFO highlighting several bullish themes. Macro uncertainty (tariffs, CIO caution, AI hype) has slowed decision-making, yet ~23% of revenue is growing 3x company average, creating a future mix shift that could re-rate shares if sustained. He highlighted strong anchor accounts (Apple, Google) actively engaging on AI models, while broader enterprises remain cautious, duct-taping IT until budgets flush. Street lumps all IT services as “terminal,” depressing valuation to ~2x sales despite cash and growth assets. Management sees potential 2026 rebound akin to post-COVID as spend resumes; meanwhile margins are pressured by FX and utilization, but shift toward outcome-based contracts offers long-term leverage.
