By default, in the GridControl, when a formula cell is exported to Excel, both the result of formula and formula text will be exported. To export the result with format and cell styles applied to the formula cell of the grid, create a custom GridExcelConverterControl class; override the ExportCellToExcel() method; set the result to the Excel cell. The result of the formula cell will be displayed by the GridStyleInfo.FormattedText property of that cell.
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