Globant

Globant SA engages in the provision of information technology services. It includes application development, testing, infrastructure management, and application maintenance. The company was founded by Martín Migoya, Martín Gonzalo Umaran, Guibert Andrés Englebienne, and Néstor Augusto Nocetti in 2003 and is headquartered in Luxembourg.

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q1 2023

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Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Globant achieves record sales and eyes AI-driven growth opportunities

Globant's Q4 2022 performance reflects record-breaking sales, strong financial results, and promising collaborations with key clients, underpinned by a focus on AI capabilities and global expansion.
While challenges like pricing pressures and regional performance variations exist, the company's strategic strengths in AI, cost optimization, and workforce planning position it well for growth.
Opportunities in AI-driven revenue growth, geographic expansion through M&A, and market trends present avenues for Globant to capitalize on, despite macroeconomic uncertainties.
Overall, Globant's prudent financial management, focus on efficiency, and strategic initiatives underscore a positive outlook for 2023, supported by a strong foundation and growth potential.

Globant reports strong Q1 growth driven by AI initiatives

Globant's Q1 2023 earnings call showcased robust performance, emphasizing revenue growth, AI initiatives, and strategic acquisitions. The company's unique approach to customer engagement, strong market demand for AI tools, and focus on efficiency gains position it for continued success.
While challenges in maintaining AI efficiency gains and integrating acquisitions exist, Globant's opportunities lie in capitalizing on market demand for AI tools, expanding globally, and deepening service offerings. The company's commitment to innovation, client relationships, and strategic planning underpin its growth trajectory.
With a focus on revenue conversion, maintaining gross margin targets, and driving operating margin improvements, Globant aims for sustainable growth and profitability. The company's resilience, strategic differentiation, and market positioning set the stage for continued success in the evolving business landscape.

Globant achieves record Q2 revenue with focus on AI growth

Globant reports record revenue and strong profitability in Q2 2023.
Company-specific drivers like structure, studios, and culture fuel higher growth.
Focus on talent development, client partnerships, and innovative offerings.
Optimistic outlook for growth, aiming for double-digit growth in 2024.

Globant reports robust Q3 earnings, eyes global expansion and AI

Globant's Q3 performance reflects strong revenue growth, operational efficiency, and financial health.
While facing challenges like FX impacts and utilization rates, the company's strengths in market recognition and client satisfaction position it well for future growth.
Opportunities in new regions, service expansions, and AI projects present avenues for continued success and market leadership.

Globant reports stellar 2023 performance, eyes AI-driven growth in 2024

Globant's robust financial performance in 2023, driven by revenue growth and strong margins, positions the company well for 2024. With a strategic focus on AI, spatial computing, and creative marketing, Globant aims to capitalize on emerging opportunities while addressing challenges such as currency fluctuations and economic uncertainties.

Globant surpasses Q1 revenue expectations, eyes AI acceleration for growth

Globant's Q1 performance exceeded expectations, driven by strong revenue growth and strategic initiatives. While facing challenges from macroeconomic uncertainties, the company remains optimistic about future growth. Opportunities in AI, geographic expansion, and industry reinvention position Globant for continued success.

Globant reports stellar Q2 results, eyes AI and marketing tech for growth

Globant delivered strong Q2 results with robust revenue growth and profitability, showcasing resilience and innovation in a competitive market.
The company's strategic focus on AI and marketing tech expansion positions it well for future growth and market leadership.
While facing challenges in talent management and potential market competition, Globant remains optimistic about its growth prospects and industry recognition.

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Globant SA (GLOB) CEO Martin Migoya on Q2 2021 Results - Earnings Call Transcript

Strong Performance Amid Robust Demand Environment Second quarter revenues of $305.3 million, up 67.1% year-over-year IFRS Diluted EPS of $0.48 for the second quarter Non-IFRS Diluted EPS of $0.88 for the second quarter LUXEMBOURG , Aug. 12, 2021 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced results for the three and six months ended June 30, 2021. Please see highlights below, including certain Non-IFRS measures.

Globant Reports 2021 Second Quarter Financial Results

Globant (GLOB) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Globant (GLOB)

LUXEMBOURG, Aug. 5, 2021 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced it will release results for the second quarter ended June 30th, 2021 on Thursday August 12th, 2021 after the close of regular market hours. Following the release, Martin Migoya, Globant's CEO & co-founder, and Juan Urthiague, Globant's CFO, will discuss the results in a video conference call beginning at 4:30pm ET.

Globant to Announce Second Quarter 2021 Financial Results on August 12th

NEW YORK, July 28, 2021 /PRNewswire/ -- Globant (NYSE: GLOB), a leading digitally native technology services company, announced the hiring of Shantala Sadananda as the Regional Managing Director. Shantala will be assuming a senior leadership position within Globant overseeing the East region of the United States.

Globant Appoints Shantala Sadananda as U.S. East Coast Regional Managing Director

NEW YORK, July 20, 2021 /PRNewswire/ -- Globant (NYSE: GLOB), a leading digitally native technology services company, announced the hiring of Tania Salarvand as Managing Director. Tania comes to Globant with extensive cross-industry experience and will expand and strengthen Globant's North American business.

Globant Hires Tania Salarvand as Managing Director

Digitally native technology services company Globant SA (NYSE: GLOB) acquired an 80% stake in Walmeric. The financial terms of the transaction remain undisclosed.

Globant Acquires Majority Stake In Walmeric To Drive Digital Sales

LUXEMBOURG, July 8, 2021 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, announced today its acquisition of an 80 percent stake in Walmeric, a firm specialized in developing marketing automation technology combining lead management, online marketing and sales enablement. The agreement includes an option to purchase the remaining minority stake through a three-year term.

Globant Acquires Majority Stake In Walmeric To Strengthen Its Digital Sales Products Portfolio

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Globant SA : A Stock To Own Now

MADRID, June 23, 2021 /PRNewswire/ -- Globant  (NYSE: GLOB), a digitally native company that offers innovative technology solutions, launched its Digital Sales Studio to disrupt traditional sales channels. The Studio aims to challenge e-commerce by placing the consumer at the center of strategy and applying technology at the service of the business to drive results.

Globant Launches New Digital Sales Studio To Help Organizations Accelerate Sales And Win The Consumer's Cognitive Revolution

SAN FRANCISCO, June 17, 2021 /PRNewswire/ -- Globant  (NYSE: GLOB), a digitally native company, published its new Sentinel Report , which aims to guide organizations in their strategies and planning to be ready for the business of the future. In "Navigating the Sustainable Business Era", Globant outlines how organizations should integrate sustainability into the core of their business and transition from awareness to consciousness, for their own success and for the future of climate change.

Globant highlights the urgency to instill 'carbon-thinking' in organizations to prepare for a technological and sustainable future

SAN FRANCISCO, June 10, 2021 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company, today announced BeHealthy, a new program that launches the Earn Your Apple Watch app --a solution that offers companies the opportunity to help customers, members, or employees improve their health and wellness.  The app is a highly configurable, white label recognition and reward program, developed in conjunction with Apple, to help clients improve the wellness and the quality of engagement with their customers, members, or employees by leveraging and integrating the unique built-in features of Apple Watch including the activity rings.

Globant Launches "Earn Your Apple Watch" Program

NEW YORK, June 3, 2021 /PRNewswire/ -- DLA Piper represented Globant S.A. (NYSE: GLOB) in its underwritten public offering of 1,380,000 common shares (after exercise of the underwriters' option to purchase additional shares), at a price of $214.00 per share.

DLA Piper represents Globant in follow-on public offering

Globant (GLOB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Globant (GLOB) Rating Upgrade to Buy

SAN FRANCISCO, May 24, 2021 /PRNewswire/ -- Globant S.A. (NYSE: GLOB), a digitally native technology services company today announced that it intends to offer and sell 1,000,000 of its common shares (the "Shares"), subject to market and other conditions, in an underwritten public offering.

Globant Announces Proposed Public Offering of Common Shares

Globant (GLOB) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Globant (GLOB) Moves 5.1% Higher: Will This Strength Last?

Globant S.A. (GLOB) CEO Martin Migoya on Q1 2021 Results - Earnings Call Transcript

Globant (GLOB) delivered earnings and revenue surprises of 2.47% and 4.04%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Globant (GLOB) Beats Q1 Earnings and Revenue Estimates

Shares of Globant (NYSE:GLOB) were flat in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 40.62% over the past year to $0.90, which beat the estimate of $0.80.

Globant: Q1 Earnings Insights

Strong Start to the Year First  quarter revenues of $270.2 million, up 41.0% year-over-year IFRS Diluted EPS of $0.53 for the first quarter Non-IFRS Diluted EPS of $0.83 for the first quarter LUXEMBOURG, May 13, 2021 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced results for the three months ended March 31, 2021. Please see highlights below, including certain Non-IFRS measures.

Globant Reports 2021 First Quarter Financial Results

Globant SA (NYSE: GLOB) announced it had acquired Barcelona-based HABITANT. It is a consulting firm specializing in digital marketing strategy, Paid Media, MAdTech, and Digital Sales.

Globant Acquires Europe's Digital Marketing Consulting Firm HABITANT For Undisclosed Sum

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Internet Stocks' May 13 Q1 Earnings Lineup: GLOB, DASH & More

LUXEMBURG, May 12, 2021 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, announced today its acquisition of HABITANT, a consulting firm specializing in digital marketing strategy, Paid Media, MAdTech and Digital Sales. With this acquisition, Globant reinforces its expansion plans in Europe.

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