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.

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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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New Studio will be part of Globant's Reinvention Studios portfolio Will leverage technologies currently offered by Globant's Digital Studios, such as the metaverse, data & AI, and Blockchain, among others SAN FRANCISCO , Aug. 15, 2022 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, announced today the launch of its Retail Studio. With this new service, Globant seeks to help retailers stay ahead of changes in the industry, with tools for complete supply chain visibility and automation while reinventing retail through phygital experiences that boost customer engagement.

Globant Launches Retail Studio to Accelerate Transformation in the Industry

LUXEMBOURG , Aug.11, 2022 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced it will release results for the second quarter ended June 30th, 2022 on Thursday August 18th, 2022 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 2022 Financial Results on August 18th

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

Should You Buy Globant (GLOB) Ahead of Earnings?

New Studio adds to Globant's Reinvention Studios portfolio, which includes Smart Payments, EdTech, Airlines, and Gaming, among others. SAN FRANCISCO , Aug. 4, 2022 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced the launch of its Automotive Studio.

Globant Launches Automotive Studio With Focus on Mobility at Scale

Globant (GLOB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Globant (GLOB) Keep the Earnings Surprise Streak Alive?

First Be Kind Tech Fund investment on its mission to support startups that mitigate the misuse of technology and create a kinder digital world ping technology lets commercial drivers hear messages out loud in 105 languages, making processes hands-free, reducing texting while driving, and helping improve overall driving habits Be Kind Tech Fund's investment will help fund ping's business development and expand availability worldwide SAN FRANCISCO , July 27, 2022 /PRNewswire/ -- Globant  (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced that its Be Kind Tech Fund has invested in ping , a U.S.-based voice platform company that helps enterprises eliminate distracted driving by enabling commercial drivers to hear their smartphone messages and emails read out loud in more than 105 languages, creating a safer experience for drivers, passengers, and pedestrians. As the Be Kind Tech Fund's first investment – alongside investments from other firms – the fund has helped ping raise a $5M joint seed round, which will enable the company to roll out its patented technology to hundreds of gig economy companies around the world.

Globant's Be Kind Tech Fund Invests in ping Voice Technology Platform to Help Get Drivers Home Safely

Respondents Split on Comfort Level of Advertising Play-to-Earn Model at Odds with Respondents Who Just Want to Play Respondents Expect the Metaverse Will Change the Video Game Industry Few Respondents Have Purchased NFTs SAN FRANCISCO , July 13, 2022 /PRNewswire/ -- Globant  (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, revealed today its Metaverse Awareness Survey, conducted by YouGov, which reveals U.S. gamers' thoughts, attitudes, and opinions on the metaverse. Conducted in May 2022, the survey includes responses from 1,000 adult PC, console, and/or mobile gamers in the United States.

Globant, YouGov Survey Reveals Metaverse Sentiment Among Gamers

Globant has multiple industry tailwinds to support growth in the future as it sits in the center of the digital transformation wave. The company has a sound and sustainable growth strategy as it looks to grow its customer base and innovate on its offerings.

Globant: Buy When Fundamentals Are Strong And Share Price Is Weak

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NEW YORK--(BUSINESS WIRE)-- #finance--DataArt, a global software engineering firm, today announced that it has secured a $75 million minority growth investment from FTV Capital, a leading growth equity investment firm with over two decades of experience in enterprise technology. This investment, which closed earlier this year, follows a year of extraordinary growth in 2021 and 2022 year-to-date, as DataArt expanded its international footprint, strengthened its service offerings in key innovation sectors a

DataArt Secures $75 Million Growth Investment from FTV Capital to Further Expand Global Reach

After a significant share price decline, and continued improvement in fundamentals for Globant, we no longer believe shares to be extremely overvalued. We think the current share price can be more easily justified, but there is still a high level of uncertainty as to what the average growth rate will be.

Globant: Approaching A Defensible Valuation, Upgrading To Hold

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The new Canada facility joins others in the US and Mexico and consolidates Globant's presence in North America; the local team will expand service offerings to regional clients in retail and financial services, among other industries The company will add 200 new tech jobs in the region over the next three years TORONTO , June 24, 2022 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing business through innovative technology solutions, announced today its expansion into Canada with the opening of the company's first office in Toronto. This new business hub consolidates the footprint of Globant in North America, where the company has seven offices in the US and four offices in Mexico.

Globant Announces Expansion to Canada With Toronto Office Opening

BOSTON--(BUSINESS WIRE)--Zoovu, an AI-powered discovery experience platform for B2B and B2C e-commerce, has raised $169 million led by FTV Capital.

Zoovu Secures $169 Million Series C Led by FTV Capital to Deliver Data-driven Product Discovery Experiences for E-commerce

Near-term volatility should eventually give way to long-term outperformance for these stocks.

S&P 500 Bear Market: 2 Top Growth Stocks to Buy and Hold Through the Downturn

New Globant survey reveals that while 73% of respondents feel the metaverse is accessible to them, only 26% have experienced it The Sentinel Report is a Globant initiative to inspire companies to keep reinventing, providing insights on market trends and industry behavior worldwide. SAN FRANCISCO , June 13, 2022 /PRNewswire/ --  Globant  (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, published its new Sentinel Report : "How the metaverse is transcending digital limits and reinventing our place in the physical world.

Globant Publishes Sentinel Report on Metaverse Opportunities for Businesses and Industries

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The sell-off in these two IT consulting winners seems overdone.

2 Smart Pick-and-Shovel Plays on the Future of Tech Innovation

More than 7,000 technology enthusiasts, artists and entrepreneurs from around the world have already registered for the free live streaming of the event that will take place this Wednesday, June 1 in Mexico City. Tech N' Fest 2022 offers an incredible agenda of talks, debates and activities on Gaming, Metaverse, AI, Sustainability, Art and Music.

Save the Date: Globant Invites to the Tech N' Fest 2022

The Fund's new partners include The George Washington University and investors Riverwood Capital, IDB Lab, and Nazca, alongside the Center for Humane Technology joining as an advisor SAN FRANCISCO , May 24, 2022 /PRNewswire/ --   Globant  (NYSE: GLOB), a digitally native company focused on reinventing business through innovative technology solutions, today announced that its Be Kind Tech Fund , the first and only corporate venture fund wholly focused on supporting startups that seek to mitigate the misuse and abuse of technology, is collaborating on its mission with partners including The George Washington University and investors Riverwood Capital , IDB Lab , and Nazca . The Center for Humane Technology is also joining the Fund as an advisor.

Globant's Be Kind Tech Fund Collaborates With Investors, Universities, and Nonprofits to Tackle Misuse of Technology

Globant S.A. (NYSE:GLOB ) Q1 2022 Earnings Conference Call May 19, 2022 4:30 PM ET Company Participants Carolina Dolan Chandler – Chief Digital Officer Martin Migoya – Co-Founder and Chief Executive Officer Juan Urthiague – Chief Financial Officer Patricia Pomies – Chief Operating Officer Diego Tartara – Global Chief Technology Officer Conference Call Participants Tien-Tsin Huang – JPMorgan Ryan Potter – Citi Arturo Langa – Itau Diego Aragao – Goldman Sachs Surinder Thind – Jefferies Moshe Katri – Wedbush Zack Ajzenman – Cowen Jamesmichael Sherman-Lewis – Piper Sandler Carolina Dolan Chandler Good day and welcome to Globant's First Quarter 2022 Earnings Conference Call.

Globant S.A.'s (GLOB) CEO Martin Migoya on Q1 2022 Results - Earnings Call Transcript

Solid Start To The Year First quarter revenues of $401.4 million, up 48.6% year-over-year  IFRS Diluted EPS of $0.86 for the first quarter  Non-IFRS Diluted EPS of $1.19 for the first quarter LUXEMBOURG , May 19, 2022 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced results for the three months ended March 31, 2022. Please see highlights below, including certain Non-IFRS measures.

Globant Reports 2022 First Quarter Financial Results

New Studio Encompasses practices like Digital Commerce, Alternative Payments, Rewards & Loyalty and Analytics to Support Clients' Transformations NEW YORK, May 18, 2022 /PRNewswire/ --  Globant  (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today launched its Smart Payments Studio , which provides strategic business and technical consultancy to help organizations analyze and develop payments solutions. By leveraging Metaverse, Blockchain, and Gamification technologies, among others, this Studio aims to deliver experiences that are seamless, personalized, and engaging.

Globant Launches Smart Payments Studio to Help Companies Create Simpler, Faster and More Secure Solutions

With its new Studio, Globant seeks to reinvent learning experiences and transform organizations by leveraging its expertise in transforming organizations through trends such as Big Data, Analytics, AI, Augmented and Virtual Reality, Blockchain and Gaming. SAN FRANCISCO , May 13, 2022 /PRNewswire/ -- Globant  (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, launched its new EdTech Studio  today.

Globant Launches EdTech Studio to Empower Organizations to Create High-Quality Learning Experiences

LUXEMBOURG , May 12th, 2022 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced it will release results for the first quarter ended March 31st, 2022 on Thursday May 19th, 2022 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 First Quarter 2022 Financial Results on May 19th

LUXEMBOURG , May 3, 2022 /PRNewswire/ -- Globant  (NYSE: GLOB), a digitally native company focused on reinventing business through innovative technology solutions, announced today the appointment of Andrea Mayumi Petroni Merhy to its Board of Directors. Ms. Petroni Merhy was elected to join the Board of Directors by Globant's shareholders at the company's annual general meeting, which took place on April 22.

Andrea Mayumi Petroni Merhy Joins Globant's Board of Directors

Globant has produced market-crushing returns over the past five years, and the company is just getting started.

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