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.

Globant reports strong Q3 earnings, eyes AI growth in 2025

Globant's Q3 2024 earnings call highlighted robust performance, strong revenue growth, and a strategic focus on AI adoption and industry-specific consultancy.
While facing challenges in areas like market expansion and technology integration, the company's strengths in revenue diversification and regional growth present opportunities for sustained success.
Overall, Globant's performance underscores a positive trajectory with a clear roadmap for growth, positioning the company well for continued success in the evolving tech landscape.

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SAN FRANCISCO, Oct. 29, 2021 /PRNewswire/ --  Globant  (NYSE: GLOB), a digitally native company focused on reinventing business through innovative technology solutions, announced today that it became carbon neutral as a new step in its commitment to become a net-zero company. Globant started its Net-Zero Roadmap in 2020 when it moved to 100% renewable electricity buying renewable energy certificates that ensured the use of renewable sources in all its operations.

Globant Achieves Carbon Neutrality and Signs Science-Based Targets Commitment to Reinforce its Dedication to Fighting Climate Change

Globant is the first tech services company to create a Studio comprised of specialists in metaverse to help clients reinvent their digital spaces Globant to host a panel on metaverse impact and opportunities on November 10th at its signature Converge event SAN FRANCISCO, Oct. 28, 2021 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing business through innovative technology solutions, announced today the launch of the Globant Metaverse Studio , which will offer organizations a set of solutions and services to take advantage of the sphere of opportunities provided by this new space. "The metaverse opens new digital spaces where companies can extend their presence, offering and creativity, maximizing customer and employee engagement.

Globant Launches New Studio To Guide Companies Into The Metaverse

SAN FRANCISCO, Oct. 15, 2021 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally-native company that offers innovative technology solutions, announced today that it will join the Green Software Foundation – an institution of global organizations committed to, and creating best practices for building sustainable software to reduce carbon emissions. The organization, now comprising 14 member organizations, was formed in May 2021 and is rooted in a mutual desire and need to collaborate across industries to combat climate change.

Globant joins Green Software Foundation steering committee to lead the path for cleantech

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NEW YORK, Oct. 5, 2021 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, announced today its acquisition of Atix Labs, a professional services company specialized in blockchain. This acquisition helps Globant to expand its offering in the blockchain market, which is expected to grow 10x by 2025, according to industry analysts.

Globant acquires Atix Labs to strengthen and empower its blockchain and crypto related solutions and products

Goldman Sachs analyst Diego Aragao upgraded  Globant SA (NYSE:GLOB) to Buy from Neutral with a price target of $395, up from $235, implying a 26.1% upside. Globant is well-positioned to continue providing value-added services and a "differentiated" offering while taking advantage of the growing global demand for digital solutions, Aragao notes.

Goldman Sachs Sees 26% Upside For Globant - Read Why

The digital transformation company announced investments at London Tech Week A long-standing player in the digital and cognitive field, Globant has its eyes on the UK as an integral part of its global expansion plan SAN FRANCISCO, Sept. 20, 2021 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company that offers innovative technology solutions, announced a new £65m investment plan over the next three years to quadruple its teams in the UK; create a Sustainability Hub; and expand its London headquarters.

Globant to invest £65m over the next three years in UK to strengthen its operations by quadrupling its teams and creating a Sustainability Hub

Does Globant (GLOB) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Momentum Investors Will Love Globant (GLOB)

The awards aim to provide more visibility to women that generate and contribute a profound impact in the technology sector. The nomination process is now open and winners will be recognized in categories including: Inspiring Executive, Digital Leader, Tech Entrepreneur and Rising Star.

Women That Build Awards: Globant launches initiative to recognize leading women in tech and IT

Globant (GLOB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Globant (GLOB) Upgraded to Buy: Here's What You Should Know

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.

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