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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Globant (GLOB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Globant (GLOB) to Report Q2 Results: Wall Street Expects Earnings Growth

Globant has maintained a solid revenue growth rate (16%) as customers transition to AI implementation. The company could be a second-stage AI facilitator and surprise the market with higher growth. The consensus forecast of over 18% EPS (cash) growth in 2025 has not been priced in with valuation at 1x PEG.

Globant: A Second Stage AI Player

Globant S.A. GLOB has announced a collaboration with Amazon Web Services (“AWS”) to assist customers in utilizing RISE with SAP solution for upgrading on-premise SAP enterprise resource planning (ERP) systems and migrating to the cloud.

Globant (GLOB), AWS Boost Cloud Migration via Rise With Sap

The companies will provide increased support for customers moving their SAP applications to the cloud ORLANDO, Fla. , July 16, 2024 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced that it is working with   Amazon Web Services (AWS) to help customers leverage RISE with SAP to modernize their on-premise SAP enterprise resource planning (ERP) and migrate to the cloud.

Globant to Accelerate Customers' Efficient Cloud Migration through RISE with SAP on AWS

Globant (GLOB) introduces the AI Reinvention Network to drive substantial advancements in business operations and consumer experiences.

Globant's (GLOB) AI Reinvention Network Empowers Industries

The company accelerates the adoption of AI through Studios tailored to make key industries ready for advanced transformation SAN FRANCISCO , July 11, 2024 /PRNewswire/ -- Globant  (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, has launched its AI Reinvention Network, updating its Studios to support various industries in their AI acceleration. "Helping our clients navigate the ever-changing world of technology has always been our top priority.

Globant Doubles its Bet in AI to Reinvent Industries

Globant (GLOB) integrates proprietary AI Agents into the software development life cycle and accelerates the process of AI adoption among various industries.

Globant (GLOB) Introduces New AI Agents to Advance SDLC

Globant's more than 10 years of investment in AI are now reflected in an innovative suite of AI Agents and products to empower teams and boost results These new AI Agents will be augmented by humans and will impact the full SDLC, including backend prototyping, application design, testing, and more, to enhance efficiency by solving tasks autonomously SAN FRANCISCO , June 27, 2024 /PRNewswire/ --  Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, announced the integration of its proprietary AI Agents to the software development life cycle (SDLC) to enhance its core development capabilities. Supervised by humans, these AI Agents are designed to enhance Globant's solutions and keep supporting various industries in accelerating their AI adoption.

Globant Augments Software Development Life Cycle with Its New AI Agents

Globant (GLOB) launches new Adobe Studio, which harnesses the power of its expertise in generative AI technologies and Adobe's MarTech solution to bolster customer experiences.

Globant (GLOB) Unveils Cutting-Edge Adobe Studio Platform

With a portfolio of successful Adobe implementations for some of the world's most recognizable brands across 33 countries, the company now consolidates its ability to deliver value at scale SAN FRANCISCO , June 24, 2024 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, announced the launch of its Adobe Studio , which blends Globant's extensive experience in marketing technology, top generative AI capabilities, and cross-industry business expertise, to help the world's leading brands elevate their marketing to new heights with Adobe Experience Cloud platforms. "We are complementing our network of marketing services with a new Studio specializing in Adobe Experience Cloud, a leading technology in its industry.

Globant's New Adobe Studio: Integrating Marketing Technology Expertise with Adobe Experience Cloud

Six months after joining efforts, the tech giant and creative powerhouse make another bold move to offer a unique one-stop creative and tech shop for global marketeers Globant GUT Network will leverage the best of global creativity, spearheaded by GUT, with the amazing array of Globant's marketing and tech offering Media Kit CANNES, France , June 19, 2024 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, announced today the launch of Globant GUT , the first creative Network reinvented by tech. The new Network aligns Globant's previously acquired agencies Habitant, Ad_bid, KTBO, and Vertic with GUT, award-winning global creative agency who became part of the Globant family last November.

Globant Launches Globant GUT, a Creative Network Reinvented by Tech

Enfusion

NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--FTV Capital, a prominent sector-focused growth equity investment firm with a successful 25+-year track record of investing in financial and enterprise technology, today announced the opening of its London office to serve as the firm's hub for UK and European investments. FTV also announced Richard Earnshaw has joined the firm as partner to lead and grow the London-based team while deepening the firm's investing efforts throughout Europe. Located in May.

FTV Capital Expands Internationally with Opening of London Office

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Globant (GLOB) posts impressive Q1 2024 results owing to its prominent presence in Latin America and expanded market footprint across various growth sectors.

Globant's (GLOB) Q1 Earnings Meet Estimates, Revenues Up Y/Y

Globant S.A. (GLOB) Q1 2024 Earnings Call Transcript

Globant (GLOB) came out with quarterly earnings of $1.53 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.28 per share a year ago.

Globant (GLOB) Matches Q1 Earnings Estimates

Executing on Growth Initiatives First quarter revenues of $571.1 million, up 20.9% year-over-year IFRS Diluted EPS of $1.02 for the first quarter Non-IFRS Adjusted Diluted EPS of $1.53 for the first quarter LUXEMBOURG , May 16, 2024 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced results for the three months ended March 31, 2024. Please see highlights below, including certain Non-IFRS measures.

Globant Reports 2024 First Quarter Financial Results

Through its expertise in IoT and AI, this new Studio enhances Globant's position in the automated robot integration space SAN FRANCISCO , May 15, 2024 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced the launch of its Robotics  Studio . "Robotics has evolved beyond a mere trend; it now serves as a facilitator and optimizer of dangerous, repetitive, or impossible tasks for humans.

Globant Launches Robotics Studio to Offer the Best Solutions for Autonomous Machine Systems

LUXEMBOURG , May 9, 2024 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced it will release results for the first quarter ended March 31st, 2024 on Thursday, May 16th, 2024 after the close of regular market hours. Following the release, Martin Migoya, Globant's CEO & co-founder; Juan Urthiague, Globant's CFO; Patricia Pomies, Globant's COO; and Diego Tártara, Globant's CTO, will discuss the results in a video conference call beginning at 4:30 pm ET.

Globant to Announce First Quarter 2024 Financial Results on May 16th

The first two projects of this collaboration will focus on improving the current pit wall system, a key source of information for racing teams, and enriching the fan experience mobile application used at each race The digital consultant and software development provider becomes an Official Partner of Formula 1 in a multi-year deal MIAMI , May 2, 2024 /PRNewswire/ -- Globant  and Formula 1 have today announced a multi-year partnership until 2026 to elevate the digital experiences for both F1 teams and fans. As an Official Partner, Globant will support Formula 1 in building best-in-class IT systems and products.

Globant and Formula 1 Announce Multi-Year Partnership to Elevate F1 Digital Experiences

The Star Performer title is awarded to providers who have demonstrated the most significant improvement over time on the PEAK Matrix® NEW YORK , April 17, 2024 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced it was recognized by Everest Group as a Star Performer and Leader in the Software Product Engineering Services PEAK Matrix® Assessment 2024 .  "The recognition as a Leader in the Software Product Engineering Services PEAK Matrix® Assessment 2024 represents an important milestone for Globant, showcasing the significant growth we've experienced in recent years in knowledge and offerings," said Martín Migoya, CEO of Globant.

Everest Group recognizes Globant as a Star Performer and Leader in the Software Product Engineering Services PEAK Matrix® Assessment 2024

LUXEMBOURG , April 9, 2024 /PRNewswire/ -- Globant S.A. (NYSE: GLOB) (the "Company"), a digitally native technology services company focused on creating digital journeys, announces that its Annual General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders (collectively, the "General Meetings") are to be held on May 10, 2024.

Globant to Hold its Annual General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders on May 10, 2024

The company also won Partner of the Year Awards in Latin America for Services and Talent Development SAN FRANCISCO , April 8, 2024 /PRNewswire/ -- Globant  (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced that it has received the 2024 Google Cloud Industry Solution Services Partner of the Year Award for Media and Entertainment, marking its second consecutive year winning the award. Google Cloud announced Globant's win at its annual Google Cloud Next conference in San Francisco.

Globant Wins Google Cloud Industry Solution Services Partner of the Year Award for Media & Entertainment for Second Consecutive Year

ATLANTA--(BUSINESS WIRE)-- #simplyconnectingpayments--ConnexPay has announced the appointment of Ben Peters as chief executive officer. Peters brings more than two decades of experience.

ConnexPay Appoints Ben Peters as Chief Executive Officer

The new commercial playfully challenges nonsense tech applications and continues the Stuck.in Consultancy Saga of "I AI" and "1000 Slides" -also produced by GUT- to show a different way of transforming businesses NEW YORK , March 21, 2024 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today launched its new commercial 'Taste ID.' The film is the latest installment in Globant's "Stuck in Consultancy" saga, created by the award-winning global agency GUT , which was recently incorporated into the Globant family.

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