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) came out with quarterly earnings of $1.36 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.22 per share a year ago.

Globant (GLOB) Beats Q2 Earnings and Revenue Estimates

Strong Half-Year Performance, Positive Outlook Ahead Second quarter revenues of $497.5 million, up 15.9% year-over-year IFRS Diluted EPS of $0.85 for the second quarter Non-IFRS Adjusted Diluted EPS of $1.36 for the second quarter LUXEMBOURG , Aug. 17, 2023 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced results for the three and six months ended June 30, 2023. Please see highlights below, including certain Non-IFRS measures.

Globant Reports 2023 Second Quarter Financial Results

Using Microsoft Azure OpenAI Service , this joint effort between Globant, LaLiga Tech, and Microsoft will improve available sports data and enhance the experience for millions of fans all over the world This collaboration, that started in football, will expand in other sports as basket, rugby and tennis in the next few months MADRID , Aug. 17, 2023 /PRNewswire/ -- Globant  (NYSE: GLOB) and LaLiga Tech  have come together to collaborate with Microsoft on a series of initiatives with the goal of fostering the transformation of sports in various domains through the utilization of Artificial Intelligence. After years of collaboration between Microsoft, Globant, and LaLiga to create digital products and solutions that help the reinvention of sport and entertainment, LaLiga Tech - after Globant's partnership with LaLiga - is extending this initiative beyond football to other sports such as basketball, rugby and tennis.

Globant and LaLiga Tech to Pilot Generative AI Applications to Reinvent Sports Tactics and Broadcasting

NEW YORK , Aug. 11, 2023 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced the launch of a dedicated Microsoft Studio.  This initiative aims to enhance the value of Globant's client investments through its extensive knowledge and experience in the Microsoft ecosystem.

Globant Launches Microsoft Studio for Businesses to Embrace the Cloud and AI Revolution

LUXEMBOURG , Aug. 10, 2023 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced it will release results for the second quarter ended June 30th, 2023 on Thursday August 17th, 2023 after the close of regular market hours. Following the release, Martin Migoya, Globant's CEO & co-founder, Juan Urthiague - CFO, Patricia Pomies - COO, and Diego Tártara - Global CTO, will discuss the results in a video conference call beginning at 4:30pm ET.

Globant to Announce Second Quarter 2023 Financial Results on August 17th

As part of the five-year investment plan, which will include various initiatives through 2028, the company will open an Emerging Technologies Innovation Center in Brazil Globant will also continue the development of AI-based products such as Genexus, MagnifAI, StarMeUp, and Augoor The company also plans to hire 20,000 professionals from all over the region to reinforce its leadership in Latin America BUENOS AIRES , Aug. 10, 2023 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, announced a five-year, $1 billion USD investment plan in Latin America to strengthen its presence throughout the region. Initiatives Globant is pursuing as part of the investment plan include: A strong expansion in Brazil, and create an Innovation and Emerging Technologies Center in San Pablo.

Globant Announces $1 Billion USD Investment in Latin America to Strengthen Its Presence in the Region, Focusing on AI and Other Emerging Technologies

The regional winners of the fourth edition of the Women that Build Awards were chosen among 3,148 nominees and 123,172 votes worldwide This year the judging panel was composed of 78 international referents and has the support of global partners like NYSE, Salesforce, Women Corporate Directors, Udemy and Coachub NEW YORK , Aug. 8, 2023 /PRNewswire/ --  Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced the regional winners of the fourth edition of Women that Build Award s . The awards recognize extraordinary women in STEAM (Science, Technology, Engineering, Arts, and Mathematics) who have shattered barriers and driven positive impact in their fields.

Globant presents the North, Central, South America and India winners of the Women That Build Awards 2023

Globant S.A. provides a wide range of IT consulting and digital transformation services worldwide. Management has guided 2023 revenue growth to be far lower than 2022's growth rate, a common condition in the global consulting industry. Until we gain better visibility into client spending dynamics as macroeconomic conditions soften, I'm Neutral [Hold] on Globant S.A. stock.

Globant Has Lower Utilization And Sees Slower Revenue Growth Ahead

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As part of a multi-year agreement with FIFA, Globant is a sponsor of the FIFAe World Cup Finals 2023 to continue driving the reinvention of the sports industry through technology SAN FRANCISCO , July 19, 2023 /PRNewswire/ -- Globant, a digitally native company focused on reinventing businesses through innovative technology solutions, is a sponsor of the FIFAe Finals 2023 , held in Riyadh, Saudi Arabia from July 6 to July 19. This innovative competition showcases the pinnacle of esports talent in three exciting formats: the FIFAe Club World Cup, the FIFAe Nations Cup, and the FIFAe World Cup.

Globant Supports the FIFAe Finals 2023™

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SAN FRANCISCO , June 8, 2023 /PRNewswire/ --  Globant  (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, has been positioned as a Leader in the IDC MarketScape: Worldwide Artificial Intelligence Services 2023 Vendor Assessment (doc #US49647023, May 2023). "We believe being named a Leader reflects Globant's comprehensive AI journey and our commitment to offering value-driven services to each of our clients," said Martín Migoya, CEO and Co-Founder at Globant.

Globant Named as a Leader in the IDC MarketScape Worldwide Artificial Intelligence Services 2023 Vendor Assessment

The new commercial, which was developed by the creative agency GUT, lays out—with sarcasm—how these days, many consultancies are trying to keep up with the AI trend. It highlights the importance of Globant's deep expertise in bringing together Artificial and Human Intelligence to deliver unique and innovative solutions.

"I AI": Globant's New Commercial of the saga "Stuck in Consultancy" Playfully Pokes Fun at AI Trendiness, Highlighting the Track Record of the Company

Globant's Q1 sales and earnings results came in ahead of Wall Street's expectations. The company also issued encouraging guidance for the current quarter and full year.

Why Globant Stock Soared Today

Globant S.A. (NYSE:GLOB ) Q1 2023 Results Conference Call May 18, 2023 4:30 PM ET Company Participants Arturo Langa - Head, IR Martin Migoya - Co-Founder, CEO Juan Urthiague - CFO Patricia Pomies - COO Diego Tartara - CTO Conference Call Participants Tien-Tsin Huang - JP Morgan Ashwin Shirvaikar - Citi Maggie Nolan - William Blair Bryan Bergin - TD Cowen Surinder Thind - Jefferies Thomas Blakeley - KeyBanc Phani Kanumuri - HSBC Arturo Langa Good day, and welcome to Globant's First Quarter 2023 Earnings Conference Call.

Globant S.A. (GLOB) Q1 2023 Earnings Call Transcript

Globant (GLOB) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.19 per share a year ago.

Globant (GLOB) Q1 Earnings and Revenues Surpass Estimates

Executing on Growth and Increasing Guidance First quarter revenues of $472.4 million, up 17.7% year-over-year IFRS Diluted EPS of $0.84 for the first quarter Non-IFRS Diluted EPS of $ 1.28  for the first quarter LUXEMBOURG , May 18, 2023 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced results for the three months ended March 31, 2023. Please see highlights below, including certain Non-IFRS measures.

Globant Reports 2023 First Quarter Financial Results

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Simultaneously with Globant CEO, Martín Migoya, participating in the "Choose France Summit" with President Emmanuel Macron, Globant consolidates its French-based European team Pentalog is a leading France-based digital transformation company with a diverse array of services and a robust portfolio of clients throughout Europe Globant will now have a better reach in France, Germany, Netherlands, Switzerland, and Austria PARIS , May 15, 2023 /PRNewswire/ --  Globant  (NYSE: GLOB), a digitally native technology services company, announced today that it has entered into a definitive agreement to acquire Pentalog, a renowned digital transformation company that creates high-quality technology solutions and products for digitally native organizations in key industries such as finance, sports, gaming, travel, and education, among others. The acquisition will support Globant's plans to expand its footprint and services in France.

Globant "Chooses France": Acquires Pentalog to reinforce its presence in France and continue its European expansion

LUXEMBOURG , May 11, 2023 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced it will release results for the first quarter ended March 31st, 2023 on Thursday May 18th, 2023 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 2023 Financial Results on May 18th

With an agency approach enhanced with AI, Globant Create will combine creativity and  marketing strategy with data, and cutting-edge technology to offer its clients unique ways of connecting with their customers This new creative powerhouse will merge former Digital Sales and Digital Marketing Studios with recently acquired creative agencies in Europe and Latin America NEW YORK , May 11, 2023 /PRNewswire/ --  Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, announced today the launch of Globant Create , a new Studio that combines creativity, marketing, and media with AI, Data, and other cutting-edge technologies to develop full 360 marketing strategies. Globant Create will offer current and future clients new ways of engaging and surprising users.

Globant Create: the new Studio that Helps Brands Leverage the Best of AI and Tech into Creativity and Marketing

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NEW YORK , May 11, 2023 /PRNewswire/ -- Bregal Sagemount ("Sagemount") and FTV Capital ("FTV"), two leading growth-focused private equity firms, today announced a strategic growth investment in Neptune Flood Incorporated ("Neptune" or the "Company"), a leading digital insurtech platform and private flood insurance provider. Sagemount and FTV will acquire a substantial minority stake in the Company, with Neptune CEO and management maintaining majority ownership.

Bregal Sagemount and FTV Capital Announce Strategic Growth Investment in Neptune Flood Incorporated

Globant's recently acquired Australian-born company, eWave, will evolve into Globant's Commerce Studio to help companies deliver the best commerce experiences This Studio reinforces Globant's digital capabilities and brings commerce expertise that connects localized consumer experiences and knowledge around the world NEW YORK , May 5, 2023 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, announced today the launch of its Commerce Studio . This new Studio will help organizations create best-in-class commerce-enabled experiences, with engineering and design at its core.

Transforming Commerce Experiences: Unleashing Next-Level Omnichannel Expertise with Globant's Commerce Studio

The challenge is open to executives and leaders from large, medium and small companies, who can enter by sharing how they would leverage AI to solve a specific business challenge The most creative and original ideas will have the chance to win up to $200,000 USD Participants can submit their AI cases by May 21 at www.more.globant.com/globant-ai-competition   NEW YORK , May 2, 2023 /PRNewswire/ -- Globant  (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, has launched a new AI Challenge  for businesses leaders to identify the best ideas around how AI can be used to solve pressing industry issues and address real-world business challenges. The winners will have the chance to win up to $200,000 USD.

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