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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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

Enfusion

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.

Globant Launches "AI Challenge" for Businesses Leaders, to Award the Most Innovative and Effective Uses of AI

ExperienceIT is a U.S.-based digital transformation consultancy with a diverse array of services and deep expertise in healthcare Globant will now have a new office in Minneapolis, MN, home of nation-wide leading Health and Life Sciences organizations MINNEAPOLIS , April 24, 2023 /PRNewswire/ --  Globant  (NYSE: GLOB), a digitally native technology services company, announced today that it has acquired ExperienceIT , a U.S.-based digital transformation consultancy with a diverse array of services and deep expertise in healthcare, to expand its services in North America, adding a robust team of highly skilled consultants and an impressive client roster. ExperienceIT offers its clients design, delivery, advisory, and agile training services in connection with end-to-end digital transformation projects related to customer service experience, M&A integration, IT modernization, and digital optimization, among other areas.

Globant Acquires ExperienceIT to Expand Its Footprint in North America and Boost Its Healthcare Offering

Augoor introduces its code visualization feature, Codemap, which helps developers spend less time reading and trying to understand code, and more time writing it NEW YORK , April 20, 2023 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, has announced the release of  Augoor's code visualization feature: Codemap. With this update, the AI-powered Code Intelligence platform provides real-time graphs of codebases.

Globant boosts its AI-powered navigation tool for code

Relationship will help drive reinvention of the financial industry with customized experiences for business and consumer customers

Globant Ventures Invests in Fivvy, a SaaS Platform Bringing Personalized Experience to Banking Customers

The leading global analyst firm's report recognizes Globant as "a provider of studio model-based offerings delivering innovative solutions to clients," with strengths including its offering focus, talent management, differentiation, and technology innovation

Globant Named "Market Leader" Among Digital Engineering Service Providers in HFS Horizons Report

Through its newly established Google Cloud Studio, a new business unit, Globant will grow its dedicated team of experts with deeper and wider reach in GCPs products. This new studio will leverage the wide range of Google Cloud tools to benefit organizations across all verticals in their business transformation.

Globant Expands Global Partnership with Google Cloud by Creating a New Dedicated Google Cloud Studio

LUXEMBOURG , March 14, 2023 /PRNewswire/ -- Globant S.A. (NYSE: GLOB), a digitally native technology services company (the "Company"), announces that its Annual General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders (collectively, the "General Meetings") are to be held on April 19, 2023.

Globant to Hold its Annual General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders on April 19, 2023

LUXEMBOURG , Feb. 28, 2023 /PRNewswire/ -- Globant S.A. (NYSE: GLOB), a digitally native technology services company (the "Company"), announced today that it filed its annual report on Form 20-F for the year ended December 31, 2022 (the "2022 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC").

Globant Files Annual Report for 2022

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Globant S.A. (NYSE:GLOB ) Q4 2022 Earnings Conference Call February 16, 2023 4:30 PM ET Company Participants Arturo Langa - IR Martin Migoya - Co-Founder and CEO Diego Tartara - Global Chief Technology Officer Patricia Pomies - COO Juan Urthiague - CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Ashwin Shirvaikar - Citi Bryan Bergin - Cowen Arvind Ramnani - Piper Sandler Moshe Katri - Wedbush Surinder Thind - Jefferies Margaret Nolan - William Blair Phani Kanumuri - HSBC Arturo Langa Good day, and welcome to Globant's Fourth Quarter 2022 Earnings Conference Call.

Globant S.A. (GLOB) Q4 2022 Earnings Call Transcript

Globant (GLOB) delivered earnings and revenue surprises of 0.72% and 0.21%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Globant (GLOB) Q4 Earnings and Revenues Top Estimates

Strong Revenue Growth and Solid Profitability Fourth quarter revenues of $490.7 million, up 29.2% year-over-year IFRS Diluted EPS of $0.91 for the fourth quarter Non-IFRS Diluted EPS of $1.40 for the fourth quarter Full year 2022 revenues of $1,780.2 million, up 37.3% year-over-year IFRS Diluted EPS of $3.47 for the full year Non-IFRS Diluted EPS of $5.08 for the full year LUXEMBOURG , Feb. 16, 2023 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced results for the three months and year ended December 31, 2022. Please see highlights below, including certain Non-IFRS measures.

Globant Reports 2022 Fourth Quarter and Full Year Financial Results

In the new edition of its annual Trends Report, Globant shares four technologies that will guide organizations into new territory in 2023, helping them navigate the uncharted waters of innovation like never before. NEW YORK , Feb. 16, 2023 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, published today its 2023 Tech Trends Report , which presents four technology trends related to the metaverse, AI, blockchain, and foundational tech that will help organizations to create innovative solutions and opportunities for their businesses.

Globant Shares 2023 Trends for AI, Metaverse, Blockchain, and Foundational Tech in New Report

LUXEMBOURG , Feb. 9, 2023 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native technology services company, today announced it will release results for the fourth quarter and full year ended December 31st, 2022 on Thursday February 16th, 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 Fourth Quarter 2022 Financial Results on February 16th

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 Q4 Results: Wall Street Expects Earnings Growth

Globant's Low Code Platform, GeneXus, incorporates LLM to further automate the software-building process to create entire systems. NEW YORK , Feb. 9, 2023 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, has announced a major update to its AI-powered Low Code platform, GeneXus.

Globant Unveils Cutting-Edge AI Assistant to build digital products from written notes

While big tech has been suffering in the current environment, Globant's largest customers still remain resilient as management's visibility into the customers show near-term strength. As the company continues to grow rapidly, the attractive profitability and cash flow position is something that investors have not yet set their eyes on.

Globant: Fast Growing Digital Transformation Player Enabling Innovation In The World

With Vertic, Globant will complement its digital offering globally; strengthen its experience on Healthcare & LifeSciences industries; and establish its first office in Copenhagen that will serve as a hub to expand into Nordic European countries NEW YORK , Jan. 10, 2023 /PRNewswire/ --  Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, has acquired Vertic, a Copenhagen and New York based creative consultancy with a strong focus on life-sciences and other B2B disciplines. This acquisition will allow Globant to consolidate its global digital marketing network and start operations in Denmark from where it will offer services to companies based in the Nordic countries.

Globant acquired Vertic to consolidate its digital marketing global network and start operations in Denmark

Globant will support training efforts across the NPower network in the US by providing advisory services, financial support, and experienced volunteers over two years SAN FRANCISCO , Dec. 22, 2022 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, announced today it is growing its existing partnership with NPower , one of the country's largest nonprofits providing free tech training and job placement for military veterans and young adults from underserved communities. As part of the growing strategic partnership, Globant will provide NPower with financial support, advisory services, and experienced volunteers over the next two years.

Globant and NPower Grow Partnership to Support Veterans and Other Underrepresented Groups in Technology Nationwide

NEW YORK & SAN FRANCISCO--( BUSINESS WIRE )--FTV Capital, a prominent growth equity investment firm, today announced the appointment of six leading financial services executives to its Strategic Advisory Board. The new advisors bring decades of banking, technology and insurance experience to FTV's network, providing a distinct view into the needs and pain points of global enterprises today. The Board convenes biannually to discuss emerging market themes, while also facilitating connections between FTV portfolio companies and corporate decision-makers, building on FTV's long history of partnering with executives from large financial institutions and Fortune 500 companies to promote knowledge exchange and technology innovation.

FTV Capital Appoints Six New Executives to Its Strategic Advisory Board

Expansion will help drive digital transformation for companies in Asia-Pacific and the Middle East through a new business unit called "New Markets" As part of this expansion and to boost global growth, the company announces changes among regional leadership NEW YORK , Nov. 29, 2022 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced its expansion across   Asia-Pacific and the Middle East with the creation of a new, fully dedicated regional unit called "New Markets." "It's time for Globant to reach thriving geographies and economies in Asia-Pacific and the Middle East," said Martin Migoya, Co-founder and CEO of Globant.

Globant Expands Operations in Asia-Pacific and Middle East

GLOB has adopted acquisition strategy to expand its operations globally. The eWave acquisition is expected to help GLOB expand its operations in the Asia Pacific region.

News for Globant Stock (GLOB)