Globant (GLOB) reported first-quarter 2025 non-GAAP earnings per share (EPS) of $1.50, missing the Zacks Consensus Estimate of $1.58. It reported earnings of $1.53 per share in the prior-year quarter. Revenues in the quarter totaled $611.1 million, lagging the Zacks Consensus Estimate of $622 million. However, the top line rose 7% year over year, driven by secular growth trends in AI-related opportunities and healthy business momentum. Globant’s management highlighted the company's intensified focus on AI a ...

U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Friday.Shares of Globant S.A. GLOB fell sharply in today's pre-market trading after the company reported worse-than-expected first-quarter financial results, issued second-quarter guidance below estimates, and cut its FY25 guidance.Globant reported quarterly earnings of $1.50 per share which missed the analyst consensus estimate of $1.58 per share. The company reported quarterly sales of $611.09 million which miss ...

to delight Technology that dares F1Q25 INVESTOR PRESENTATION INVESTMENT HIGHLIGHTS Pure play in the digital and cognitive space Global presence, leveraging next-gen software and the right talent and skills Organized into Studios, delivering domain expertise in emerging technologies and industries Strong set of Accelerators that leverage AI and other technologies to reinvent key aspects of organizations Proven ability to acquire and integrate complementary, bolt-on acquisitions Experienced and founder-led ma ...

Globant (GLOB) came out with quarterly earnings of $1.50 per share, missing the Zacks Consensus Estimate of $1.58 per share. This compares to earnings of $1.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.06%. A quarter ago, it was expected that this information technology services provider would post earnings of $1.74 per share when it actually produced earnings of $1.75, delivering a surprise of 0.57%.Over the last fou ...

Globant (GLOB) Q1 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Arturo Langa - Investor Relations OfficerMartín Migoya - Co-Founder and CEOJuan Urthiague - CFOBryan Bergin - Managing DirectorDiego Tartara - Global Chief Technology OfficerJonathan Lee - Managing Director, Equity ResearchDivya Goyal - Director - Equity Research - Technology, Software & Services Conference Call Participants Tien-tsin Huang - Senior AnalystJim Schneider - Senior Equity AnalystJamie Friedman - Senior FinTech a ...

Financial Data and Key Metrics Changes - Revenues reached $611.1 million, representing a 7% year-over-year increase and 8.6% in constant currency, slightly below February guidance [21][5][24] - Adjusted gross margin for the quarter stood at 38%, flat year-over-year, while adjusted operating margin was 14.8% [23][24] - Adjusted net income for Q1 2025 was $67.8 million, translating into an adjusted diluted EPS of $1.50, almost flat year-over-year [24] - Cash and cash equivalents and short-term investments were $120.2 million, with net debt at $167 million, indicating a low net debt ratio [24][25] Business Line Data and Key Metrics Changes - North America saw a 6% year-over-year revenue increase, Europe grew by 13.4%, and new markets experienced an 84.4% year-over-year growth [22] - Latin America faced a decline of nearly 9% year-over-year, with notable contractions in Mexico and Brazil, partially offset by strong growth in Argentina [22][21] Market Data and Key Metrics Changes - The macroeconomic environment has been challenging, with a significant rise in the probability of a U.S. recession and softening consumer spending [7][6] - The pipeline remains robust with a 20% increase over last year, despite near-term challenges [8][21] Company Strategy and Development Direction - The company is focusing on three core pillars: expanding its 100 square accounts, enhancing AI studios for comprehensive AI transformation, and implementing a subscription model for service delivery [9][10][12] - The subscription model aims to provide a consumption-based framework for clients, aligning incentives around outcomes rather than hours worked [12][14] - The company is committed to long-term value creation and transformative impact, particularly in AI and digital transformation [6][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the current challenging macroeconomic environment but remains confident in the strength and resilience of the business [5][6] - The company has revised its full-year revenue guidance to at least $2.004 billion, representing 2% year-over-year growth [25] - Management expects a solid second quarter with guidance of at least $612 million in revenues, reflecting a cautious but optimistic outlook [25][26] Other Important Information - The company has introduced Globant Coda, an AI-driven suite aimed at simplifying the software development lifecycle [15] - Recent partnerships include a reinvention partnership with the Saudi Pro League and a major milestone with Formula One [16][17] Q&A Session Summary Question: Recovery of demand in Latin America - Management indicated that many deals are being delayed rather than canceled, with a 20% increase in the pipeline providing optimism for recovery [33][34][36] Question: Protecting margins amid potential deterioration - Management confirmed that measures are in place to protect margins and profitability, with a focus on disciplined pricing and cash flow management [42][43] Question: Backlog and revenue guidance - Management stated that visibility is high for the second quarter, with a focus on maintaining a derisked revenue forecast [50][51] Question: Performance of top clients - Management noted stabilization in performance among top clients, with new markets continuing to outperform [62] Question: Capital positioning and cash flow generation - Management emphasized a focus on protecting cash flow and reducing capital expenditures while prioritizing AI investments [118][119]

First quarter revenues of $611.1 million, up 7.0% year-over-year IFRS Diluted EPS of $0.68 for the first quarter Non-IFRS Adjusted Diluted EPS of $1.50 for the first quarter LUXEMBOURG, May 15, 2025 /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, 2025.Please see highlights below. Note that reconciliations between IFRS and Non-IFRS financial measures are d ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Globant (GLOB) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 15. On the ot ...

LUXEMBOURG, May 1, 2025 /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, 2025 on Thursday, May 15th, 2025 after the close of regular market hours.Following the earnings release, Martin Migoya, Globant's Chief Executive Officer & co-founder, will discuss the results in a video conference call beginning at 4:30 pm ET. This will be followed b ...

He also leads the investing group IPO Edge , which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to init ...