Globant(GLOB)

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Globant(GLOB) - 2022 Q1 - Earnings Call Transcript
2022-05-20 03:16
Financial Data and Key Metrics Changes - Total revenue for Q1 2022 was $401.4 million, representing a 48.6% year-over-year growth and a 5.7% quarter-over-quarter growth [5][30] - Adjusted gross profit increased to $158.4 million, with a 39.5% adjusted gross margin compared to 39.6% in Q1 2021 [33] - Adjusted net income for Q1 totaled $50.8 million, maintaining a 12.7% adjusted net income margin, with adjusted diluted EPS at $1.19, reflecting a 43.4% year-over-year growth [35][36] Business Line Data and Key Metrics Changes - The Walt Disney Company remains the largest client, with a growth of 55% year-over-year and 5.1% quarter-over-quarter [20] - The rest of the accounts collectively grew by 47.8% year-over-year and 5.7% quarter-over-quarter [20] Market Data and Key Metrics Changes - Geographic distribution of revenues: 63.1% from North America, 23.5% from Latin America, 11.1% from EMEA, and 2.3% from Asia and Oceania [22] - The company’s workforce increased to 24,504, representing a 41.9% year-over-year growth, with IT professionals increasing by 42.2% [23] Company Strategy and Development Direction - The company is focusing on geographic expansion, particularly in Latin America, with plans to increase the workforce in Chile by 40% [8] - The acquisition of GeneXus aims to enhance the company's capabilities in low-code software solutions, addressing a significant trend in the market [9][10] - New Reinvention Studios have been launched to help clients adapt to digital transformation, including a smart payments studio and an EdTech studio [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing demand for digital transformation despite geopolitical uncertainties, predicting that 75% of enterprises will accelerate their digital transformation plans by 2025 [5][6] - The company anticipates Q2 2022 revenues to be at least $425.5 million, reflecting a 39.4% year-over-year growth [37] Other Important Information - The company has launched initiatives to improve employee experience and talent acquisition, including offering 15,000 scholarships for technology training [25][26] - The company is actively monitoring its net promoter score, which stands at 66, indicating strong client satisfaction [22] Q&A Session Summary Question: Insights on low-code, no-code theme and its impact on application development - Management emphasized the importance of low-code/no-code solutions and how they are integrating these into their offerings, including the GeneXus acquisition [41][43] Question: Talent market competition and wage inflation - Management acknowledged increased competition for talent, particularly in Latin America and India, and anticipated wage inflation due to this competition [55][58] Question: Impact of macroeconomic environment on business - Management believes long-term demand for digital transformation services remains strong, despite potential short-term impacts from economic conditions [86][88] Question: M&A strategy and its importance - Management highlighted the significance of M&A for geographical expansion and enhancing their service offerings, especially in light of changing valuations in the market [91][92]
Globant(GLOB) - 2021 Q4 - Annual Report
2022-02-28 22:12
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
Globant(GLOB) - 2021 Q4 - Earnings Call Transcript
2022-02-18 01:49
Globant S.A. (NYSE:GLOB) Q4 2021 Earnings Conference Call February 17, 2022 4:30 PM ET Company Participants Amit Singh - Head of Finance for the U.S. and Global Head of IR Martin Migoya - Co-Founder & CEO Diego Tartara - Global Chief Technology Officer Juan Urthiague - CFO Patricia Pomies - COO Conference Call Participants Tien-Tsin Huang - J.P. Morgan Ashwin Shirvaikar - Citi Bryan Bergin - Cowen Maggie Nolan - William Blair Arturo Langa - Itau Diego Aragao - Goldman Sachs Surinder Thind - Jefferies Walter ...
Globant(GLOB) - 2021 Q4 - Earnings Call Presentation
2022-02-17 21:39
Globant) Seek Reinvention F4Q21 Investor Presentation Investment highlights Pure play in the digital and cognitive space Organized by Studios, delivering domain expertise in emerging technologies and industries Proven ability to acquire and integrate complementary, bolt-on acquisitions Experienced and founder led management team Global presence, leveraging next-gen software and the right talent and skills Strong set of Accelerators that leverage AI and other technologies to reinvent key aspects of organizat ...
Globant(GLOB) - 2021 Q3 - Earnings Call Transcript
2021-11-19 06:20
Globant S.A. (NYSE:GLOB) Q3 2021 Earnings Conference Call November 18, 2021 4:30 PM ET Company Representatives Martin Migoya - Co-Founder, Chief Executive Officer Juan Urthiague - Chief Financial Officer Patricia Pomies - Chief Operating Officer Diego Tartara - Global Chief Technology Officer Amit Singh - Head of Finance for the U.S. and Global Head of Investor Relations Conference Call Participants Tien-Tsin Huang - J.P. Morgan Ashwin Shirvaikar - Citi Bryan Bergin - Cowen Maggie Nolan - William Blair Artu ...
Globant(GLOB) - 2021 Q2 - Earnings Call Presentation
2021-08-13 16:03
Globant) Create your way forward F2Q21 Investor Presentation highlights Investment Pure play in the digital and cognitive space Global presence, leveraging next-gen software and the right talent and skills Organized by Studios, delivering domain expertise in emerging technologies Proven ability to acquire and integrate complementary, bolt-on acquisitions Experienced and founder led management team Strong set of Accelerators that leverage AI and other technologies to reinvent key aspects of organizations Rec ...
Globant(GLOB) - 2021 Q2 - Earnings Call Transcript
2021-08-13 03:31
Globant SA (NYSE:GLOB) Q2 2021 Earnings Conference Call August 12, 2021 4:30 PM ET Company Participants Amit Singh - Head, Finance & IR, U.S. Martin Migoya - Co-founder, Chairman, CEO & President Guibert Englebienne - Co-Founder, President, Globant X, Globant Ventures & Latin America and Director Diego Tartara - CTO Patricia Pomies - COO Juan Urthiague - CFO & IR Officer Conference Call Participants Tien-Tsin Huang - JPMorgan Chase & Co. Ashwin Shirvaikar - Citigroup Bryan Bergin - Cowen and Company Maggie ...
Globant(GLOB) - 2021 Q1 - Earnings Call Transcript
2021-05-14 02:31
Globant S.A. (NYSE:GLOB) Q1 2021 Results Conference Call May 13, 2021 4:30 PM ET Company Participants Amit Singh - Head of Finance and Investor Relations Martin Migoya - Co-Founder & Chief Executive Officer Juan Urthiague - Chief Financial Officer Patricia Pomies - Chief Delivery & People Officer Diego Tartara - Chief Technology Officer Conference Call Participants Tien-Tsin Huang - JPMorgan Bryan Bergin - Cowen Maggie Nolan - William Blair Ashwin Shirvaikar - Citi Surinder Thind - Jefferies Steve Enders - ...
Globant(GLOB) - 2020 Q4 - Annual Report
2021-02-26 21:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...
Globant(GLOB) - 2020 Q4 - Earnings Call Transcript
2021-02-19 01:49
Globant S.A. (NYSE:GLOB) Q4 2020 Earnings Conference Call February 18, 2021 4:30 PM ET Company Participants Amit Singh - Head of Finance and Investor Relations Martín Migoya - Co-Founder & Chief Executive Officer Juan Urthiague - Chief Financial Officer Patricia Pomies - Chief Delivery & People Officer Conference Call Participants Tien-Tsin Huang - JPMorgan Bryan Bergin - Cowen Maggie Nolan - William Blair Surinder Thind - Jefferies Diego Aragao - Goldman Sachs Cesar Medina - Morgan Stanley Steven Enders - ...