The outlook for the Internet-Software & Services industry reflects a slowing economy. The industry is highly correlated to the economy and estimates have been coming down over the past year, as concerns over an economic slowdown continued to grow. We are also seeing industry revenue and EBIT flatlining year on year with available cash also appearing to be under some pressure. In this background, companies like Okta (OKTA) and Globant (GLOB) are shining through for a number of reasons. First, they have adopt ...

Globant (GLOB) shares rallied 9.6% in the last trading session to close at $212.29. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.7% loss over the past four weeks. Globant is benefiting from increasing demand for generative AI solutions and a diversified client portfolio across various industry verticals. This information technology services provider is expected to post quarterly earnings of $1.64 per sha ...

Globant S.A. (GLOB) recently inked a definitive agreement to acquire IT consulting firm – Blankfactor – with expertise in Payments, Capital Markets and Banking. The terms of the deal remain undisclosed, and the transaction is subject to customary closing conditions, including regulatory approvals. The initiative strengthens Globant's Payments Studio in North America, addressing the evolving needs of the financial services industry, which is increasingly adopting artificial intelligence (AI)-driven and cloud ...

Blankfactor is a U.S.-headquartered product engineering firm specialized in Payments, Capital Markets, Wealth and Retirement, and Fintech in North America and the UK, with extensive experience in card issuing, merchant acquiring, and securities finance. _____________ Blankfactor has grown rapidly by leveraging highly specialized consultants coupled with deep vertical expertise in the financial services sector. The company also holds extensive expertise in AWS, Google Cloud, Microsoft Azure, Snowflake, and D ...

Globant S.A. (GLOB) is focusing on strategic partnerships to broaden its market presence and propel top-line expansion. GLOB and William Racing recently collaborated to elevate fans' engagement with Formula 1 by leveraging Globant's advanced technological expertise. Globant has been a long-standing sponsor of Franco Colapinto and supported his journey through the F2 campaign. The partnership comes at a crucial time, as the team gears up for the Italian Grand Prix event, where Colapinto will debut as the fir ...

The Company is already a global partner of Formula 1 to elevate their digital experiences both for racing teams and fans and makes Williams its first team partnership in the sport ___________________ BUENOS AIRES, Argentina , Aug. 29, 2024 /PRNewswire/ -- Williams Racing is proud to announce a new partnership with leading digital transformation company and long-running Colapinto's sponsor, Globant. The New York Stock Exchange-listed organisation, with more than 29,100 employees and presence in 33 countries, ...

RICHMOND, Va., Aug. 28, 2024 /PRNewswire/ -- Monument Consulting is proud to announce the launch of their Strategic Supplier Recognition Program. This program is designed to recognize and celebrate the outstanding contributions of its most valued Supplier Partners that support their Managed Service Provider (MSP) client portfolio. These Strategic Suppliers play a crucial role in driving their success, fostering innovation, and enhancing the quality of their services. Ryan Baker, President of Monument Consul ...

Globant Today GLOB Globant $201.54 -1.65 (-0.81%) 52-Week Range $151.68 ▼ $251.50 P/E Ratio 52.90 Price Target $221.42 Add to Watchlist Globant S.A. NYSE: GLOB is a jack-of-all-trades focusing on enterprise digital transformation. It provides business and technology consulting and digital solutions encompassing buzzword trends like artificial intelligence (AI), cloud computing, data science, metaverse, analytics, and the Internet of Things (IoT). The company has been steadily investing in its AI platforms, ...

Globant (GLOB) reported second-quarter 2024 non-GAAP earnings per share (EPS) of $1.51, beating the Zacks Consensus Estimate by 0.67%. It reported earnings of $1.36 per share in the prior-year quarter. Revenues in the quarter totaled $587.5 million, almost in line with the Zacks Consensus Estimate. Total revenues rose 18.1% year over year. The uptick was attributable to solid momentum across most of the business segments. Management highlighted massive growth of 130% in AI-related sales in the first half of ...

Globant S.A. (NYSE:GLOB) Q2 2024 Earnings Conference Call August 15, 2024 4:30 PM ET Company Participants Arturo Langa - IR Martin Migoya - Co Founder and CEO Diego Tartara - Chief Technology Officer Patricia Pomies - COO Juan Urthiague - CFO Conference Call Participants Tien-Tsin Huang - JP Morgan Jim Schneider - Goldman Sachs Maggie Nolan - William Blair Bryan Bergin - TD Cowen Jason Kupferberg - Bank of America Jonathan Lee - Guggenheim Divya Goyal - Scotiabank Arvind Ramnani - Piper Sandler Sean Kennedy ...