Globant S A Stock Price, News & Analysis

Globant (NYSE: GLOB) has inaugurated its Middle East Regional Headquarters in Riyadh, Saudi Arabia, marking a significant expansion less than three years after entering the region. The digital transformation company's new hub will serve as a Center of Excellence for AI and digital solutions.

The company reported strong regional growth with Middle East & APAC revenue increasing 84.4% year-over-year in Q1-25. The move aligns with favorable market conditions, as IT spending in MENA is projected to reach $230.7 billion in 2025, growing 7.4%. In Saudi Arabia specifically, IT services spending is expected to reach $6.4 billion by 2027 with a 9.0% CAGR.

The new headquarters features Globant's third global "Playground," an immersive space showcasing innovation in sports, AI, and customer engagement, following successful implementations in São Paulo and Los Angeles.

Globant (NYSE: GLOB) has partnered with Saudi Pro League (SPL) to implement their Competition Management Solution through Sportian, Globant's sports division. The AI-powered platform will digitize and automate core processes for the league, including player enrollment, match operations, and compliance processes.

The solution features automated registration of new signings, real-time matchday operations management, and secure data protection. Key functionalities include lineup submissions, referee assignments, and kit selection. The platform aims to reduce manual tasks and enhance operational efficiency, allowing competition staff to focus on innovation.

This partnership marks Globant's expansion in the Middle East and strengthens its position in Saudi Arabia's sports ecosystem. The company already provides similar solutions to other major sports organizations including LALIGA, MotoGP, and Belgian Pro League.

Globant (NYSE: GLOB), a digital technology solutions company, has scheduled its Q1 2025 earnings release for May 15th, 2025 after market hours. The company will host a video conference call at 4:30 PM ET featuring CEO Martin Migoya presenting the results, followed by a Q&A session with CFO Juan Urthiague, COO Patricia Pomies, and CTO Diego Tártara. A shareholder letter will be made available on Globant's investor relations website.

Globant and YPF, Argentina's leading energy company, have signed a Memorandum of Understanding to accelerate YPF's digital transformation through artificial intelligence. The partnership focuses on modernizing YPF's Supply Chain operations, which manages 5,000 suppliers and over 100,000 products and services.

The collaboration will implement AI-powered tools to create an innovative operating model that continuously learns, makes complex decisions, and ensures compliance with company policies. This initiative aligns with YPF's "Plan 4x4," targeting $30 billion in exports by 2030.

As the largest shale oil operator globally outside the United States, YPF aims to enhance operational efficiency and global competitiveness through this digital transformation. The partnership leverages Globant's expertise in AI and technology solutions to streamline YPF's entire value chain, reduce operational friction, and scale capabilities.

Globant (NYSE: GLOB) has announced a Strategic Partner Agreement with Google Cloud to enhance enterprise adoption of cloud technologies and AI solutions. The partnership focuses on delivering industry-specific solutions for the Media & Entertainment, Retail, Healthcare, and Finance & Banking sectors.

The collaboration leverages Google Cloud's AI tools to address key enterprise challenges including scalability, data silos, and process inefficiencies. Key solutions include frictionless identity management and commerce, GenAI-enabled mainframe modernization, AI-enabled search and archival management, and intelligent agentic workflows.

The partnership will enable Globant to expand its deployment and management of generative AI projects, utilizing Google Cloud's infrastructure at scale while maintaining focus on its core AI competencies and customer experience improvement services.

Globant (NYSE: GLOB) has been awarded two prestigious recognitions from Google Cloud in 2025: the Country Partner of the Year Award for Argentina and the Talent Development Partner of the Year Award for Latin America - the latter for the second consecutive year.

The awards acknowledge Globant's success in driving sales and delivering exceptional outcomes for Google Cloud customers in Argentina, along with their commitment to workforce development in Latin America. The company notably ranked first in the region for Google Cloud Generative AI Skill Badges acquisition, demonstrating their focus on emerging technologies.

With over 15 years of collaboration with Google Cloud, Globant serves major companies across various sectors including technology, education, pharmaceutical, oil and gas, and financial services. In 2023, the company launched its Google Cloud Studio with dedicated experts to help organizations transform their business, modernize platforms, secure workloads, and enable data-driven decision-making through Google Cloud services.

Globant (NYSE: GLOB) has announced its upcoming Annual General Meeting of Shareholders scheduled for April 30, 2025. The meeting will take place at the company's registered office located at 37A, Avenue J.F. Kennedy, L-1 855, Luxembourg.

Shareholders can access the Convening Notice, meeting agenda, proxy card form, and all relevant materials through the company's investor relations website at http://investors.globant.com.

LeadingResponse has appointed Steven Roe as its new Chief Executive Officer, bringing over twenty years of executive leadership experience in operations, sales, and marketing. Roe has previously held leadership positions at notable companies including Max Media, Response Media, KnowledgeStorm, BrightWave Marketing, Globant (NYSE: GLOB), and SapientNitro.

The appointment was announced by Lloyd Metz, Managing Director at ICV Partners and Chair of LeadingResponse's board of directors, who emphasized Roe's extensive experience in digital marketing and technology. Roe's track record includes guiding mid-market organizations through digital transformation and building high-performing teams focused on sustainable growth.