Globant unveils new $125 million share repurchase program
Globant (NYSE: GLOB) has announced a new share repurchase program authorizing up to $125 million in share buybacks. The program will run from Q4 2025 through Q4 2026, with a maximum allocation of $50 million per quarter.
The company's board approved this initiative as part of their capital allocation strategy, reflecting confidence in Globant's long-term growth and AI-first mindset. The repurchase timing, price, and volume will be discretionary, based on market conditions, regulatory requirements, and other factors. The program can be executed through various methods, including open market purchases and accelerated share repurchases.
Globant (NYSE: GLOB) ha annunciato un nuovo programma di riacquisto di azioni che autorizza fino a 125 milioni di dollari in buyback. Il programma avrà validità dal quarto trimestre 2025 al quarto trimestre 2026, con un'allocazione massima di 50 milioni di dollari per trimestre.
Il consiglio di amministrazione della società ha approvato questa iniziativa nell'ambito della loro strategia di allocazione del capitale, indicando fiducia nella crescita a lungo termine di Globant e nella mentalità orientata all'AI. I tempi, il prezzo e il volume dei riacquisti saranno discrezionali, basati sulle condizioni di mercato, sui requisiti normativi e su altri fattori. Il programma può essere eseguito tramite vari metodi, includendo acquisti sul mercato aperto e riacquisti accelerati.
Globant (NYSE: GLOB) ha anunciado un nuevo programa de recompra de acciones que autoriza hasta 125 millones de dólares en recompras. El programa se ejecutará desde el Q4 de 2025 hasta el Q4 de 2026, con una asignación máxima de 50 millones de dólares por trimestre.
La junta directiva de la empresa aprobó esta iniciativa como parte de su estrategia de asignación de capital, reflejando la confianza en el crecimiento a largo plazo de Globant y en su enfoque centrado en IA. El momento, el precio y el volumen de las recompras serán discrecionales, basados en condiciones de mercado, requisitos regulatorios y otros factores. El programa puede ejecutarse a través de varios métodos, incluyendo compras en el mercado abierto y recompras aceleradas.
Globant (NYSE: GLOB)가 주식 매입 프로그램을 새로 발표했으며, 최대 $125백만 달러의 주식 매입을 승인합니다. 이 프로그램은 2025년 Q4부터 2026년 Q4까지 시행되며, 분기별 최대 배정액은 $50백만 달러입니다.
이사회는 자본 배분 전략의 일환으로 이 이니셔티브를 승인했으며, Globant의 장기 성장과 AI-우선 사고에 대한 확신을 반영합니다. 매입의 시기, 가격 및 규모는 시장 상황, 규제 요건 및 기타 요인에 따라 재량적으로 결정됩니다. 이 프로그램은 공개시장 매입, 가속 주식 매입 등 다양한 방법으로 실행될 수 있습니다.
Globant (NYSE: GLOB) a annoncé un nouveau programme de réinvestissement d’actions autorisant jusqu’à 125 millions de dollars en rachats d’actions. Le programme s’étalera du 4e trimestre 2025 au 4e trimestre 2026, avec une attribution maximale de 50 millions de dollars par trimestre.
Le conseil d’administration de la société a approuvé cette initiative dans le cadre de sa stratégie d’allocation de capital, reflétant la confiance dans la croissance à long terme de Globant et son esprit « AI-first ». Le calendrier des rachats, le prix et le volume seront discrétionnaires, en fonction des conditions du marché, des exigences réglementaires et d’autres facteurs. Le programme peut être exécuté par divers moyens, y compris les achats sur le marché libre et les rachats d’actions accélérés.
Globant (NYSE: GLOB) hat ein neues Aktienrückkaufprogramm angekündigt, das bis zu 125 Millionen US-Dollar für Aktienrückkäufe autorisiert. Das Programm läuft von Q4 2025 bis Q4 2026, mit einer maximalen Zuteilung von 50 Millionen US-Dollar pro Quartal.
Der Vorstand des Unternehmens hat diese Initiative im Rahmen seiner Kapitalallokationsstrategie genehmigt und damit Vertrauen in Globants langfristiges Wachstum und eine AI-first-Mentalität zum Ausdruck gebracht. Timing, Preis und Volumen der Rückkäufe sind diskretionär und richten sich nach Marktbedingungen, regulatorischen Anforderungen und anderen Faktoren. Das Programm kann über verschiedene Methoden durchgeführt werden, einschließlich Eigenmarktkäufe und beschleunigte Aktienrückkäufe.
Globant (NYSE: GLOB) أعلنت عن برنامج إعادة شراء أسهم جديد يسمح بإعادة شراء حتى 125 مليون دولار من الأسهم. سيستمر البرنامج من الربع الرابع 2025 حتى الربع الرابع 2026، مع تخصيص أقصى قدره 50 مليون دولار لكل ربع.
ووافقت مجلس إدارة الشركة على هذه المبادرة كجزء من استراتيجيتها لتخصيص رأس المال، مع التأكيد على الثقة في نمو Globant على المدى الطويل وذكائها الاصطناعي كنهج أولوية. سيكون توقيت إعادة الشراء والسعر والحجم خاضعًا لاختيارات تقديرية استنادًا إلى ظروف السوق والمتطلبات التنظيمية وعوامل أخرى. يمكن تنفيذ البرنامج من خلال طرق مختلفة، بما في ذلك الشراء في السوق المفتوحة وإعادة الشراء السريع للأسهم.
Globant (NYSE: GLOB) 宣布了一项新的回购计划，授权最多 1.25亿美元的股票回购。该计划将从2025年第四季度开始执行，持续到2026年第四季度，每个季度的最大分配为 5,000万美元。
公司董事会已将此举作为资本配置战略的一部分批准，反映对 Globant 长期增长及 AI 优先思维的信心。回购的时机、价格和数量将具备裁量权，基于市场条件、监管要求及其他因素。该计划可通过多种方式执行，包括公开市场购买和加速回购。
- Authorization of substantial $125 million share repurchase program
- Strong free cash flow generation supporting the buyback program
- Flexibility in execution with $50 million quarterly allocation limit
- Management's confidence in company's long-term strategy and growth
- Program may be suspended or discontinued at any time
- Actual repurchase amount not guaranteed, subject to various conditions
Insights
Globant's $125M buyback signals management confidence in valuation while maintaining investment in growth; positive for shareholders despite modest size.
Globant has announced a
The timing of this announcement is particularly noteworthy as it comes during a period when the company claims its AI-first strategy is gaining traction. Management's decision to initiate a buyback now suggests strong confidence in their current business trajectory and possibly indicates they view their shares as undervalued at current prices.
Looking at the structure, the
The CFO's statement linking this program to free cash flow generation is significant, as it implies the buyback will be funded through operational performance rather than debt. This approach helps maintain financial flexibility for potential acquisitions and organic growth investments.
While share repurchases generally benefit shareholders by reducing share count and potentially increasing earnings per share, this program's relative size appears modest compared to Globant's market capitalization. The company has wisely included provisions allowing them to adjust or suspend the program as market conditions evolve.
Most importantly, management has explicitly stated they will continue investing in strategic growth initiatives alongside this buyback, indicating this capital return strategy won't come at the expense of the company's long-term growth trajectory.
"As our business continues to solidify, aligned to our strategy based on an AI-first mindset, we see an important opportunity to deliver enhanced value to our shareholders. This share repurchase program demonstrates our strong confidence in Globant's long-term strategy. We will keep on building an innovative and growing business, increasing the value we generate for our customers and all our stakeholders", said Martin Migoya, chairman and CEO of Globant.
"This share repurchase program is supported by our free cash flow generation, and it's a key component of our disciplined capital allocation strategy. As we engage in this program, we will continue investing in strategic growth initiatives," added Juan Urthiague, Globant's CFO.
The timing and price of repurchases as well as the actual number of shares repurchased under the program will be at the discretion of Globant and will depend on a variety of factors, including business and market conditions, the share price, regulatory requirements and limitations, corporate liquidity requirements and priorities, legal requirements and restrictions in the agreements governing our indebtedness, alternative investment opportunities, acquisition opportunities and other factors.
Purchases may be made from time to time at management's discretion. The share repurchase program permits shares to be repurchased in a variety of methods, including but not limited to open market repurchases or accelerated share repurchases. Globant is not obligated to repurchase any specific amount of shares. The share repurchase program may be suspended or discontinued at any time or periodically without prior notice.
About Globant
At Globant, we help organizations thrive in a digital and AI-powered future. Our industry-focused solutions combine technology and creativity to accelerate enterprise transformation and design experiences customers love. Through digital reinvention, our subscription-based AI Pods, and Globant Enterprise AI platform, we turn challenges into measurable business results and promised savings into real impact.
- We have more than 30,000 employees and are present in over 35 countries across 5 continents, working for companies like Google, Electronic Arts, and Santander, among others.
- We were named a Worldwide Leader in AI Services (2023) and a Worldwide Leader in Media Consultation, Integration, and Business Operations Cloud Service Providers (2024) by IDC MarketScape report.
- We are the fastest-growing IT brand and the 5th strongest IT brand globally (2024), according to Brand Finance.
- We were featured as a business case study at Harvard, MIT, and Stanford.
- We are active members of The Green Software Foundation (GSF) and the Cybersecurity Tech Accord.
- We are global partners of Open AI, NVIDIA, AWS and Unity bringing world-class technology together to accelerate innovation across industries.
Contact: pr@globant.com
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Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect," "predict," "potential," or the negative of these terms or other similar expressions. These statements include, but are not limited to, statements related to potential share repurchases and reflect Globant's current beliefs and expectations. Our expectations and beliefs regarding these matters may not materialize. Factors that could impact our expectations and beliefs regarding these matters not to materialize include: our ability to maintain current resource utilization rates and productivity levels; our ability to manage attrition and attract and retain highly-skilled IT professionals; our ability to accurately price our client contracts; our ability to achieve our anticipated growth; our ability to effectively manage our rapid growth; our ability to retain our senior management team and other key employees; our ability to continue to innovate and remain at the forefront of emerging technologies and related market trends; our ability to retain our business relationships and client contracts; our ability to manage the impact of global adverse economic conditions; our ability to manage uncertainty concerning the instability in the current economic, political and social environment in Latin America; and other factors discussed under the heading "Risk Factors" in our most recent Form 20-F filed with the
Because of these uncertainties, you should not make any investment decisions based on our forward-looking statements. Except as required by law, we undertake no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information, future events or otherwise.
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