Globant S A Stock Price, News & Analysis

Globant, listed on NYSE:GLOB, announced a $1 million investment from its Be Kind Tech Fund in Polemix, a pioneering Web3 platform aimed at transforming discussions on vital social issues. The fund, focused on supporting startups mitigating technology's adverse effects, has also partnered with Seaya and E2E. Polemix allows influential leaders to share opinions and engage supporters through Proof of Support tokens. The platform promotes civil discourse by rewarding respectful dissent and highlights significant figures like Cornel West and Steven Pinker. This investment enhances Globant's commitment to innovative technology solutions and responsible engagement.

Globant (NYSE: GLOB) has launched its Sports Reinvention Studio to enhance the sports industry's digital transformation. Announced on January 30, 2023, the Studio aims to significantly improve fan engagement through six unique services, including fantasy and e-sports integration, fan engagement strategies, and sponsorship acceleration. With over 20 years of experience, Globant aims to leverage partnerships with organizations like FIFA and LA Clippers to provide cutting-edge solutions. The initiative indicates strong potential for growth and innovation within the sports sector, positioning Globant as a leader in enhancing sports experiences.

Globant (NYSE: GLOB) announced its acquisition of Vertic, a creative consultancy based in Copenhagen and New York, focusing on life-sciences and B2B marketing. This strategic acquisition aims to enhance Globant's global digital marketing network, establishing its first office in Copenhagen to serve as a hub for Nordic European expansion. Vertic, founded in 2002, is recognized for its innovative digital solutions and counts major companies like Eli Lilly and Microsoft among its clients. The deal positions Globant to capitalize on growth opportunities in the Healthcare and Life Sciences sectors.

Globant (NYSE: GLOB) is enhancing its partnership with NPower, a nonprofit aiding tech training for veterans and underserved youth. Over the next two years, Globant will offer financial backing, advisory services, and volunteers to benefit approximately 1,500 individuals annually. This initiative aligns with Globant's 'Be Kind to Humanity' mission, affirming its commitment to diversity and inclusion in technology. The partnership aims to empower these communities by providing skills in technology fundamentals and cybersecurity, thereby contributing to economic equity in the tech industry.

Globant's latest modeling, in collaboration with Inmarsat, indicates that existing and evolving satellite technologies could enable a reduction of global greenhouse gas (GHG) emissions by up to 18% by 2040. The report suggests that full adoption of available satellite technology by 2030 could increase this reduction by an additional 9%. The research, covering industries like transport and logistics, hints at significant emission-saving potentials if governments and industries align their investments with satellite solutions.

FTV Capital has appointed six financial services executives to its Strategic Advisory Board, enhancing its Global Partner Network. New members include industry leaders from Liberty Mutual, Silicon Valley Bank, and Citi, among others. This Board will convene biannually to discuss market trends and facilitate connections within FTV’s portfolio. Established in 1999, the Board provides vital market intelligence and strategic introductions for portfolio companies, focusing on themes like supply chain management and healthcare cost containment. FTV has raised $6.2 billion and invested in over 130 companies.

Globant (NYSE: GLOB) is expanding its operations in the Asia-Pacific and Middle East regions by establishing a new business unit named 'New Markets'. This initiative aims to drive digital transformation for local companies. The company also announced leadership changes to strengthen its regional presence, appointing Federico Pienovi as General Manager for the New Markets Region. Following the acquisition of digital commerce consultancy eWave, Globant continues to enhance its capabilities in the region. This expansion aligns with the company's strategic goal of geographic growth.

Globant reported strong third-quarter 2022 results with revenues reaching $458.9 million, marking a 34.2% increase year-over-year. The IFRS diluted EPS rose to $0.84 from $0.60 in Q3 2021, while the non-IFRS diluted EPS increased to $1.27 from $0.98. Despite a decrease in gross profit margins, the company continues to expand its customer base and geographic reach. For the full year 2022, revenues are projected to exceed $1,778 million, indicating year-over-year growth of 37.1%.

Globant (GLOB) has acquired eWave, a leading digital commerce experience consultancy based in Australia, enhancing its digital commerce capabilities and expanding its presence in the Asia Pacific region. The acquisition aims to leverage eWave's expertise in Adobe and Salesforce solutions, facilitating end-to-end digital transformations for global clients. eWave, founded in 2009, operates in multiple countries and has served prominent clients like Nike and Coca-Cola. This strategic move aligns with Globant's growth strategy, reinforcing its position as a leader in digital transformation services.