Globant S A Stock Price, News & Analysis

Globant (NYSE: GLOB) has launched its second global campaign of 2022, titled "Reinventing Consultancy", in collaboration with GUT Buenos Aires. This campaign features two satirical films, "1000 Slides" and "Copy/Paste", aimed at critiquing traditional business consultancy methods. With the tagline "Seek Reinvention", the mission emphasizes agile and innovative processes for digital transformation, catering to Fortune 500 companies. The campaign reflects feedback from clients highlighting Globant's flexibility and engagement compared to other firms.

Globant (NYSE: GLOB) has launched its Retail Studio as part of its Reinvention Studios portfolio, aimed at revolutionizing the retail industry. The studio focuses on enhancing customer engagement through automated supply chain visibility and phygital experiences. It leverages technologies like AI, blockchain, and data analytics to help retailers adapt to rapid market changes. Key offerings include a focus on customer-centric solutions, smart loyalty programs, and operational transformations, enabling retailers to diversify revenue streams through innovative business models.

Globant (NYSE: GLOB) will release its second-quarter results on August 18, 2022, after market hours. This announcement follows the company's ongoing commitment to transparency with its investors. CEO Martin Migoya and CFO Juan Urthiague will host a video conference call at 4:30 PM ET to discuss the results, reflecting the company's emphasis on shareholder engagement. Globant continues to play a significant role in digital transformation, providing services to major corporations globally.

On August 4, 2022, Globant (NYSE: GLOB) launched its Automotive Studio, part of its Reinvention Studios portfolio. This new initiative aims to leverage innovative technology solutions to transform the automotive industry. The studio will provide eight key practices, including Software-Defined Vehicle and Autonomous Driving, to enhance customer experiences and support mobility's digital evolution. Globant's focus is on using cutting-edge technologies like AI and IoT to drive change and create new business models in the automotive sector.

Globant (NYSE: GLOB) announced its first investment from the Be Kind Tech Fund in ping, a voice technology company focused on reducing distracted driving. This initiative aims to enhance road safety by allowing commercial drivers to hear messages read aloud in 105 languages, significantly minimizing texting while driving. The $5 million seed funding will help ping expand its patented technology to gig economy firms worldwide. This investment aligns with the Be Kind Tech Fund's mission to support startups addressing technology misuse, thereby promoting a safer digital environment.

DataArt has secured a $75 million minority growth investment from FTV Capital, marking a significant milestone following its record revenue growth in 2021, which exceeded $290 million. This funding aims to enhance DataArt's global delivery capabilities and innovate in cloud and data software services. Despite the geopolitical risks, the firm demonstrated resilience by hiring over 870 new employees in 2022 and relocating 1,300 staff due to the Ukraine conflict, ensuring uninterrupted service delivery.

Globant has announced the opening of its first office in Toronto, Canada, expanding its presence in North America. This new facility will enhance service offerings to clients in various industries, particularly retail and financial services. The company plans to invest over $20M USD in Canada and create 200 new tech jobs over the next three years. This strategic move aims to strengthen Globant's partnerships and accelerate digital transformation for North American businesses.

Zoovu, an AI-driven e-commerce platform, has secured $169 million in funding led by FTV Capital. This investment aims to enhance Zoovu's market strategy and data-driven product platform primarily in the U.S., addressing the increasing demand for seamless online shopping experiences. As e-commerce grows, with 20% of retail sales attributed to online purchases, Zoovu’s solutions seek to minimize customer confusion and boost conversion rates for brands such as 3M and Microsoft. The company reported 85% growth in 2020 and 70% growth in 2021.