Globant S A Stock Price, News & Analysis

Globant (NYSE: GLOB) is set to host Tech N' Fest 2022 on June 1 in Mexico City, with over 7,000 participants already registered. This hybrid event connects technology, creativity, and innovation through talks and panels on various topics including Gaming, AI, and NFTs. Key speakers include industry leaders from Augoor, Open Pay Mexico, and META. The event aims to foster community engagement and showcase technological advancements. Registration for both in-person and online participation remains open.

Globant (NYSE: GLOB) announced expansion of its Be Kind Tech Fund partnerships with The George Washington University, Riverwood Capital, IDB Lab, and Nazca. This corporate venture fund, focused on supporting startups addressing technology misuse, aims to amplify its global impact through collaboration with educational and nonprofit sectors. The partnership emphasizes addressing issues like AI bias and online harassment while fostering innovative tech solutions.

Globant (NYSE: GLOB) reported strong Q1 2022 results, with revenues reaching $401.4 million, signifying a 48.6% year-over-year growth. The IFRS Diluted EPS was $0.86, while Non-IFRS Diluted EPS stood at $1.19. The Gross Profit Margin slightly decreased to 38.0%, and Profit from Operations Margin improved to 12.6%. For Q2 2022, estimated revenues are expected to be at least $425.5 million, reflecting a 39.4% growth rate. The forecast for the full year is set at $1,768 million, or 36.3% growth.

Globant (NYSE: GLOB) has launched its Smart Payments Studio to aid companies in developing innovative payment solutions. This initiative incorporates technologies like Blockchain, Metaverse, and Gamification. The Studio offers services in Digital Commerce, Alternative Payments, Rewards & Loyalty, and Payments & Card Analytics, focusing on enhancing user experiences and driving business growth. With over 23,500 employees across 18 countries, Globant continues to position itself as a leader in digital transformation.

FTV Capital has appointed Kapil Venkatachalam as partner, focusing on investments in B2B software and technology-enabled services. This move follows FTV's successful close of a $2.3 billion fund in March 2022. With over 15 years at TCV, Kapil’s expertise aims to enhance FTV's investment strategy amidst growing demand for innovative solutions. FTV Capital, founded in 1998, has raised $6.2 billion and invested in over 130 companies, including Enfusion (NYSE: ENFN) and Globant (NYSE: GLOB).

Globant has launched its new EdTech Studio, aimed at transforming the education sector by leveraging technologies like AI, Big Data, AR, and VR. The studio will offer strategic consulting and end-to-end digital solutions to enhance lifelong learning experiences. Key features include using AI to identify learner challenges and Big Data for measuring progress. Globant's CTO, Diego Tártara, emphasizes the need for innovative educational approaches to improve engagement and retention. This new studio joins the company's suite of industry-focused Reinvention Studios.

Globant (NYSE: GLOB) will release its first-quarter financial results for 2022 on May 19th, 2022, after market close. Following the release, CEO Martin Migoya and CFO Juan Urthiague will host a video conference call at 4:30 PM ET to discuss the results. With over 23,500 employees across 18 countries, Globant specializes in digital technology services, helping organizations innovate and grow. The company has partnerships with major firms like Google and Santander and was recently recognized as a leader in CX improvement services by IDC MarketScape.

Globant (NYSE: GLOB) appointed Andrea Mayumi Petroni Merhy to its Board of Directors during its annual general meeting on April 22, 2022. Ms. Petroni Merhy brings extensive international business experience, currently serving as Managing Director at JPMorgan Chase, where she holds multiple leadership roles. Her appointment aims to strengthen Globant's strategic direction and support its growth in digital transformation. With her addition, the Board will now consist of nine members, enhancing Globant's leadership.

Plate IQ appoints Andy Roberts as chairman of the board to accelerate its growth in the hospitality software and payments sector. With over 40 years of B2B payments experience, Roberts previously led VPay and Fleet One. His leadership is expected to enhance Plate IQ's strategy in digital payments, targeting verticals like restaurants and hotels. The company processes over $1 billion in vendor payments annually and serves more than 20,000 customers. This appointment is seen as pivotal for capitalizing on the shift to automated workflows amid ongoing labor shortages.