Globant S A Stock Price, News & Analysis

Globant (NYSE: GLOB) has launched its new Digital Performance Studio, designed to enhance organizational resilience and efficiency through data-driven tools. This initiative aims to optimize performance by leveraging Globant's extensive expertise in technology and business. The proprietary Insights platform will allow companies to better understand their teams' performance and satisfaction levels, ultimately assisting leaders in making informed decisions. The Digital Performance Studio is part of Globant's broader Digital Studios portfolio, which includes various specialties like Data & AI and Blockchain.

Globant has expanded its BeKind. Tech Fund by partnering with Endeavor, LAVCA, and Newlab. This $10 million fund aims to address technology's negative impacts, focusing on issues like AI bias and online harassment. These new partners will help enhance the fund's reach, connecting with entrepreneurs and startups dedicated to promoting positive tech usage. Globant believes in collective efforts to facilitate technological change that benefits society and the environment.

On March 30, 2022, Globant announced unauthorized access to a limited section of its code repository. The company has activated security protocols and is conducting a thorough investigation. So far, only certain source code and project-related documentation for a small number of clients have been accessed, with no evidence of compromise to broader infrastructure or client systems. Globant is implementing strict measures to prevent future incidents.

Globant (NYSE: GLOB) has been certified as a Great Place to Work in multiple countries including the United States, Uruguay, Argentina, Colombia, and India. This recognition highlights the company’s commitment to fostering a diverse, inclusive, and healthy work environment. Survey results showed that 92% of employees in the U.S. trust management, while 98% in Uruguay feel they are treated fairly. Globant aims to support the personal and professional growth of its employees, reinforcing its global presence.

Globant (NYSE: GLOB) has partnered with Amazon Web Services (AWS) to launch AWS for Games, a service designed to assist game developers in creating immersive gaming experiences. This collaboration aims to leverage AWS's extensive technology to meet increasing demands for speed and efficiency in game development. By providing a robust cloud infrastructure and innovative solutions, Globant seeks to empower its gaming industry clients to enhance player experiences and simplify the development process.

FTV Capital has successfully closed FTV VII, its largest fund to date, with commitments of $2.3 billion. This oversubscribed fund will enable FTV to invest in high-growth companies, particularly within enterprise technology and financial services. So far, FTV has raised $6.2 billion across its funds, with over $4 billion invested in 130 companies. Notable portfolio companies include Enfusion (NYSE: ENFN) and Globant (NYSE: GLOB). The firm aims to continue driving growth for its portfolio through strategic investments.

Globant S.A. (NYSE: GLOB) will hold its Annual General Meeting of Shareholders and an Extraordinary General Meeting on April 22, 2022. The meetings will take place at the company's registered office in Luxembourg. Important materials, including the agenda and proxy card, are available on the company's website. Globant, with over 23,500 employees across 18 countries, serves major clients like Google and Santander. Recognized as a leader in CX improvement, it has been featured in prominent business case studies.

Globant S.A. (NYSE: GLOB) announced the filing of its 2021 Annual Report on Form 20-F with the SEC on February 28, 2022. This report outlines the company's financial performance for the year ended December 31, 2021. Shareholders can access the report via the SEC website or the company's site. Hard copies of the audited financial statements are available upon request. Globant, with over 23,500 employees in 18 countries, serves clients like Google and Santander.

Globant announced strong financial results for Q4 2021, with revenues reaching $379.8 million, a 63.3% increase year-over-year. The company reported an IFRS Diluted EPS of $0.68 and a Non-IFRS Diluted EPS of $1.07. For the full year, revenues hit $1,297.1 million, up 59.3% year-over-year, with IFRS Diluted EPS at $2.28. For 2022, Globant forecasts revenues of at least $1,751 million with a growth rate of 35%. The company maintains a strong demand environment, aimed at sustaining industry-leading growth.