Globant S A Stock Price, News & Analysis

Globant (NYSE: GLOB) will announce its fourth quarter and full year results for 2021 on February 17, 2022, after market close. The announcement will be followed by a video conference call at 4:30 PM ET featuring CEO Martin Migoya and CFO Juan Urthiague. With over 21,800 employees globally, Globant serves prominent clients such as Google and Electronic Arts, and has been recognized as a leader in CX improvement services by IDC MarketScape. For further details, visit www.globant.com.

Globant (NYSE: GLOB) has announced its expansion into the DACH region, which includes Germany, Austria, and Switzerland, as part of its European growth strategy. The firm aims to leverage its expertise in various technologies to support digital transformation across key industries such as automotive and pharmaceuticals. With over 21,800 professionals globally, Globant will enhance its capabilities in the region to meet local demand for innovative solutions. This strategic move aligns with its goal to help companies reinvent themselves amid evolving market needs.

Globant (NYSE: GLOB) released its latest Sentinel Report, titled "Imagining the Future of Sales," on Feb. 4, 2022. The report outlines strategies for creating personalized, customer-centric experiences across various industries, driven by the acceleration of digital sales. It emphasizes the need for brands to integrate business, marketing, and technology to optimize customer engagement. Key enablers discussed include Connected Data, Integrated Technology, Collaborative Operating Models, and Omnichannel Media. The report aims to guide companies in enhancing their digital sales processes.

Globant (NYSE: GLOB) has launched its first commercial film titled "Seek Reinvention," developed with GUT Buenos Aires. The film humorously portrays a world lacking key technological advancements across various sectors including finance, education, and entertainment. It emphasizes the need for continuous digital evolution, reflecting Globant's nearly 20 years of experience in helping clients digitally transform. CEO Martin Migoya highlighted the company's role in driving significant digital changes for Fortune 500 companies, aiming to enhance everyday experiences and maintain relevance amid technological shifts.

Globant (NYSE: GLOB) has partnered with PIXELYNX, a music metaverse gaming platform, to leverage emerging technologies for transforming artist-fan interactions. This strategic alliance aims to develop a music, NFTs, and entertainment ecosystem in the metaverse. PIXELYNX, co-founded by musicians like Joel Zimmerman (deadmau5), envisions a platform allowing artists to monetize their creative environments through NFTs and interactive experiences. The collaboration positions Globant to enhance its capabilities in the gaming and music sectors.

Globant (NYSE: GLOB) has announced the establishment of a new advisory board for its North American management team, aimed at driving strategic growth in response to the accelerated digital transformation due to the pandemic. The board consists of experienced professionals from various sectors, including Jennifer Oleksiw (Eli Lilly), Maria Pinelli (EY), and Jeff Schumacher (NAX Group), among others. Their expertise will guide Globant in identifying growth opportunities and informing strategic decisions as the company continues its expansion efforts in North America.

Globant (NYSE: GLOB) has launched its new Reinvention Studios to enhance digital transformation across various industries, including Financial, Travel & Hospitality, and Airlines. This initiative aims to consolidate the company's industry knowledge and support clients in navigating rapid changes in the market. The Reinvention Studios will complement existing Digital Studios, focusing on advanced technologies like the Metaverse, Data & AI, and Blockchain. The move is positioned as a response to evolving customer expectations and aims to drive sustainable business transformations.

Globant reported strong third quarter results with revenues of $341.8 million, a year-over-year increase of 65.0%. IFRS Diluted EPS was $0.60, up from $0.30 in Q3 2020. Non-IFRS Adjusted Diluted EPS reached $0.98, compared to $0.56 a year earlier. The company experienced improved profit margins, with an IFRS Gross Profit Margin of 38.5% and Profit from Operations Margin of 11.6%. Looking ahead, Q4 revenues are projected to exceed $359 million, indicating strong demand and continued growth.

Globant (NYSE: GLOB) announced its definitive agreement to acquire Navint, a leading Lead-to-Revenue Salesforce partner, aimed at enhancing growth and operational efficiency. This acquisition reinforces Globant's Salesforce Studio and expands its expertise in Salesforce Revenue Cloud solutions, following its earlier acquisition of Walmeric. Navint brings a team of 130 specialists proficient in various industries, bolstering Globant's capabilities in digital transformation and maximizing ROI on Salesforce investments. Completion is subject to customary closing conditions.