Globant S A Stock Price, News & Analysis

Globant (NYSE: GLOB) reported strong financial results for Q4 and full-year 2024. Fourth quarter revenues reached $642.5 million, up 10.6% year-over-year, while full-year revenues grew 15.3% to $2,415.7 million.

Q4 2024 highlights include IFRS Diluted EPS of $0.85 and Non-IFRS Adjusted Diluted EPS of $1.75. The company maintained healthy margins with Non-IFRS Adjusted Profit from Operations Margin at 15.7%. Globant served 1,012 customers with revenues over $100,000, including 346 accounts generating more than $1 million annually.

For 2025, Globant projects Q1 revenues between $618-628 million (8.2-10.0% growth) and full-year revenues of $2,635-2,705 million (9.1-12.0% growth). The company expects Non-IFRS Adjusted Diluted EPS of $6.80-7.20 for 2025.

Globant (NYSE: GLOB) has announced it will release its fourth quarter and full year 2024 financial results on Thursday, February 20th, 2025, after market close. The company will host a video conference call at 4:30 pm ET on the same day to discuss the results. The call will feature CEO & co-founder Martin Migoya, CFO Juan Urthiague, COO Patricia Pomies, and CTO Diego Tártara.

Globant (NYSE: GLOB) has partnered with Red Sea Global (RSG) to develop a digital program transforming visitor experiences at Saudi Arabia's luxury tourism destination, The Red Sea. The initiative integrates artificial intelligence, IoT, and data analytics to create personalized, real-time interactions for visitors.

The project aims to set new global standards for connected visitor experiences, combining luxury tourism with sustainability. The Red Sea destination currently features five operational world-class resorts, with 11 more planned to open in 2025. By 2030, the destination will expand to include 50 resorts, 8,000 hotel rooms, and 1,000 residential properties, along with luxury amenities.

The partnership aligns with Saudi Arabia's Vision 2030 strategy, focusing on sustainable and technologically advanced tourism. The platform will be available for adoption by destinations worldwide, potentially revolutionizing how travelers interact with destinations and Online Travel Agencies operate.

Orbus Software, a leading SaaS enterprise transformation software provider, has secured a significant growth equity investment from FTV Capital, alongside existing investor SilverTree Equity. The investment will fuel Orbus's U.S. expansion, enhance platform technology and AI capabilities, and strengthen its position in regulated industries.

The company's enterprise architecture platform, OrbusInfinity, helps IT and business leaders manage digital transformation initiatives, reduce costs and risks, and ensure regulatory compliance. Orbus recently acquired Capsifi, a Sydney-based business architecture software provider, strengthening its APAC presence. The company serves notable customers including UPS, AutoZone, and Alaska Airlines, and has been recognized as a leader in the 2024 Gartner Magic Quadrant for Enterprise Architecture Tools.

Faros AI and Globant (NYSE: GLOB) have announced a strategic partnership aimed at accelerating client transformation through AI-based projects. The collaboration introduces an innovative method for measuring team performance and impact within the software development life cycle.

Globant will implement Faros AI's platform globally to optimize engineering workflows, benchmark productivity, and identify improvement opportunities. The platform provides frictionless data consolidation from engineering tools and offers live feedback for continuous workflow enhancement. Faros AI's Lighthouse AI framework delivers root cause analysis and customized recommendations to improve lead times, product quality, and production reliability.

According to Gartner, 50% of software engineering organizations will use software engineering intelligence platforms by 2027, compared to 5% in 2024.

Globant (NYSE: GLOB) has released its 2025 Tech Trends Report, outlining five major technological trends expected to transform industries and daily life. The report highlights Synthetic Humans, which are evolving from simple animations to AI-driven avatars; Quantum Computing, with a market projected to reach $8.6 billion by 2027; Invisible Experiences, focusing on seamless AI integration; Agentic AI, moving towards multi-agent frameworks; and Robotics, with a market expected to grow from $262 billion in 2023 to $346 billion by 2025.

The report emphasizes a shift towards more user-friendly, compassionate, and integrated technology solutions that will fundamentally reshape how we interact with digital systems.

Globant (NYSE: GLOB) reported strong Q3 2024 financial results with revenues of $614.7 million, up 12.7% year-over-year. The company achieved an IFRS Diluted EPS of $0.98 and Non-IFRS Adjusted Diluted EPS of $1.63. For the nine months ended September 30, 2024, revenues rose to $1,773.2 million, representing 17.0% growth. The company served 969 customers, with 331 accounts generating over $1 million in annual revenues. Geographic revenue breakdown showed 55.7% from North America, 21.8% from Latin America, 17.6% from Europe, and 4.9% from New Markets. AI-related initiatives increased by 120% compared to the previous year.

Globant (NYSE: GLOB) announced its annual flagship event CONVERGE AI: Disrupt, Delight, Connect, scheduled for November 21st, 2024. The virtual event will be broadcast in English, Portuguese, and Spanish, focusing on AI's role in business reinvention.

The event features high-profile speakers including Stefano Domenicali (F1), Marcos Galperin (Mercado Libre), Gwyneth Paltrow (goop), and executives from Microsoft, NVIDIA, and Google Cloud. Last year's event attracted over 40,000 virtual registrations.

Globant (NYSE: GLOB) has scheduled its Third Quarter 2024 financial results announcement for Thursday, November 14th, 2024, after market hours. The company will host a video conference call at 4:30 pm ET featuring CEO Martin Migoya, CFO Juan Urthiague, COO Patricia Pomies, and CTO Diego Tártara to discuss the quarterly results. The earnings call will cover the financial period ended September 30th, 2024.