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Globant S.A. - $GLOB STOCK NEWS

Welcome to our dedicated page for Globant S.A. news (Ticker: $GLOB), a resource for investors and traders seeking the latest updates and insights on Globant S.A. stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Globant S.A.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Globant S.A.'s position in the market.

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Globant (NYSE: GLOB) has released its financial results for Q1 2024, reporting revenues of $571.1 million, a 20.9% year-over-year increase. IFRS diluted EPS was $1.02, and Non-IFRS adjusted diluted EPS was $1.53. While the IFRS gross profit margin slightly decreased to 35.4%, the Non-IFRS adjusted gross profit margin stood at 38.0%. The company experienced robust geographic growth, with significant contributions from North America and Latin America.

Cash and cash equivalents decreased by $85.8 million, primarily due to credit facility repayment and M&A payments. The company projects strong growth for Q2 and the full year, with estimated Q2 revenues between $585-$589 million and annual revenues between $2,405-$2,440 million.

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On May 15, 2024, Globant (NYSE: GLOB) launched its Robotics Studio, enhancing its position in the automated robot integration space. This new studio leverages IoT and AI to automate large spaces, optimizing tasks that are dangerous, repetitive, or impossible for humans. Key offerings include RobOps for fleet management, Robotics Prototyping for transformative solutions in industries like logistics and healthcare, and Autonomous Machines powered by advanced computer vision and telemetry. The Robotics Studio is part of Globant's Digital Studio Network, aiming to provide clients with competitive advantages in a dynamic digital landscape.

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Globant (NYSE: GLOB) will announce its first quarter 2024 financial results on May 16th, 2024, after market hours. The company's key executives will discuss the results in a video conference call.

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Globant (NYSE: GLOB) has been recognized by Everest Group as a Star Performer and Leader in the Software Product Engineering Services PEAK Matrix® Assessment 2024. This recognition highlights the company's significant growth in knowledge and offerings, positioning Globant as a top choice for organizations seeking innovation and business transformation. The Star Performer title is awarded to providers showing the most improvement over time on the PEAK Matrix®, considering factors like revenue growth, contract signings, and portfolio enhancements.
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Globant S.A. announces the Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders to be held on May 10, 2024, at the Company's registered office in Luxembourg. Shareholders can access the Convening Notice, agenda, proxy card, and relevant materials on the Company's website.
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Globant (NYSE: GLOB) wins the 2024 Google Cloud Industry Solution Services Partner of the Year Award for Media and Entertainment for the second consecutive year. The company also receives the 2024 Google Cloud Partner of the Year Awards in Latin America for Services and Talent Development. Globant collaborates with Google Cloud to drive innovation and success in the media and entertainment sector.
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ConnexPay appoints Ben Peters as CEO, founder Bob Kaufman transitions to chairman of the board. The company secured a $110 million growth equity investment in 2022. Peters brings extensive experience in payments and software companies. ConnexPay has shown remarkable growth and earned prestigious awards in 2023.
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ParkHub and JustPark, two leading parking solutions providers, agree to merge, creating a robust end-to-end platform serving over 20 million drivers and $1 billion+ in booking volume. The merger is backed by FTV Capital and LLR Partners, aiming to revolutionize the parking ecosystem in North America and the United Kingdom.
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Globant (GLOB) launches 'Taste ID' commercial challenging tech applications, continuing Stuck.in Consultancy Saga, showcasing innovative business transformation.
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Globant launches the 5th edition of Women That Build Awards to recognize women leaders in the tech industry, supported by global partners like AWS, CoachHub, NYSE, and Udemy. Nominations open until April 15 for women in Latin America, Europe, US & Canada, and India. Previous editions involved 6,000 candidates from 50 countries, with global winners receiving recognition and a trip to a Globant-sponsored event in 2025.
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Globant S.A.

NYSE:GLOB

GLOB Rankings

GLOB Stock Data

7.24B
42.10M
2.25%
95.6%
2.21%
Data Processing, Hosting, and Related Services
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About GLOB

we are a new-breed technology services provider focused on delivering innovative software solutions by leveraging emerging technologies and related market trends. we combine the engineering and technical rigor of it services providers with the creative approach and culture of digital agencies. globant is the place where engineering, design and innovation meet scale. in only 11 years, we created a company that: - has more than 3,100 professionals working for companies like linkedin, jwt, zynga, and electronic arts, among several others - was recognized as one of the top 10 innovative companies in south america by fastcompany - was named among the top 10 product engineering vendor (2011) by global services - was recognized among the top 10 vendors in mobile applications development (2012) by idc survey - was included in the 2010 cool vendor in business process services report by gartner - was featured as case study of harvard, mit, stanford and others for more information, visit