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GLOBANT S.A. (NYSE: GLOB) is a pioneering technology services provider specializing in delivering innovative software solutions by harnessing emerging technologies and market trends. Founded in 2003 in Argentina and now headquartered in Luxembourg, Globant is a digitally native company dedicated to aiding clients in their digital transformation journeys. With a workforce of over 29,000 professionals across more than 30 countries, Globant’s services span multiple industries, including media, entertainment, and financial services.
Globant combines the technical precision of IT service providers with the creativity of digital agencies, creating a unique blend of engineering, design, and innovation at scale. Its notable clients include industry giants like Google, Electronic Arts, and Santander. The company has achieved numerous accolades, including being named a Worldwide Leader in Customer Experience (CX) Improvement by the IDC MarketScape report and being profiled as a business case study at prestigious institutions such as Harvard, MIT, and Stanford.
Recent Developments:
Globant recently launched its Connected Experiences Studio, which aims to revolutionize customer interactions by leveraging AI and cutting-edge technology. This new studio focuses on providing end-to-end connected experiences that bridge the gap between the physical and digital worlds. Additionally, Globant reported robust financial performance for the fiscal year ending December 31, 2023, with $2.1 billion in revenue, marking a 17.7% year-over-year growth. The company’s focus on profitability and operational efficiency has resulted in a strong financial position.
Globant continues to expand its service offerings and geographic footprint, driven by acquisitions and strategic partnerships. The company’s latest acquisitions, GUT and Iteris, further bolster its creative and digital capabilities. According to CEO and co-founder Martín Migoya, the company remains optimistic about future growth, emphasizing its strategic focus on AI and generative AI capabilities.
For more information, visit www.globant.com.
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.
Globant (NYSE: GLOB) and Qiddiya Investment Company (QIC) have announced a strategic partnership to develop the Qiddiya 'PLAY LIFE Connected Experience', a digital ecosystem for Saudi Arabia's Qiddiya City entertainment hub. The system will utilize artificial intelligence, data analytics, and cloud technology to create a personalized interface for visitors to book events, manage itineraries, and receive real-time updates. The partnership aims to transform Qiddiya City into one of the world's most immersive entertainment destinations, while also supporting local talent development in line with Saudi Vision 2030.
FTV Capital has been named to Inc.'s Founder-Friendly Investors list for the fourth consecutive year, recognizing private equity and venture capital firms supporting founder-led companies. The firm reported over $900 million in realizations and deployed more than $650 million in new investments across five companies in 2023. Notable achievements include significant recapitalizations of Agiloft and Docupace, sales of Egress to KnowBe4 and Tango to Blackhawk Network, and international expansion with a new London office. FTV ranked #6 globally in the HEC Paris-Dow Jones Growth Capital Performance Ranking.
Globant (NYSE: GLOB) announces the opening of its new office inside the Intuit Dome, home of the LA Clippers, marking its 10th location in the United States. Located just 20 steps from the basketball court, the office features a Digital Playground for hands-on exploration of AI and cutting-edge technology solutions. This strategic move follows Globant's multi-year partnership with the LA Clippers established in October 2022, where Globant serves as the digital transformation partner integrating the digital roadmap for Intuit Dome. The new location strengthens Globant's presence in Southern California, complementing its existing Glendale office established over five years ago.
Globant (NYSE: GLOB) has announced the global winners of the 5th Women that Build Awards. The winners are: Kavitha Krishnan (Tech Executive Winner from India), Margo Jordan (Tech Entrepreneur Winner from USA), and Inés Huertas (Tech Leader Winner from Spain). Since its inception, the Award has received over 350,000 votes and 6,500 candidates, with support from 170+ organizations and 270+ international judges.
Kavitha Krishnan, VP and Head of Innovation Center Network at SAP Labs India, was recognized for her innovative leadership in technology. Margo Jordan, Founder and CEO of Enrichly, was honored for her work in educational technology focusing on youth mental health. Inés Huertas, Global Head of Data & AI at Kairós, was acknowledged for her expertise in Big Data and Machine Learning.
The winners were selected by a panel of judges including Globant leaders and industry partners. They will be recognized at Globant's annual Converge event and featured on the NYSE Billboard in Times Square.
FTV Capital, a sector-focused growth equity firm, and One Mind at Work, a global nonprofit dedicated to workforce mental health, have announced a groundbreaking partnership to advance mental health and wellbeing within high-growth companies in FTV's portfolio. This initiative coincides with World Mental Health Day, which focuses on workplace mental health as its 2024 theme.
Over two years, FTV will sponsor One Mind at Work memberships for its portfolio companies, providing access to comprehensive mental health programs, subject matter experts, and the Mental Health at Work Index. The partnership aims to set a new standard for investment firms supporting growth-stage companies' success and drive systemic change across the industry.
This collaboration underscores FTV's commitment to investing in healthy, growing technology businesses with exceptional cultures, especially in the era of remote and hybrid work. The initiative is expected to benefit thousands of employees within the FTV portfolio and inspire other investment managers to take similar action in supporting mental health in the workplace.
VALD, a global health technology company specializing in musculoskeletal (MSK) health, has secured a significant growth equity investment from FTV Capital. This investment will enable VALD to expand geographically, enhance product capabilities, and cement its position as a global technology pioneer in MSK health.
VALD's comprehensive suite of MSK technologies helps health professionals enhance diagnostic capabilities and capture real-time data, driving better outcomes. The company has shown market-leading growth, with revenue more than tripling since 2021 and staff in over 30 countries. VALD serves global blue-chip customers, including 75% of major league sports franchises, 90% of Power 5 NCAA colleges, and numerous health systems and clinics.
The investment will allow VALD to grow its global team, launch new product offerings, and continue utilizing AI to create unique applications for its proprietary dataset of tens of millions of MSK health records.
ZEMA Global Data has announced plans to acquire Morningstar Commodity Data, a provider of commodities and energy data and insights. This acquisition is set to position ZEMA as a global leader in enterprise data management and analytics for the energy and commodities industry. The transaction, expected to close later this month, will expand ZEMA's portfolio to over 200 enterprises with broader geographic operations.
Key points:
- ZEMA will expand into financial markets while continuing to serve supply chain-intensive corporates, independent traders, and energy and physical commodities sectors.
- The acquisition brings new capabilities such as real-time data and a multi-tenant public cloud distribution platform.
- ZEMA will offer a broad catalog of energy, commodity, and weather data, coupled with client proprietary data.
- The move follows FTV Capital's significant growth equity investment and Andrea Remyn Stone's appointment as CEO.
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