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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.

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.

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Globant (NYSE: GLOB) has launched its Sports Reinvention Studio to enhance the sports industry's digital transformation. Announced on January 30, 2023, the Studio aims to significantly improve fan engagement through six unique services, including fantasy and e-sports integration, fan engagement strategies, and sponsorship acceleration. With over 20 years of experience, Globant aims to leverage partnerships with organizations like FIFA and LA Clippers to provide cutting-edge solutions. The initiative indicates strong potential for growth and innovation within the sports sector, positioning Globant as a leader in enhancing sports experiences.

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Globant (NYSE: GLOB) announced its acquisition of Vertic, a creative consultancy based in Copenhagen and New York, focusing on life-sciences and B2B marketing. This strategic acquisition aims to enhance Globant's global digital marketing network, establishing its first office in Copenhagen to serve as a hub for Nordic European expansion. Vertic, founded in 2002, is recognized for its innovative digital solutions and counts major companies like Eli Lilly and Microsoft among its clients. The deal positions Globant to capitalize on growth opportunities in the Healthcare and Life Sciences sectors.

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Globant (NYSE: GLOB) is enhancing its partnership with NPower, a nonprofit aiding tech training for veterans and underserved youth. Over the next two years, Globant will offer financial backing, advisory services, and volunteers to benefit approximately 1,500 individuals annually. This initiative aligns with Globant's 'Be Kind to Humanity' mission, affirming its commitment to diversity and inclusion in technology. The partnership aims to empower these communities by providing skills in technology fundamentals and cybersecurity, thereby contributing to economic equity in the tech industry.

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Globant's latest modeling, in collaboration with Inmarsat, indicates that existing and evolving satellite technologies could enable a reduction of global greenhouse gas (GHG) emissions by up to 18% by 2040. The report suggests that full adoption of available satellite technology by 2030 could increase this reduction by an additional 9%. The research, covering industries like transport and logistics, hints at significant emission-saving potentials if governments and industries align their investments with satellite solutions.

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FTV Capital has appointed six financial services executives to its Strategic Advisory Board, enhancing its Global Partner Network. New members include industry leaders from Liberty Mutual, Silicon Valley Bank, and Citi, among others. This Board will convene biannually to discuss market trends and facilitate connections within FTV’s portfolio. Established in 1999, the Board provides vital market intelligence and strategic introductions for portfolio companies, focusing on themes like supply chain management and healthcare cost containment. FTV has raised $6.2 billion and invested in over 130 companies.

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Globant (NYSE: GLOB) is expanding its operations in the Asia-Pacific and Middle East regions by establishing a new business unit named 'New Markets'. This initiative aims to drive digital transformation for local companies. The company also announced leadership changes to strengthen its regional presence, appointing Federico Pienovi as General Manager for the New Markets Region. Following the acquisition of digital commerce consultancy eWave, Globant continues to enhance its capabilities in the region. This expansion aligns with the company's strategic goal of geographic growth.

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Globant reported strong third-quarter 2022 results with revenues reaching $458.9 million, marking a 34.2% increase year-over-year. The IFRS diluted EPS rose to $0.84 from $0.60 in Q3 2021, while the non-IFRS diluted EPS increased to $1.27 from $0.98. Despite a decrease in gross profit margins, the company continues to expand its customer base and geographic reach. For the full year 2022, revenues are projected to exceed $1,778 million, indicating year-over-year growth of 37.1%.

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Globant (GLOB) has acquired eWave, a leading digital commerce experience consultancy based in Australia, enhancing its digital commerce capabilities and expanding its presence in the Asia Pacific region. The acquisition aims to leverage eWave's expertise in Adobe and Salesforce solutions, facilitating end-to-end digital transformations for global clients. eWave, founded in 2009, operates in multiple countries and has served prominent clients like Nike and Coca-Cola. This strategic move aligns with Globant's growth strategy, reinforcing its position as a leader in digital transformation services.

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Globant has announced the launch of its new Enterprise Platforms Studios, integrating its expertise in Salesforce, SAP, and Oracle to enhance business processes and drive innovation. This initiative aims to equip organizations with end-to-end digital transformation services, enabling agility and adaptation in a fast-paced market. The offering includes the Process Optimization Studio, Salesforce Studio, Oracle Studio, and SAP Studio, focusing on efficiency and operational resilience. The launch strengthens Globant's position in the enterprise applications sector.

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Globant (NYSE: GLOB) will release its third-quarter financial results for the period ending September 30, 2022, on November 17, 2022, after market close. Following this, CEO Martin Migoya and CFO Juan Urthiague will hold a video conference call at 4:30 PM ET to discuss the results. Globant is a digitally native technology services company with over 25,900 employees across 21 countries, serving clients such as Google and Electronic Arts. The company has been recognized as a leader in CX Improvement Services by IDC MarketScape.

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FAQ

What is the current stock price of GLOBANT S.A. (GLOB)?

The current stock price of GLOBANT S.A. (GLOB) is $219.54 as of December 23, 2024.

What is the market cap of GLOBANT S.A. (GLOB)?

The market cap of GLOBANT S.A. (GLOB) is approximately 9.4B.

What is Globant S.A.?

Globant S.A. (NYSE: GLOB) is a technology services provider focused on delivering innovative software solutions by leveraging emerging technologies and market trends.

Where is Globant headquartered?

Globant is headquartered in Luxembourg, although it was originally founded in Argentina in 2003.

Who are some of Globant's notable clients?

Globant’s clients include major companies like Google, Electronic Arts, and Santander.

What recent achievements has Globant made?

Globant launched its Connected Experiences Studio and reported $2.1 billion in revenue for 2023, a 17.7% year-over-year growth.

How many employees does Globant have?

Globant has over 29,000 employees working across more than 30 countries.

What industries does Globant serve?

Globant primarily serves the media and entertainment and financial services industries.

What is the focus of Globant's Connected Experiences Studio?

The Connected Experiences Studio aims to enhance customer interactions by leveraging AI and cutting-edge technology to create immersive, personalized user experiences.

What are Globant's recent acquisitions?

Globant has recently acquired GUT and Iteris to strengthen its creative and digital capabilities.

What financial performance did Globant achieve in 2023?

Globant reported $2.1 billion in revenue for 2023, marking a 17.7% year-over-year growth.

Where can I find more information about Globant?

For more information, visit Globant's official website at www.globant.com.

GLOBANT S.A.

NYSE:GLOB

GLOB Rankings

GLOB Stock Data

9.41B
42.12M
2.25%
104.41%
6.02%
Information Technology Services
Technology
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United States of America
Luxembourg