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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) released its Sentinel Report on September 15, 2022, focusing on blockchain's transformative role across industries. It outlines key applications, benefits, and challenges of blockchain technology. Predictions indicate the agricultural sector's blockchain value will hit $1.48 billion by 2026, while the financial sector comprises 30% of the blockchain market. The report also emphasizes blockchain's potential social impact, enhancing supply chain integrity and providing digital identity solutions.
Patra Corporation has secured a $146 million growth equity investment from FTV Capital, aimed at expanding its customer reach and enhancing automation within the insurance industry. With 16 consecutive years of revenue growth, Patra addresses critical challenges in the $60 billion U.S. insurance market, including an aging workforce and rising operational costs. This funding will facilitate market expansion and technology deployment across its services, leveraging Patra's proprietary PatraOne platform. FTV's expertise in tech-enabled services will support Patra's future product offerings and customer value delivery.
Globant (NYSE: GLOB) has established its "Council of Igniters," the first corporate advisory board exclusively made up of Generation Z members. This initiative aims to infuse the company with innovative perspectives on pressing global issues, including climate change and diversity. During their initial meeting in Buenos Aires, six Latin American influencers shared insights on topics like blockchain, gender equality, and sustainability. The council's goal is to guide Globant's reinvention strategies and enhance its appeal to the upcoming generation of talent.
Globant (NYSE: GLOB) announces the launch of the Women that Build Awards, aiming to recognize women excelling in STEAM fields. This third annual event offers scholarships for leadership programs and features five award categories: Tech Entrepreneur, Digital Leader, Rising Star, Board Executive, and Techfluencer. Judging panels will operate in multiple countries, including the U.S. and UK. Winners will gain exposure on the NYSE Times Square billboard, network with industry leaders, and participate in community-building activities. The initiative addresses the gender gap in tech, emphasizing the importance of female leadership.
Globant (NYSE: GLOB) has launched its Fast Code Studio, which aims to transform software development by optimizing the coding process. This new studio is part of Globant's Digital Studio Portfolio, featuring tools like Augoor, MagnifAI, and GeneXus. The offerings include lead time reduction, total cost optimization, and enhanced business continuity for clients. With over 25,900 employees globally, Globant continues to innovate, responding to increasing digital demands.
Globant (NYSE: GLOB) reported strong Q2 2022 results, with revenues reaching $429.3 million, a 40.6% increase year-over-year. IFRS Diluted EPS stood at $0.87, up from $0.48 in Q2 2021. The company also noted a total of 25,924 Globers and a robust demand for services, particularly in tech, design, and innovation. Revenue projections for Q3 are estimated at least $456 million, indicating a 33.4% growth, while FY 2022 revenues are expected to be over $1,775 million, reflecting a 36.8% increase.
Globant (NYSE: GLOB) has launched its second global campaign of 2022, titled "Reinventing Consultancy", in collaboration with GUT Buenos Aires. This campaign features two satirical films, "1000 Slides" and "Copy/Paste", aimed at critiquing traditional business consultancy methods. With the tagline "Seek Reinvention", the mission emphasizes agile and innovative processes for digital transformation, catering to Fortune 500 companies. The campaign reflects feedback from clients highlighting Globant's flexibility and engagement compared to other firms.
Globant (NYSE: GLOB) has launched its Retail Studio as part of its Reinvention Studios portfolio, aimed at revolutionizing the retail industry. The studio focuses on enhancing customer engagement through automated supply chain visibility and phygital experiences. It leverages technologies like AI, blockchain, and data analytics to help retailers adapt to rapid market changes. Key offerings include a focus on customer-centric solutions, smart loyalty programs, and operational transformations, enabling retailers to diversify revenue streams through innovative business models.
Globant (NYSE: GLOB) will release its second-quarter results on August 18, 2022, after market hours. This announcement follows the company's ongoing commitment to transparency with its investors. CEO Martin Migoya and CFO Juan Urthiague will host a video conference call at 4:30 PM ET to discuss the results, reflecting the company's emphasis on shareholder engagement. Globant continues to play a significant role in digital transformation, providing services to major corporations globally.
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