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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) has launched its first commercial film titled "Seek Reinvention," developed with GUT Buenos Aires. The film humorously portrays a world lacking key technological advancements across various sectors including finance, education, and entertainment. It emphasizes the need for continuous digital evolution, reflecting Globant's nearly 20 years of experience in helping clients digitally transform. CEO Martin Migoya highlighted the company's role in driving significant digital changes for Fortune 500 companies, aiming to enhance everyday experiences and maintain relevance amid technological shifts.
Globant (NYSE: GLOB) has partnered with PIXELYNX, a music metaverse gaming platform, to leverage emerging technologies for transforming artist-fan interactions. This strategic alliance aims to develop a music, NFTs, and entertainment ecosystem in the metaverse. PIXELYNX, co-founded by musicians like Joel Zimmerman (deadmau5), envisions a platform allowing artists to monetize their creative environments through NFTs and interactive experiences. The collaboration positions Globant to enhance its capabilities in the gaming and music sectors.
Globant (NYSE: GLOB) has announced the establishment of a new advisory board for its North American management team, aimed at driving strategic growth in response to the accelerated digital transformation due to the pandemic. The board consists of experienced professionals from various sectors, including Jennifer Oleksiw (Eli Lilly), Maria Pinelli (EY), and Jeff Schumacher (NAX Group), among others. Their expertise will guide Globant in identifying growth opportunities and informing strategic decisions as the company continues its expansion efforts in North America.
Globant (NYSE: GLOB) has launched its new Reinvention Studios to enhance digital transformation across various industries, including Financial, Travel & Hospitality, and Airlines. This initiative aims to consolidate the company's industry knowledge and support clients in navigating rapid changes in the market. The Reinvention Studios will complement existing Digital Studios, focusing on advanced technologies like the Metaverse, Data & AI, and Blockchain. The move is positioned as a response to evolving customer expectations and aims to drive sustainable business transformations.
Globant reported strong third quarter results with revenues of $341.8 million, a year-over-year increase of 65.0%. IFRS Diluted EPS was $0.60, up from $0.30 in Q3 2020. Non-IFRS Adjusted Diluted EPS reached $0.98, compared to $0.56 a year earlier. The company experienced improved profit margins, with an IFRS Gross Profit Margin of 38.5% and Profit from Operations Margin of 11.6%. Looking ahead, Q4 revenues are projected to exceed $359 million, indicating strong demand and continued growth.
Globant (NYSE: GLOB) announced its definitive agreement to acquire Navint, a leading Lead-to-Revenue Salesforce partner, aimed at enhancing growth and operational efficiency. This acquisition reinforces Globant's Salesforce Studio and expands its expertise in Salesforce Revenue Cloud solutions, following its earlier acquisition of Walmeric. Navint brings a team of 130 specialists proficient in various industries, bolstering Globant's capabilities in digital transformation and maximizing ROI on Salesforce investments. Completion is subject to customary closing conditions.
Globant (NYSE: GLOB) will announce its third-quarter financial results for the period ending September 30, 2021, on November 18, 2021, after market close. Following the announcement, CEO Martin Migoya and CFO Juan Urthiague will host a video conference call at 4:30 PM ET to discuss these results. Globant, a digitally native technology services company with over 20,000 employees across 18 countries, partners with major companies such as Google and Santander. For more details, visit the company's website or access the earnings call link provided.
Globant (NYSE: GLOB) has launched the BeKindTech Fund, a $10 million initiative aimed at addressing the societal issues arising from technology misuse. The fund invites global tech startups to apply for investments ranging from USD 100K to USD 1 million. The selection will focus on projects that can effectively change user behavior and promote positive practices. CEO Martín Migoya highlighted the importance of ensuring technology serves humanity positively, amidst rising concerns over issues like social media addiction and AI bias.
Globant (NYSE: GLOB) will host a global online event titled CONVERGE: The Power of Reinvention on November 10th at 12pm EST. Hosted by James Corden, prominent speakers include will.i.am and Prof. Yuval Noah Harari, discussing the future of technology in business. The event will cover trends like AI, metaverse, and blockchain, aimed at guiding organizations in leveraging innovation. Free registration is available at CONVERGE website.
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