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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 has launched a new Metaverse Studio, becoming the first tech services company to specialize in the metaverse. This initiative aims to provide organizations with innovative solutions to harness opportunities within the metaverse. Over 2000 skilled professionals will support this effort, focusing on digitalization, media, gaming, and blockchain. Globant will host a panel at its Converge event on November 10th, discussing the metaverse's impact on businesses. CEO Martín Migoya emphasizes that these digital spaces will enhance engagement and allow brands to innovate their customer interactions.
Globant (NYSE: GLOB) has joined the Green Software Foundation, an initiative formed in May 2021, aimed at promoting sustainable software practices to combat climate change. This move is part of Globant's ongoing commitment to sustainability, building on its Net Zero Roadmap that aims for carbon neutrality by year-end 2021. Santiago Fontanarrosa, VP of Technology at Globant, emphasizes the company's responsibility to create greener technology. The organization now includes 14 members, collaborating to share best practices in reducing carbon emissions from software development.
Globant (NYSE: GLOB) has acquired Atix Labs, a blockchain-focused professional services company, to enhance its capabilities in the rapidly expanding blockchain market, projected to grow tenfold by 2025. This acquisition aims to fortify Globant's offerings across various sectors, including Finance, Healthcare, and Supply Chain. Atix Labs, founded in 2013 and based in Argentina, has a strong client base, including Fortune 500 companies. The integration is anticipated to be seamless, leveraging both companies' strengths to deliver innovative solutions to clients.
Dock, a leader in financial technology infrastructure across Latin America, has strengthened its Board of Directors by appointing three executives from prominent global companies, including Airbnb, Billtrust, and Globant. The new members are Sam Shrauger, Global Head of Payments at Airbnb, Mark Shifke, CFO of Billtrust, and Patricia Pomies, COO of Globant. This expansion follows Dock's rebranding from Conductor and aims to leverage their industry expertise to enhance Dock's position within the digital payments market.
FTV Capital has announced strategic promotions and new hires to enhance its business development, marketing, and investor relations capabilities.
Globant (NYSE: GLOB) has launched the annual Women That Build Awards, aimed at recognizing women who significantly impact the technology sector. The nomination process is now open, with categories including Inspiring Executive, Digital Leader, Tech Entrepreneur, and Rising Star. The initiative follows last year's success, which garnered over 12,000 nominations globally. Finalists will be announced on December 3rd, reflecting Globant's commitment to closing the gender gap in the tech industry.
Globant (NYSE: GLOB) reported impressive results for Q2 2021, with revenues of $305.3 million, reflecting a 67.1% increase year-over-year. IFRS diluted EPS was $0.48, up from $0.26 a year prior. The company also reported strong margins: IFRS gross profit margin at 38.0% and adjusted gross profit margin at 39.3%. For the first half of 2021, revenues reached $575.4 million, up 53.7%. Globant's positive outlook anticipates Q3 revenues of at least $325 million and full-year revenues of $1,236 million, indicating a 51.8% growth for 2021.
Globant (NYSE: GLOB) has launched its Digital Lending Studio to revolutionize the consumer lending experience. This initiative follows the acquisition of Bluecap's team and aims to enhance data-driven decision-making while reducing operational costs. The global lending market is expected to reach USD 8809.55 billion by 2025, positioning the studio favorably for future growth. Key features include Smart Underwriting, AI monitoring, and Digital Collections, all designed to optimize customer experience.
Globant (NYSE: GLOB) will announce its second-quarter financial results for the period ending June 30, 2021, on August 12, 2021, after market close. Following the announcement, CEO Martin Migoya and CFO Juan Urthiague will discuss the results in a video conference at 4:30 PM ET. Globant is a technology services company with over 17,250 employees across 18 countries, serving major clients including Google and Santander. The company has been recognized as a leader in CX Improvement Services by IDC MarketScape.
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