GLOBANT S.A. - GLOB STOCK NEWS

Globant (NYSE: GLOB) announced the hiring of Tania Salarvand as Managing Director, aiming to bolster its North American operations. With over 20 years in various industries, Salarvand previously led the North America East Market for ThoughtWorks, focusing on digital transformation strategies. She holds degrees from the University of Virginia and Johns Hopkins University. Her mission includes driving the company's strategic direction and fostering team growth to achieve sustainable development for employees and stakeholders, according to Chief Business Officer Fernando Matzkin.

Globant (NYSE: GLOB) announced the acquisition of an 80 percent stake in Walmeric, a marketing automation technology firm, on July 8, 2021. This acquisition aims to enhance Globant's digital marketing and sales capabilities, including access to Walmeric's cloud-based lead management platform, Delio. With a strong portfolio in industries like insurance and banking, Walmeric will support Globant's vision of aiding organizations in their digital transformations. The deal includes an option to acquire the remaining stake within three years.

Globant (NYSE: GLOB) launched its Digital Sales Studio on June 23, 2021, aiming to transform traditional sales channels by focusing on consumer-centric strategies and leveraging technology for enhanced business performance. The Studio is designed to assist companies transitioning to online operations and to optimize existing e-commerce practices through data-driven marketing insights. A survey indicated that while 90% of marketers recognize the importance of understanding consumer profiles, only about half are equipped to utilize technology for personalized experiences.

Globant (NYSE: GLOB) has released its latest Sentinel Report, titled "Navigating the Sustainable Business Era," to guide organizations on integrating sustainability into their operations. The report emphasizes the need for a sustainability mindset and addresses five key risks threatening business resilience. It proposes four strategies: increased awareness, conscious leadership, technology for green business, and digital sobriety. The company aims to highlight the urgency of adapting to climate change and embedding sustainability into decision-making processes.

Globant (NYSE: GLOB) announced the launch of BeHealthy, introducing the Earn Your Apple Watch app, designed to enhance health and wellness for customers and employees. This program features a customizable rewards system developed with Apple, integrating Apple Watch's unique capabilities to encourage physical activity. The initiative includes two modes: Earn Your Apple Watch and Earn With Apple Watch, offering refunds and rewards for meeting exercise goals. A pilot program is currently operating in Canada with retailer London Drugs, aiming to drive health engagement while protecting user privacy.

Globant S.A. (NYSE: GLOB) successfully completed its underwritten public offering, issuing 1,380,000 common shares at $214.00 per share. This offering generated total net proceeds of US$286.2 million, including the exercise of additional shares. DLA Piper represented Globant in this fifth follow-on offering, showcasing their capital markets expertise. Globant, a leader in digital transformation with over 17,250 professionals across 18 countries, aims to help organizations innovate and realize their potential.

Globant S.A. (NYSE: GLOB) announced a proposed public offering of 1,000,000 common shares, subject to market conditions. The offering is fully underwritten, with an additional 150,000 shares available for underwriters. Proceeds will support general corporate purposes, capital expenditures, and potential acquisitions. The offering is registered under the SEC's shelf registration statement filed on June 20, 2018. Goldman Sachs, Citigroup, and J.P. Morgan are leading the offering.

Globant reported strong Q1 2021 results with revenues reaching $270.2 million, a 41.0% increase year-over-year. IFRS diluted EPS rose to $0.53, up from $0.35, while non-IFRS adjusted diluted EPS was $0.83, compared to $0.59 in Q1 2020. The gross profit margin improved to 38.2%, and profit from operations margin rose to 11.2%. Looking ahead, Q2 revenues are projected to hit $283 million (54.9% growth), with full-year estimates at $1,135 million (39.4% growth).

Globant (NYSE: GLOB) announced its acquisition of HABITANT, a digital marketing consultancy, on May 12, 2021. This move strengthens Globant's capabilities in digital marketing, paid media, and digital sales, supporting its expansion in Europe. With a team of over 100 consultants, HABITANT works with notable brands like Iberdrola and La Liga. The acquisition aims to enhance Globant's innovation and technology offerings, positioning the company for long-term transformations in digital strategy and business needs.