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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 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.
Globant (NYSE: GLOB) announced that it will release its financial results for Q1 ended March 31, 2021, on May 13, 2021, after market close. CEO Martin Migoya and CFO Juan Urthiague will host a video conference call at 4:30 PM ET to discuss these results. Globant, a leader in digital technology services, employs over 16,250 people across 18 countries, serving clients like Google and Santander. The company has been recognized for its excellence in customer experience improvement services, highlighting its innovative approach in the technology sector.
Globant (NYSE: GLOB) has launched the Digital Disruptors Award to honor individuals leading digital transformation and innovation. CEO Martín Migoya emphasized the growing need for agile, digital-first cultures as businesses face rapid changes. By the end of 2021, Forrester predicts that 30% of Global 2000 companies will have significant digital product portfolios, yet 70% of digital transformation efforts fail. The award's judging panel includes industry leaders, and nominations are open until May 23, 2021, with winners announced on June 24, 2021.
On May 3, 2021, Globant (NYSE: GLOB) announced key appointments in its senior management team aimed at bolstering its growth strategy. Guibert Englebienne has been appointed President of Globant X and Globant Ventures, while Martín Umaran takes on the role of Chief Corporate Development Officer. Patricia Pomies becomes Chief Operating Officer, and Diego Tartara is named Chief Technology Officer. Additionally, Nicolás Kaplun and Federico Pienovi are appointed as Chief Business Officers for Latam and EMEA, respectively. These changes reflect Globant's commitment to innovation and regional expansion.
Globant (NYSE: GLOB) announced an expansion in Miami, Florida, aiming to recruit 150 new employees alongside the existing 90. The company plans to develop a Smart Venues Hub to enhance customer engagement by merging physical and digital experiences using technologies like IoT and AI. This initiative supports Globant's strategy to drive innovation across various sectors, including healthcare and logistics. The Miami hub is positioned to facilitate profound digital transformations for clients, aligning with the city's growing tech ecosystem.
Globant (NYSE: GLOB) has released its latest Sentinel Report, emphasizing the importance of intentional corporate cultures for business transformation. The report highlights how organizations can effectively navigate change through three stages: Listen, Hack, and Foresee Change. With a focus on leveraging artificial intelligence, it suggests that augmented organizations can successfully adapt their processes and culture to meet future challenges. Additionally, Globant positions culture as a valuable asset necessary for driving sustainable growth and innovation in today's rapidly changing business landscape.
Globant S.A. (NYSE: GLOB) has announced its Annual General Meeting of Shareholders (the 'General Meeting') scheduled for April 2, 2021, at its registered office in Luxembourg. In light of the COVID-19 pandemic, the company encourages shareholders to vote by ballot or through a broker, following public health guidance. Relevant materials, including the agenda and proxy card, are available on the company's website. Globant is recognized for its innovative services, employing over 16,250 staff across 16 countries, partnering with well-known companies like Google and Santander.
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