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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) has filed its 2022 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. The report details financial performance and can be accessed via the SEC's website or Globant's investor relations page. Shareholders can request a free hard copy of the complete audited financial statements. Globant, a leader in technology services, employs over 27,000 staff across more than 25 countries, serving prominent clients like Google and Electronic Arts. The company focuses on innovation and digital transformation.
Globant reported strong financial results for Q4 2022, achieving revenues of $490.7 million, up 29.2% year-over-year. The IFRS Diluted EPS for the quarter was $0.91, compared to $0.68 in Q4 2021. For the full year, revenues reached $1,780.2 million, marking a 37.3% year-over-year increase, with an IFRS Diluted EPS of $3.47. The company estimates Q1 2023 revenues to exceed $470 million, reflecting 17.1% growth, while projecting fiscal year 2023 revenues of at least $2,065 million, a growth of 16%. The strong demand for digital transformation presents significant opportunities for expansion.
Globant (NYSE: GLOB) has released its 2023 Tech Trends Report, highlighting four pivotal technologies: Artificial Intelligence, Metaverse, Blockchain, and Foundational Tech. This report emphasizes the importance of these technologies in helping organizations innovate and address consumer needs effectively. As businesses navigate both disruptive and stable environments, the report advocates for flexible paths and significant investments in technology. Globant continues to be recognized for its contributions, with over 26,500 employees and collaborations with major companies like Google and Santander.
Globant (NYSE: GLOB) has announced it will release its financial results for the fourth quarter and full year ended December 31, 2022, on February 16, 2023, after market hours. CEO Martin Migoya and CFO Juan Urthiague will host a video conference call at 4:30 PM ET to discuss the results. Globant is a leader in digital transformation with over 26,500 employees across 20 countries, serving clients like Google and Electronic Arts. The company was named a Worldwide Leader in CX Improvement Services by IDC MarketScape and has been recognized in various prestigious institutions.
Globant (NYSE: GLOB) has announced an upgrade to its AI-powered Low Code platform, GeneXus, integrating Large Language Model (LLM) technology. This enhancement allows for faster creation and maintenance of enterprise software solutions. With the new AI Assistant, professionals can now use natural language inputs to design complex workflows, generate UIs from sketches, and utilize audio instructions for system functionalities. The invitation-only access to GeneXus Next will be available soon, further positioning Globant as a leader in AI-driven software development. CEO Martin Migoya emphasizes that this innovation will help businesses reinvent their operations and achieve sustained growth.
Globant, listed on NYSE:GLOB, announced a $1 million investment from its Be Kind Tech Fund in Polemix, a pioneering Web3 platform aimed at transforming discussions on vital social issues. The fund, focused on supporting startups mitigating technology's adverse effects, has also partnered with Seaya and E2E. Polemix allows influential leaders to share opinions and engage supporters through Proof of Support tokens. The platform promotes civil discourse by rewarding respectful dissent and highlights significant figures like Cornel West and Steven Pinker. This investment enhances Globant's commitment to innovative technology solutions and responsible engagement.
Globant (NYSE: GLOB) has launched its Sports Reinvention Studio to enhance the sports industry's digital transformation. Announced on January 30, 2023, the Studio aims to significantly improve fan engagement through six unique services, including fantasy and e-sports integration, fan engagement strategies, and sponsorship acceleration. With over 20 years of experience, Globant aims to leverage partnerships with organizations like FIFA and LA Clippers to provide cutting-edge solutions. The initiative indicates strong potential for growth and innovation within the sports sector, positioning Globant as a leader in enhancing sports experiences.
Globant (NYSE: GLOB) announced its acquisition of Vertic, a creative consultancy based in Copenhagen and New York, focusing on life-sciences and B2B marketing. This strategic acquisition aims to enhance Globant's global digital marketing network, establishing its first office in Copenhagen to serve as a hub for Nordic European expansion. Vertic, founded in 2002, is recognized for its innovative digital solutions and counts major companies like Eli Lilly and Microsoft among its clients. The deal positions Globant to capitalize on growth opportunities in the Healthcare and Life Sciences sectors.
Globant (NYSE: GLOB) is enhancing its partnership with NPower, a nonprofit aiding tech training for veterans and underserved youth. Over the next two years, Globant will offer financial backing, advisory services, and volunteers to benefit approximately 1,500 individuals annually. This initiative aligns with Globant's 'Be Kind to Humanity' mission, affirming its commitment to diversity and inclusion in technology. The partnership aims to empower these communities by providing skills in technology fundamentals and cybersecurity, thereby contributing to economic equity in the tech industry.
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