Globant SA Showcases Strong Growth and Optimistic Outlook

Globant SA (GLOB) has released an update.

Globant SA has reported significant growth with second-quarter revenues climbing to $587.5 million, an 18.1% increase from the previous year, while also experiencing a robust year-over-year growth of 19.4% for the first half of the year. Despite a challenging economic environment, the company maintained strong profitability with an IFRS Diluted EPS of $0.87 for the quarter, and anticipates continued growth with investments in AI and expansion across various regions. The company’s optimistic outlook includes estimated third-quarter revenues of $611.0 million to $617.0 million, and a projected 14.8% to 15.5% revenue growth for fiscal year 2024.

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