Globant SA ( (GLOB) ) has released its Q4 earnings. Here is a breakdown of the information Globant SA presented to its investors.
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Globant S.A. is a digitally native company that specializes in transforming businesses through innovative technology solutions, operating primarily in the technology sector with a strong focus on AI-driven reinvention.
In its latest financial results, Globant reported robust growth for the fourth quarter and full year of 2024, with a notable increase in both revenues and adjusted earnings per share. The company achieved a record annual revenue of $2,415.7 million, marking a 15.3% increase year-over-year, and a fourth-quarter revenue of $642.5 million, up 10.6% from the previous year.
Key financial metrics showed steady improvements, with the Non-IFRS Adjusted Diluted EPS reaching $1.75 for the fourth quarter and $6.40 for the full year, reflecting the company’s strategic focus on expanding its service offerings and global presence. Globant’s emphasis on AI and its Studio Network contributed significantly to this growth, positioning the company as a leader in technological innovation.
Globant’s management remains optimistic about maintaining its growth trajectory into 2025, with estimated revenue growth ranging from 9.1% to 12.0% for the fiscal year. The company’s commitment to operational efficiency and market expansion underpins its confidence in continued success in the coming year.
