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Globant SA (GLOB)
NYSE:GLOB
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.6Last Year’s EPS
1.53Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: -39.39%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Positive
Globant's earnings call highlights strong growth in AI-related revenue, expansion in new markets, and a robust pipeline. However, there are challenges in Latin America due to political factors and expected revenue impact from the top client. Overall, growth and positive developments outweigh the challenges.Company Guidance
During Globant's Fourth Quarter and Full Year 2024 Earnings Conference Call, the company reported robust financial performance, with annual revenue reaching $2.4 billion, reflecting a 15.3% increase over the previous year. Notably, AI-related projects contributed over $350 million to revenue, marking a 110% growth from 2023. The adjusted operating profit improved by 20 basis points, and the adjusted diluted EPS grew by 11.5% to $6.40. In Q4, total revenue was $642.5 million, showing a 10.6% year-over-year increase and a 4.5% quarter-over-quarter rise. Additionally, the company celebrated a 28.3% compound annual growth rate since its public listing in 2014. Looking forward to 2025, Globant provided guidance of $2.635 billion to $2.75 billion in revenue, a 9.1% to 12% increase, or a 10.6% to 13.5% increase in constant currency, and projected an adjusted EPS between $6.80 to $7.20.AI-Related Revenue Growth
AI-related projects contributed over $350 million to Globant's revenue in 2024, marking a 110% increase from 2023.
Record Annual Revenue
Globant's annual revenue reached $2.4 billion, up 15.3% over the previous year.
Expansion of Client Base
Globant now has 20 clients generating over $20 million in annual revenue, up from 16 clients the previous year.
Regional Growth
Significant growth in new markets, with revenue in the Middle East and Asia Pacific increasing by 43.8% quarter-over-quarter and 89% year-over-year.
Strong Pipeline
Globant's pipeline grew from $2.6 billion to $3.3 billion by the end of 2024, indicating strong future growth potential.
Adjusted Operating Margin Improvement
Adjusted operating margin increased to 15.7%, the highest in the past 8 quarters.
Employee Growth and Training
Total headcount increased to 31,280, a 7.3% increase over last year, with a strong focus on AI training for employees.
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GLOB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GLOB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $210.17 | $151.72 | -27.81% |
| Nov 14, 2024 | $228.79 | $203.29 | -11.15% |
| Aug 15, 2024 | $194.37 | $204.24 | +5.08% |
| May 16, 2024 | $177.73 | $167.75 | -5.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Globant SA (GLOB) report earnings?
Globant SA (GLOB) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is Globant SA (GLOB) earnings time?
Globant SA (GLOB) earnings time is at May 15, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GLOB EPS forecast?
GLOB EPS forecast for the fiscal quarter 2025 (Q1) is 1.6.
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