Globant S.A. (NYSE:GLOB ) Q2 2024 Earnings Conference Call August 15, 2024 4:30 PM ET Company Participants Arturo Langa - IR Martin Migoya - Co Founder and CEO Diego Tartara - Chief Technology Officer Patricia Pomies - COO Juan Urthiague - CFO Conference Call Participants Tien-Tsin Huang - JP Morgan Jim Schneider - Goldman Sachs Maggie Nolan - William Blair Bryan Bergin - TD Cowen Jason Kupferberg - Bank of America Jonathan Lee - Guggenheim Divya Goyal - Scotiabank Arvind Ramnani - Piper Sandler Sean Kennedy - Mizuho Surinder Thind - Jefferies Leonardo Olmos - UBS Thiago Kapulskis - Itau Operator Good day and welcome to Globant's Second Quarter 2024 Earnings Conference Call.
Globant (GLOB) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $1.36 per share a year ago.
Globant (GLOB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Globant has maintained a solid revenue growth rate (16%) as customers transition to AI implementation. The company could be a second-stage AI facilitator and surprise the market with higher growth. The consensus forecast of over 18% EPS (cash) growth in 2025 has not been priced in with valuation at 1x PEG.
Globant S.A. GLOB has announced a collaboration with Amazon Web Services (“AWS”) to assist customers in utilizing RISE with SAP solution for upgrading on-premise SAP enterprise resource planning (ERP) systems and migrating to the cloud.
Globant (GLOB) introduces the AI Reinvention Network to drive substantial advancements in business operations and consumer experiences.
Globant (GLOB) integrates proprietary AI Agents into the software development life cycle and accelerates the process of AI adoption among various industries.
Globant (GLOB) launches new Adobe Studio, which harnesses the power of its expertise in generative AI technologies and Adobe's MarTech solution to bolster customer experiences.
Globant (GLOB) posts impressive Q1 2024 results owing to its prominent presence in Latin America and expanded market footprint across various growth sectors.
Globant S.A. (GLOB) Q1 2024 Earnings Call Transcript
Globant (GLOB) came out with quarterly earnings of $1.53 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.28 per share a year ago.