GLOBANT S.A Reports Q3 FY2023 Earnings Results on November 16 2023
November 21, 2023
🌥️Earnings Overview
On November 16, 2023, GLOBANT S.A ($NYSE:GLOB) reported its Q3 FY2023 earnings results ending September 30, 2023 with total revenue of USD 545.3 million, a year-over-year increase of 18.8%, and net income of USD 43.8 million, a year-over-year increase of 21.4%.
Share Price
The company’s stock opened at $184.6, and closed at $183.1, down by 1.5% from the prior closing price of $185.9. The data of its quarterly performance showed a decrease in its net income, which might be an alarm for the company to take necessary corrective measures. This increase in its revenue is mainly attributed to the launch of several new products and services, which have been very well-received by customers. Furthermore, the company has also made several strategic investments in technology and innovation, which are expected to bring further future growth in its revenue.
All in all, GLOBANT S.A‘s Q3 FY2023 earnings results show that the company is on the right track to achieve its long-term goals of increasing shareholder value and profitability. While performance has been somewhat disappointing in the short-term, GLOBANT S.A’s management team is confident that its long-term plans will help the company remain successful in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Globant S.a. More…
| Total Revenues | Net Income | Net Margin |
| 2.01k | 155.94 | 9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Globant S.a. More…
| Operations | Investing | Financing |
| 197.52 | -269.3 | -65.68 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Globant S.a. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.39k | 642.54 | 39.95 |
Key Ratios Snapshot
Some of the financial key ratios for Globant S.a are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 37.8% | 39.3% | 10.8% |
| FCF Margin | ROE | ROA |
| 5.1% | 8.1% | 5.7% |
Analysis
GoodWhale has conducted an extensive analysis of GLOBANT S.A.’s financials. According to our Star Chart, GLOBANT S.A has an impressive health score of 10/10, indicating that it has the capability to pay off debt and fund future operations. We classify GLOBANT S.A as a ‘gorilla’, a type of company that has achieved stable and high revenue or earnings growth due to its strong competitive advantage. Investors looking for growth and profitability may be interested in investing in GLOBANT S.A, and while the company is relatively weak on dividend, its strong cashflows and debt position make up for it. Overall, GLOBANT S.A is a strong investment option for those looking to increase their portfolio’s long-term growth potential. More…
Peers
The competition between Globant SA and its competitors is fierce. Each company is striving to be the best in the industry, and they are all fighting for market share. Globant SA is a leading provider of software development and outsourcing services. AudioEye Inc is a provider of web accessibility solutions. Gofore PLC is a provider of digital transformation services. Geovis Technology Co Ltd is a provider of Geographic Information Systems (GIS) solutions.
– AudioEye Inc ($NASDAQ:AEYE)
AudiEye Inc is a publicly traded company that provides digital accessibility solutions for businesses and individuals who are blind or visually impaired. The company has a market cap of 60.79M as of 2022 and a Return on Equity of -113.07%. AudiEye’s mission is to provide equal access to information and opportunity for people with disabilities. The company’s products and services include digital accessibility software, consulting, and training.
– Gofore PLC ($LTS:0CXS)
Gofore Plc is a Finnish provider of digitalization services. The company offers its customers consulting, software development, and training services with the aim of helping them digitalize their businesses. Gofore’s shares are listed on the Nasdaq Helsinki stock exchange.
Gofore’s market cap as of 2022 is 338.78M. The company has a Return on Equity of 14.21%. Gofore’s main competitors include Accenture, Deloitte, and IBM.
– Geovis Technology Co Ltd ($SHSE:688568)
Geovis Technology Co Ltd is a Chinese technology company with a market cap of 15.7 billion as of 2022. The company’s return on equity is 7.63%. Geovis Technology Co Ltd is a leading provider of Geographic Information Systems (GIS) software and services. The company’s products are used in a variety of industries, including government, transportation, utilities, and telecommunications.
Summary
Investors should be encouraged by the quarterly financial results of GLOBANT S.A as it reported total revenue of USD 545.3 million, an 18.8% year-over-year increase, and net income of USD 43.8 million, a 21.4% year-over-year increase. The company exceeded its projections and is showing impressive growth in both its revenue and profits. Going forward, investors should continue to monitor the company’s performance in order to identify potential investment opportunities and assess the sustainability of its financial health.
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