GLOBANT S.A Reports Record Breaking Earnings and Revenues

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Globant ($NYSE:GLOB) S.A recently announced record breaking earnings and revenues, which have surpassed analyst expectations. The company reported Non-GAAP earnings per share of $1.28, which was $0.01 higher than the estimated figure. Revenue was also higher than predicted, with $472.42M reported compared to an anticipated $1.35M. Globant S.A is a multinational software and services company based in Buenos Aires, Argentina, with a presence in Europe, North and South America, and Asia-Pacific.

The company specializes in digital customer experience, enterprise modernizations, cloud solutions, and digital marketing. Globant is listed on the New York Stock Exchange (NYSE) and is traded on the Bovespa.

Earnings

In GLOBANT S.A‘s recently released FY2022 Q4 earnings report as of December 31 2022, the company reported record breaking figures. Total revenue for the period was reported to be 490.72M USD, a 29.2% increase from the previous year. Net income was reported to be 39.42M USD, indicating a 35.3% increase on the previous year. Over the past 3 years, GLOBANT S.A has seen total revenue increase from 232.64M USD to 490.72M USD, demonstrating the company’s growth and development within the industry.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Globant S.a. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Globant S.a. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Globant S.a. More…

Key Ratios Snapshot

Some of the financial key ratios for Globant S.a are shown below. More…

Price History

On Thursday, GLOBANT S.A stock opened at $150.8 and closed at $151.7, representing a 0.9% increase from its previous closing price of $150.3. This marks a new record-high for the company, which has seen consistent growth in its financials over the last year. The stellar performance of GLOBANT S.A is attributed to its success in digital transformation initiatives, which has helped the company expand its customer base and attract new business opportunities.

Additionally, the company has implemented cost-cutting measures to help reduce operational costs and increase efficiency. As such, GLOBANT S.A has been able to post strong financial results for the fourth quarter, which has contributed to its record-breaking stock performance. Live Quote…

Analysis

At GoodWhale, we conducted a financial analysis of GLOBANT S.A. and the results indicate that GLOBANT S.A. is a medium risk investment in terms of both financial and business aspects. We have detected two risk warnings in the income sheet, which are non-financial in nature. If you would like to find out more about these risk warnings, please register on goodwhale.com for further information. It is important to remember that a financial analysis of a company is a good way to understand how the company is doing and can help you decide if it is an appropriate investment for you or not. GoodWhale encourages all potential investors to do their due diligence and research a company thoroughly before making any decisions. 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

GLOBANT S.A. is a leading global provider of digital and technology services with a focus on digital transformation. The company recently released its first quarter financial results, showcasing strong performance. Non-GAAP earnings per share (EPS) of $1.28 beat estimates by a penny, while total revenues of $472.42M exceeded expectations by $1.35M. This marks a 2% year-over-year growth in revenue even as the company deals with the ongoing pandemic.

GLOBANT has also made several investments and strategic partnerships to further its growth and expansion plans. The company also has a strong presence in the United States, Europe, and Latin America, indicating potential global growth opportunities for investors.