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On August 15, 2024
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(NYSE:GLOB)
Globant (NYSE:GLOB) is scheduled to announce Q2 earnings results on Thursday, August 15th, after market close. The consensus EPS Estimate is $1.49 (+9.6% Y/Y) and the consensus Revenue Estimate is $586.72M (+17.9% Y/Y).Over the last 2 years, GLOB has beaten EPS estimates 88% of the time and has beaten revenue estimates 100% of the time.Over the last 3 months, EPS estimates have seen 0 upward revisions and 10 downward. Revenue estimates have seen 0 upward revisions and 13 downward. More on Globant Globant: A Second Stage AI Player Globant Faces Slowing Growth Amid Technology Segment Softness Globant S.A. (GLOB) Q1 2024 Earnings Call Transcript Adobe joins Mizuho top picks list for July IBM, Globant have 'compelling risk-reward,' Goldman Sachs says
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Globant S.A. (GLOB) Stock Price, Quote, News & Analysis
Globant S.A., together with its subsidiaries, provides technology services worldwide. It provides digital solutions comprising blockchain, cloud technologies, cybersecurity, data and artificial intelligence, digital experience and performance, code, Internet of Things, metaverse, and engineering and testing; and enterprise technology solutions and services, such as Agile organization, Cultural Hacking, process optimization services, as well as AWS, Google Cloud, Microsoft, Oracle, SalesForce, SAP, and ServiceNow technology solutions. Further, the company provides e-commerce, conversational interfaces, design, digital marketing, and digital product delivery services. Additionally, it operates Augoor, an AI-powered platform; MagnifAI, an AI-powered solution for software quality assurance; StarMeUp, a science-based AI platform; WaaSabi, a finance platform; Walmeric, a lead-to-revenue management platform; GeneXus, a suit of AI development tools; Navigate for process optimization powerhouse; BeHealthy, a white-label platform; and FluentLab, an AI conversational and engagement solution. The company offers its services to various industries, including media and entertainment, professional services, technology and telecommunications, travel and hospitality, banks, financial services and insurance, consumer, retail and manufacturing, health care, and others. The company was formerly known as IT Outsourcing S.L. and changed its name to Globant S.A. in December 2012. Globant S.A. was founded in 2003 and is based in Luxembourg, Luxembourg.
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Globant, a digital technology services company, is set to release its Q2 2024 earnings. Analysts anticipate solid revenue growth despite market headwinds, with focus on AI integration and global expansion.
Globant (NYSE: GLOB), a digital technology services company founded in 2003, specializes in providing innovative software solutions to clients worldwide. Headquartered in Luxembourg, the company has a strong presence in Latin America and has been expanding its global footprint 1. Globant's expertise spans various domains, including artificial intelligence, cloud computing, and digital transformation.
As Globant prepares to release its Q2 2024 earnings report, analysts and investors are keenly watching for signs of continued growth and resilience in a challenging market environment. The consensus EPS estimate stands at $1.47, representing a modest year-over-year increase 2. Revenue projections are optimistic, with expectations of $497.53 million, which would mark a significant 12.6% growth from the previous year.
Several factors are likely to impact Globant's Q2 2024 performance:
AI Integration: Globant's focus on artificial intelligence solutions is expected to be a major driver of growth. The company's AI-powered offerings have been gaining traction among clients seeking to enhance their digital capabilities [1].
Global Expansion: Continued efforts to expand into new markets and strengthen its presence in existing ones may contribute to revenue growth.
Market Challenges: The tech industry has faced headwinds, including economic uncertainties and potential budget constraints among clients. Globant's ability to navigate these challenges will be crucial.
In Q1 2024, Globant reported strong results, surpassing analyst expectations. The company's revenue grew by 17.6% year-over-year, reaching $472.4 million [1]. This performance underscores Globant's ability to maintain growth momentum despite market volatility.
Looking ahead, investors will be particularly interested in:
Guidance Updates: Any revisions to the company's full-year 2024 outlook will be closely scrutinized.
Client Acquisition: Information on new client wins and expansion of existing relationships will provide insights into Globant's market position.
Profit Margins: With the focus on revenue growth, maintaining healthy profit margins will be essential for long-term sustainability.
Globant operates in a highly competitive industry, with rivals including Accenture, Cognizant, and EPAM Systems. The company's performance relative to its peers and its ability to capitalize on emerging trends such as edge computing and blockchain will be of interest to stakeholders [2].
As the tech services sector continues to evolve, Globant's adaptability and innovation in areas like AI and cloud computing will be critical in maintaining its growth trajectory and market position.
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Scotiabank has increased its price target for Globant stock while maintaining a Sector Perform rating. The decision comes after Globant's solid Q2 performance, which has prompted analysts to reassess the company's valuation.
2 Sources
Mizuho Securities reaffirms its Outperform rating on Globant S.A. (NYSE: GLOB), highlighting the company's robust growth prospects despite challenges in the IT sector.
2 Sources
Alphabet is set to report its Q2 2023 earnings, with analysts expecting strong growth in ad revenue and increased focus on AI initiatives. The company's performance in search, cloud, and YouTube segments will be closely watched.
9 Sources
GitLab's Q2 earnings exceed expectations with 31% revenue growth. The company raises its full-year outlook, citing increased demand for AI-driven solutions.
9 Sources
IBM is set to report its Q2 earnings, with analysts closely watching software revenues, consulting growth, and AI initiatives. The tech giant faces challenges in its software segment but shows promise in consulting and AI bookings.
4 Sources