Globant's Q3 Earnings Meet, Revenues Up Y/Y on Expanded Footprint [Yahoo! Finance]
Globant S.A. Common Shares (GLOB)
Last globant s.a. common shares earnings: 2/20 04:15 pm
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Source: Yahoo! Finance
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Revenues in the quarter totaled $614.7 million, almost in line with the Zacks Consensus Estimate. Total revenues rose 12.7% year over year. Globant's emphasis on artificial intelligence (AI) has been a key growth driver. AI-related initiatives have grown 120% year to date, demonstrating its ability to provide unique, customized experiences to clients and drive positive outcomes. Continued demand for GLOB's services across major markets and industries is a tailwind. For the year ended Sept. 30, 2024, GLOB served 969 customers. Of these, 21 generated more than $20 million in annual revenues. For the same period, GLOB had 331 clients that brought in more than $1 million in annual revenues, up 8.5% from the year-ago level. Its top customer, top five customers and top 10 customers accounted for 9.1%, 21% and 30.1% of revenues, respectively. It exited the third quarter with 29,998 customers, an increase of 9.1%
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News
- Globant S.A. (GLOB): Surging Ahead with AI-Powered Solutions and Global Expansion [Yahoo! Finance]Yahoo! Finance
- Globant S.A. (NYSE: GLOB) had its price target raised by analysts at Scotiabank from $210.00 to $220.00. They now have a "sector perform" rating on the stock.MarketBeat
- Globant S.A. (NYSE: GLOB) had its "hold" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $205.00 price target on the stock.MarketBeat
- Globant Third Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Globant S.A. (NYSE: GLOB) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
GLOB
Earnings
- 11/14/24 - Beat
GLOB
Sec Filings
- 11/21/24 - Form 144
- 11/20/24 - Form 144
- 11/15/24 - Form 6-K
- GLOB's page on the SEC website