Globant SA Reports Steady Growth Amid Challenges

Globant SA ( (GLOB) ) has released its Q1 earnings. Here is a breakdown of the information Globant SA presented to its investors.

Globant SA is a digitally native company that specializes in transforming businesses through innovative technology solutions, operating primarily in the technology sector with a strong focus on AI-driven services.

In its first quarter of 2025, Globant reported a revenue increase of 7% year-over-year, amounting to $611.1 million. Despite a challenging macroeconomic environment, the company maintained healthy profit margins and reported an adjusted diluted EPS of $1.50.

Key financial metrics from the quarter include a slight decline in IFRS gross profit margin to 34.9% from 35.4% the previous year, while the non-IFRS adjusted gross profit margin remained steady at 38%. The company also reported a decrease in IFRS diluted EPS to $0.68 from $1.02 year-over-year, with non-IFRS adjusted diluted EPS slightly down from $1.53 to $1.50. Geographically, North America contributed 55.5% of revenues, with significant contributions from Latin America, Europe, and new markets.

Looking ahead, Globant’s management remains optimistic, focusing on AI-related opportunities and technological transformation. They anticipate continued growth in the second quarter and for the full year, with revenue estimates of at least $612 million for Q2 and $2,464 million for the fiscal year 2025, reflecting a strategic emphasis on maintaining margins and capitalizing on future growth opportunities.