Globant (GLOB) recently signed a strategic partner agreement with Alphabet Inc.’s (GOOGL) Google Cloud. This agreement merges GLOB’s extensive AI expertise with Google Cloud’s cutting-edge infrastructure and artificial intelligence (AI) tools to foster innovation and tackle some of the urgent challenges businesses encounter today, including data silos, process inefficiencies and scalability barriers.The initiative is expected to deliver tailored solutions specifically crafted for the Media & Entertainment, ...

Globant's strategic cooperation with Google Cloud delivers industry-specific solutions tailored to the needs of the Media & Entertainment, Retail, Healthcare, and Finance & Banking sectors. NEW YORK, April 9, 2025 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, has announced a Strategic Partner Agreement with Google Cloud to help more customers utilize the efficiency and scalability of Google Cloud technologies. With ...

Core Insights - Globant has been awarded the 2025 Google Cloud Country Partner of the Year for Argentina and the Talent Development Partner of the Year for Latin America, marking the second consecutive year for the latter award [1][2] Group 1: Awards and Recognition - The awards recognize Globant's achievements in driving sales and delivering outstanding outcomes for Google Cloud customers in Argentina [2][4] - Globant's commitment to training and upskilling its workforce in Latin America on cloud technology is highlighted by its focus on Google Cloud certifications [2][3] Group 2: Workforce Development - Globant's team works with major companies across various industries, providing guidance and training to deliver high-quality Google Cloud solutions [3] - The company has seen strong year-over-year growth in Google Cloud certifications, particularly in Generative AI and data services [3] Group 3: Strategic Collaboration - Globant and Google Cloud have over 15 years of collaboration, focusing on business transformation, platform modernization, and data-driven decision-making [4] - The launch of Globant's Google Cloud Studio in 2023 features a dedicated team of experts in Google Cloud products [4] Group 4: Company Overview - Globant employs over 31,200 people across 35 countries and works with notable clients such as Google, Electronic Arts, and Santander [5] - The company has been recognized as a leader in AI services and cloud service providers by IDC MarketScape [6]

Company Overview - Globant S.A. is a digitally native technology services company focused on creating digital journeys [1] - The company has over 31,200 employees and operates in 32 countries, serving clients such as Google, Electronic Arts, and Santander [2] Recognition and Achievements - Globant was named a Worldwide Leader in AI Services in 2023 and a Worldwide Leader in Media Consultation, Integration, and Business Operations Cloud Service Providers in 2024 by IDC MarketScape [3] - The company was recognized by Brand Finance as the fastest-growing IT brand and the 5th strongest IT brand globally in 2024 [3] - Globant has been featured as a business case study at prestigious institutions such as Harvard, MIT, and Stanford [3] - The company is an active member of The Green Software Foundation and the Cybersecurity Tech Accord [3] Upcoming Events - The Annual General Meeting of Shareholders is scheduled for April 30, 2025, at the company's registered office in Luxembourg [1]

Globant (GLOB) recently introduced the Team Content Delivery System at Melbourne's Formula 1 Louis Vuitton Australian Grand Prix 2025. As an official partner of Formula 1, Globant is committed to developing cutting-edge IT solutions that empower race teams with state-of-the-art tools. The Team Content Delivery System is designed to deliver real-time video streams, synchronized data and intelligent insights, enabling engineers and strategists to make faster and more informed decisions.The Team Content Delive ...

This cutting-edge development aims to enhance the competitive experience of a sport that challenges race teams to perform at their highest potential. Designed with next-generation technology, the Team Content Delivery System focuses on responsiveness and usability facilitating quicker and more informed decision-making during critical race moments. NEW YORK, March 17, 2025 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutio ...

Core Insights - Globant has partnered with the LA Clippers to enhance the fan experience at the Intuit Dome, showcasing a roadmap for the smart stadium revolution globally [1][2][3] Company Overview - Globant is a digitally native company focused on reinventing businesses through innovative technology solutions, with a strong emphasis on AI and immersive technologies [6][7] - The company has over 31,200 employees and operates in 35 countries, working with major brands like Google and Electronic Arts [8] Technology Implementation - The partnership has resulted in an end-to-end technology stack with over 500 features aimed at creating a frictionless entertainment experience for fans [2][5] - Key features include a fan identity platform for personalized experiences, a ticketing system integrated with Ticketmaster, and a mobile application utilizing biometrics for expedited arena entry [5] Performance Metrics - Intuit Dome has experienced a 4-8x faster performance in retail sales due to cashier-less checkout enabled by the mobile app [5] Industry Impact - The innovations at Intuit Dome serve as a model for future smart stadiums and the broader entertainment and hospitality industry, setting new expectations for personalized experiences [3][4]

LUXEMBOURG, Feb. 28, 2025 /PRNewswire/ -- Globant S.A. (NYSE: GLOB), a digitally native technology services company (the "Company"), announced today that it filed its annual report on Form 20-F for the year ended December 31, 2024 (the "2024 Annual Report") with the U.S. Securities and Exchange Commission ("SEC"). The 2024 Annual Report can be accessed by visiting either the SEC's website at www.sec.gov or the Company's website at http://investors.globant.com. In addition, shareholders may receive a hard co ...

Employee Attrition and Talent Management - The total attrition rate among the company's employees was 9.5%, 8.1%, and 16.7% for the years ended December 31, 2024, 2023, and 2022, respectively[40]. - The company faces intense competition for skilled technology professionals, which may lead to a shortage of qualified personnel[41]. - The company’s future growth depends on recruiting and retaining technology professionals and expanding its international operations[45]. - As of December 31, 2024, 12.2% of employees are covered by Collective Bargaining Agreements, which could lead to increased labor costs and operational disruptions[66]. - The company emphasizes attracting and retaining top talent by decentralizing delivery centers and collaborating with universities globally[184]. - The company has a talent pool of over 5 million graduates annually from India and nearly 2 million tech professionals in Latin America, with a focus on digitalization and workforce development[222]. Revenue and Client Dependency - Revenues from fixed-price contracts represented 25.1%, 18.3%, and 15.4% of total revenues for the years ended December 31, 2024, 2023, and 2022, respectively[49]. - The company's largest client, The Walt Disney Company, accounted for 8.7% of revenues in 2024, down from 10.7% in 2022, indicating a potential risk in client dependency[58]. - The top ten clients contributed 29.3% of total revenues in 2024, a decrease from 35.6% in 2022, highlighting increasing revenue concentration risk[58]. - Approximately 58.7% of total revenues in 2024 were generated from clients in the media and entertainment, consumer, retail, manufacturing, and financial services industries, indicating reliance on specific sectors[74]. - 93.7% of the company's revenues for the year ended December 31, 2024, came from existing clients who engaged its services in the prior year[172]. Market Conditions and Economic Risks - The company has experienced rapid revenue growth in the past, but future growth may not be replicable due to global macroeconomic conditions[43]. - The company is subject to risks associated with evolving market conditions and geopolitical factors that could impact its business[37]. - The technology services industry is rapidly changing, making it difficult to predict future performance and increasing investment risk[76]. - The technology services industry is sensitive to economic downturns, with potential demand for services significantly depressed during economic slowdowns, impacting revenues and profitability[104]. - The company operates in over 32 countries, facing risks from economic and geopolitical conditions that could adversely affect its financial condition and results of operations[103]. Competition and Pricing Pressures - The company faces intense competition from larger firms with greater resources, which may lead to pricing pressures and loss of market share[62][63]. - The pricing structures for client contracts are highly dependent on accurate forecasts of costs, which may not always be achievable[48]. - The company’s reliance on short-term contracts with clients may lead to revenue volatility and increased pricing leverage for clients during negotiations[60]. Innovation and Product Development - Significant investments have been made in developing AI-enabled products, but demand for these products may not materialize[56]. - The company must continue to innovate and invest in research and development to remain competitive in the technology services industry[55]. - The cloud IT services market is projected to reach $439 billion by 2028, with the need for external public cloud IT transformation services expected to rise from 60% in 2023 to approximately 80% by 2028[174]. - The market for AI services is projected to reach $609 billion by 2028, with a CAGR of 21.4%[177]. - The company has launched Globant Ventures to promote new entrepreneurs focused on AI, Blockchain, and Future of Work technologies[220]. Financial and Operational Risks - If the company cannot maintain appropriate resource utilization rates, profit margins and revenues may be adversely affected[34]. - The company may require additional capital for future investments or acquisitions, which could lead to dilution of existing shareholders[100]. - The ability to obtain additional capital is subject to uncertainties that could limit business growth and service development[101]. - The company’s cash flows may be adversely affected if it is unable to collect on billed and unbilled receivables from clients[95]. - The company may face immigration or work permit restrictions that could adversely affect its ability to expand its delivery footprint and deploy personnel onsite[129]. Compliance and Regulatory Challenges - The evolving regulatory environment surrounding AI technology may increase compliance costs and impact the company's ability to produce and export products[57]. - Compliance with complex international laws and regulations increases operational costs and poses significant risks to business continuity[122]. - Failure to meet ESG regulations and stakeholder expectations could harm the company's reputation and financial condition[68][73]. - The company may face increased compliance costs and resource strain due to evolving corporate governance and public disclosure requirements[133]. Sustainability and Corporate Responsibility - The company achieved carbon neutrality in 2021 and actively supports carbon-offsetting projects to enhance environmental well-being[213]. - The company has set Science-Based Targets to minimize its carbon footprint and is committed to reducing emissions in alignment with the United Nations Race to Zero Initiative[210]. - The Be Kind initiative focuses on sustainability and community impact, aligning with the United Nations Sustainable Development Goals[202]. - The company has partnered with the Green Software Foundation to establish best practices for sustainable software development, furthering its commitment to reducing carbon footprints[213]. Strategic Acquisitions and Partnerships - Strategic acquisitions are a key part of the company's competitive strategy, with several completed in 2022, 2023, and 2024, but integration risks remain[97]. - The company acquired Exusia, an AI-first digital transformation company, and Blankfactor, a U.S.-headquartered IT services consulting firm, in 2024[162]. - The company has expanded its North American footprint and enhanced its healthcare solutions services by acquiring ExperienceIT, a U.S.-based consultancy with deep healthcare expertise[160]. - The company has established a multi-year partnership with FIFA to expand its FIFA+ content app and sponsor global top football competitions[156]. Shareholder and Market Considerations - The market price of the company's common shares may be highly volatile, influenced by factors beyond its control, including economic conditions and fluctuations in capital markets[130]. - The company has not declared dividends in the past and does not anticipate paying any dividends in the foreseeable future, subject to Luxembourg law[138]. - The ability to declare dividends is contingent on the availability of distributable earnings or reserves, and any future dividends may not be paid more frequently than annually[139]. - Shareholders may experience dilution of their shareholding due to the company's ability to suppress or limit pre-emptive subscription rights on future common share issuances[144].

Globant (NYSE: GLOB ) has nosedived more than 30% within days from the earnings announcement on February 20. A mixed quarterly performance and a lower-than-expected guidance for 2025 are the main reasons; the negative market sentiment hasAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compens ...