LUXEMBOURG, May 9, 2024 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced it will release results for the first quarter ended March 31st, 2024 on Thursday, May 16th, 2024 after the close of regular market hours.Following the release, Martin Migoya, Globant's CEO & co-founder; Juan Urthiague, Globant's CFO; Patricia Pomies, Globant's COO; and Diego Tártara, Globant's CTO, will discuss the results in a vi ...

The Star Performer title is awarded to providers who have demonstrated the most significant improvement over time on the PEAK Matrix® NEW YORK, April 17, 2024 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced it was recognized by Everest Group as a Star Performer and Leader in the Software Product Engineering Services PEAK Matrix® Assessment 2024.  "The recognition as a Leader in the Software Product En ...

The company also won Partner of the Year Awards in Latin America for Services and Talent DevelopmentSAN FRANCISCO, April 8, 2024 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced that it has received the 2024 Google Cloud Industry Solution Services Partner of the Year Award for Media and Entertainment, marking its second consecutive year winning the award. Google Cloud announced Globant's win at its ann ...

Employee Attrition and Competition - The total attrition rate among the company's professionals was 8.1%, 16.7%, and 18.7% for the years ended December 31, 2023, 2022, and 2021, respectively[39]. - The company faces intense competition for technology professionals, which may lead to challenges in hiring and retaining qualified personnel[40]. - The company may face significant operational strains due to rapid growth in headcount and operations, impacting its results of operations[43]. Revenue and Client Relationships - Revenues from fixed-price contracts represented 18.3%, 15.4%, and 16.9% of total revenues for the years ended December 31, 2023, 2022, and 2021, respectively[47]. - The largest customer, The Walt Disney Company, accounted for 8.7% of revenues in 2023, down from 10.9% in 2021, indicating a trend of decreasing reliance on major clients[55]. - The top ten clients contributed 32.0% of total revenues in 2023, a decline from 39.1% in 2021, highlighting potential revenue concentration risks[55]. - Approximately 40.1% of total revenues in 2023 were generated from clients in the media and entertainment, and banks, financial services, and insurance industries[71]. - The company’s future growth depends on expanding international operations and maintaining existing client relationships while winning new business[44]. Market and Economic Conditions - The company has experienced rapid revenue growth in the past, but future growth may not be replicable due to global macroeconomic conditions[42]. - A downturn in key industries served could materially affect demand for services and overall financial results[72][73]. - Global economic conditions, including sanctions related to geopolitical conflicts, could adversely affect the company's operations and financial condition[101]. - The company faces risks related to economic instability in Latin American countries, which could adversely affect its business operations[105]. Innovation and Technology - The company must continue to innovate and invest in research and development to remain competitive in the technology services industry[52]. - The company has made significant investments in AI and machine learning technologies, but faces uncertainty regarding demand and competition in this rapidly evolving market[54][58]. - The technology services industry is subject to rapid changes, making it difficult to predict future performance and demand for services[74]. - The company plans to expand its product and platform offerings through Globant X, focusing on next-generation products to enhance digital transformation[187]. Regulatory and Compliance Risks - New regulations related to ESG matters may impose additional costs and require significant resources for compliance, potentially affecting financial performance[68][70]. - The company must navigate evolving regulatory environments, particularly concerning AI and climate-related disclosures, which could impact operational capabilities and costs[54][68]. - Compliance with complex international laws and regulations increases the cost of doing business for the company[124]. - The company is subject to various data security and privacy regulations, including GDPR, which can impose fines of up to €20 million or 4% of worldwide revenue for noncompliance[125]. Financial Performance and Risks - If the company cannot maintain current resource utilization rates, its revenues and profit margins may be adversely affected[32]. - The pricing structures for client contracts are highly dependent on accurate forecasts of operating costs, which may be affected by wage inflation[46]. - The company evaluates the financial condition of clients to ensure timely collection of receivables, but macroeconomic conditions could lead to increased defaults and affect cash flows[92]. - The company may require additional cash resources for future investments or acquisitions, potentially leading to dilution for shareholders if additional equity is sold[97]. Strategic Acquisitions and Growth - Strategic acquisitions are a key part of the company's growth strategy, but failures in integration or management of these acquisitions could negatively impact financial performance[94]. - The company has made several acquisitions since 2008, including Cloudshift, Hybrido Worldwide, and an 86% stake in Walmeric, to enhance its technology capabilities and geographic footprint[156]. - In 2023, the company acquired ExperienceIT to strengthen its healthcare offerings and Pentalog to enhance its European expansion[156]. - The company aims to selectively pursue strategic acquisitions to deepen client relationships and expand service offerings[189]. Cybersecurity and Operational Risks - The company has experienced data security incidents in the past, including unauthorized access to its network, which could lead to reputational damage and financial losses[84]. - The company is heavily dependent on the security of its IT networks and those of its clients, with increasing cybersecurity threats posing risks to operations and client data[81]. - Any undetected software defects in the company's solutions could result in liability and litigation, adversely affecting financial condition and reputation[79]. Recognition and Awards - The company was recognized as a Worldwide Leader in Artificial Intelligence Services and Software Engineering Services according to IDC MarketScape vendor assessments in 2023[162]. - The company was named in Fortune's list of the 100 Fastest-Growing Companies in 2023[162]. - The company has been recognized as one of the best places to work in Latin America, particularly in Argentina, Uruguay, and Colombia[163]. Operational Structure and Talent Management - The company has established 39 studios to deliver tailored solutions across various industries, enhancing its competitive advantage[195]. - The company emphasizes attracting and retaining top talent by decentralizing delivery centers and collaborating with universities[188]. - The company has transitioned its 39 Studios into four networks to better serve clients and enhance expertise in emerging technologies[153].

Exhibit 99.1 February 15, 2024 Globant Reports 2023 Fourth Quarter and Full Year Financial Results Solid Finish to the Year and Positive Outlook Ahead • Revenues rose to $2,095.9 million, representing 17.7% year-over-year growth. • IFRS Gross Profit Margin was 36.1% compared to 37.6% for the full year 2022. • Non-IFRS Adjusted Gross Profit Margin was 38.1% compared to 39.2% for the full year 2022. • IFRS Profit from Operations Margin was 9.5% compared to 11.6% for the full year 2022. • Non-IFRS Adjusted Pro ...

Market Opportunity - The worldwide IT services spending is expected to reach $2.1 trillion by 2027[7] - The digital business implementation and refinement service market is expected to reach $237 billion by 2025[7] - Global spending on product engineering and operational technology services is forecasted to reach $334 billion by 2027[9] - 85% of CEOs reported increased investments in digital capabilities, and 77% are increasing investments in IT[5] - 90% of service providers will use generative AI for software development services by 2027[8] - Artificial intelligence software revenue is projected to reach $59.8 billion worldwide by 2025[8] Globant's Performance and Strategy - Globant's LTM Q3'23 total revenue is $2.0 billion[115] - Globant's revenue CAGR from 2014 to 2022 was 31.5%[115] - Globant has 27,500+ total employees as of September 30, 2023[115] - Globant's LTM Q3'23 revenue per IT professional is $79.4K[115]

Financial Data and Key Metrics Changes - In Q2 2023, total revenue reached $497.5 million, marking a record high and representing a 15.9% year-over-year growth and a 5.3% quarter-over-quarter growth [20][73] - Adjusted net income for Q2 was $58.9 million, with an adjusted net income margin of 11.8%, up 10 basis points quarter-over-quarter [91] - The adjusted operating margin for the quarter was 15%, within the guidance range provided earlier [46] - The company expects full-year 2023 revenue to be at least $2.094 billion, indicating a solid 17.6% year-over-year growth [79] Business Line Data and Key Metrics Changes - The Media and Entertainment division experienced a 5.5% growth rate, while Healthcare demonstrated exceptional growth at 18.8% due to the acquisition of ExperienceIT [44][45] - Technology and Telecommunications saw a slight decrease of 5.0%, indicating moderated spending patterns among high-tech clients [44] - The adjusted gross profit margin reached 38.3%, up 10 basis points quarter-over-quarter, with adjusted gross profit increasing to $190.6 million, a 13.5% year-over-year growth [77] Market Data and Key Metrics Changes - In Q2, 60.6% of revenue came from North America, 22% from Latin America, 14.1% from EMEA, and 3.3% from Asia and Oceania [36] - The company reported a healthy pipeline, the largest in its history, with bookings in the first half of 2023 over 40% larger than those in the second half of 2022 [74] Company Strategy and Development Direction - The company aims to expand its regional teams by adding 20,000 professionals over the next five years, focusing on Latin America and recently commencing operations in Portugal [12] - The introduction of new Studios, such as Amazon Web Services and Microsoft, aims to leverage expertise in cloud technologies and enhance service offerings [9][30] - The company is committed to investing in AI development and product offerings, with a focus on enhancing digital experiences and accelerating software development [27][57] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth of the addressable market, estimated to reach up to $8.9 trillion by 2030 [5] - The company anticipates strong sequential growth in Q3 and Q4, with adjusted EPS for Q3 expected to be at least $1.46 [48][92] - Management noted that the current environment shows signs of stabilization, particularly with the largest client, Disney, showing flat sequential performance [36][75] Other Important Information - The company achieved a Net Promoter Score (NPS) of 83, its best ever, indicating high client satisfaction [68] - The annual attrition rate is currently 11.6%, the lowest in the company's history, with a utilization rate of 80.1% [37] Q&A Session Summary Question: Expectations for organic sequential growth - Management indicated that organic sequential growth is expected to improve, with Q2 showing about 4.3% and Q3 projected at around 6% [51] Question: Headcount growth and utilization plans - Management confirmed that headcount is expected to rise in the second half of the year, supported by a strong pipeline and low attrition rates [98] Question: Organic versus inorganic growth contributions - The company estimates organic growth at about 11.3% to 11.4% for the year, with Pentalog contributing approximately 180 basis points to growth [105]

Exhibit 99.1 August 17, 2023 Globant Reports 2023 Second Quarter Financial Results Strong Half-Year Performance, Positive Outlook Ahead LUXEMBOURG / August 17, 2023 - Globant (NYSE: GLOB), a digitally native technology services company, today announced results for the three and six months ended June 30, 2023. Please see highlights below, including certain Non-IFRS measures. Note that reconciliations between Non-IFRS financial measures and IFRS operating results are disclosed at the end of this press release ...

Globant S.A. (NYSE:GLOB) Q1 2023 Results Conference Call May 18, 2023 4:30 PM ET Company Participants Arturo Langa - Head, IR Martin Migoya - Co-Founder, CEO Juan Urthiague - CFO Patricia Pomies - COO Diego Tartara - CTO Conference Call Participants Tien-Tsin Huang - JP Morgan Ashwin Shirvaikar - Citi Maggie Nolan - William Blair Bryan Bergin - TD Cowen Surinder Thind - Jefferies Thomas Blakeley - KeyBanc Phani Kanumuri - HSBC Arturo Langa Good day, and welcome to Globant's First Quarter 2023 Earnings Confe ...

[First Quarter 2023 Results Overview](index=1&type=section&id=First%20Quarter%202023%20Results%20Overview) [Financial Highlights](index=1&type=section&id=1.1%20Financial%20Highlights) Globant reported strong financial performance for Q1 2023, with revenues increasing by 17.7% year-over-year to $472.4 million, while IFRS margins saw a slight decrease, Non-IFRS Adjusted Diluted EPS grew to $1.28, up from $1.19 in Q1 2022 | Metric | Q1 2023 | Q1 2022 | YoY Change | Source | | :-------------------------------- | :------ | :------ | :--------- | :----- | | Revenues | $472.4M | $401.4M | +17.7% | [4, 5] | | IFRS Diluted EPS | $0.84 | $0.86 | -2.3% | [4, 5] | | Non-IFRS Adjusted Diluted EPS | $1.28 | $1.19 | +7.6% | [4, 5] | | IFRS Gross Profit Margin | 35.6% | 38.0% | -2.4 pp | [5] | | Non-IFRS Adjusted Gross Profit Margin | 38.2% | 39.5% | -1.3 pp | [5] | | IFRS Profit from Operations Margin | 9.4% | 12.6% | -3.2 pp | [5] | | Non-IFRS Adjusted Profit from Operations Margin | 15.1% | 16.8% | -1.7 pp | [5] | - Cash and cash equivalents and Short-term investments decreased by **$56.1 million** to **$284.8 million** as of March 31, 2023, primarily due to bonus payments, platform investments, and inorganic expansion initiatives, with the credit facility remaining fully undrawn[5](index=5&type=chunk) [Operational Metrics](index=1&type=section&id=1.2%20Operational%20Metrics) Globant's operational metrics for Q1 2023 show continued growth in its customer base and an increase in the number of high-revenue accounts, alongside a slight shift in geographic revenue distribution and currency denomination | Metric | Q1 2023 | Q1 2022 (LTM) | YoY Change | | :------------------------------------ | :------ | :------------ | :--------- | | Total Globers | 26,288 | 24,504 | +7.3% | | Technology, Design & Innovation Professionals | 24,496 | 23,158 | +5.8% | | Customers Served (Last Twelve Months) | 1,342 | 982 | +36.7% | | Customers with >$1M Annual Revenues (LTM) | 276 | 206 | +34.0% | | Geographic Revenue Breakdown (Q1 2023) | Percentage | | :------------------------------------- | :--------- | | North America (top country: US) | 61.4% | | Latin America (top country: Argentina) | 21.8% | | EMEA (top country: Spain) | 13.4% | | Asia and Oceania (top country: India) | 3.4% | | USD Revenues | 74.8% | | Customer Concentration (Q1 2023) | Percentage of Revenues | | :------------------------------- | :--------------------- | | Top Customer | 9.4% | | Top Five Customers | 24.5% | | Top Ten Customers | 34.8% | [Management Commentary](index=2&type=section&id=1.3%20Management%20Commentary) Globant's CEO highlighted robust Q1 performance driven by strategic growth pillars, including the expansion of Create and Commerce Studios and significant investment in AI through the MINDS program and platforms like MagnifAI and Augoor, while the CFO emphasized industry-leading revenue growth, successful M&A, and a positive outlook for the remainder of 2023, supported by a strong balance sheet - CEO Martín Migoya highlighted strategic growth pillars, including the launch of Create and Commerce Studios to enhance user experience and efficiency, and the consolidation of AI-focused offerings into the **MINDS program**, applying generative AI in **MagnifAI** and **Augoor** platforms[6](index=6&type=chunk) - CFO Juan Urthiague noted industry-leading **17.7% YoY revenue growth**, meeting adjusted operating profit margin guidance, successful M&A in the U.S. and Europe, and confidence in sequential growth for Q2 and a positive full-year outlook, backed by strong balance sheet management[6](index=6&type=chunk) [Business Outlook](index=2&type=section&id=Business%20Outlook) [Q2 and Full Year 2023 Guidance](index=2&type=section&id=2.1%20Q2%20and%20Full%20Year%202023%20Guidance) Globant has increased its guidance for both Q2 and the full fiscal year 2023, projecting continued strong revenue growth and healthy Non-IFRS Adjusted Profit from Operations Margins and Diluted EPS | Metric | Q2 2023 Outlook | FY 2023 Outlook | | :------------------------------------ | :-------------- | :-------------- | | Revenues | At least $496.0M | At least $2,074.0M | | YoY Revenue Growth | 15.5% | At least 16.5% | | Non-IFRS Adjusted Profit from Operations Margin | 15-16% | 15-17% | | Non-IFRS Adjusted Diluted EPS | At least $1.33 | At least $5.71 | | Assumed Diluted Shares Outstanding (Q2/FY) | 43.4M | 43.4M | [Company Information](index=3&type=section&id=Company%20Information) [About Globant](index=3&type=section&id=3.1%20About%20Globant) Globant is a digitally native technology services company focused on helping organizations reinvent themselves through innovation, design, and engineering at scale, boasting over 26,000 employees across more than 25 countries and serving major clients like Google and Santander, earning recognition as a Worldwide Leader in CX Improvement - Globant is a digitally native technology services company with over **26,000 employees** in more than **25 countries**, serving clients such as Google, Electronic Arts, and Santander[9](index=9&type=chunk) - The company has been recognized as a **Worldwide Leader in CX Improvement** by IDC MarketScape and featured as a business case study at Harvard, MIT, and Stanford[10](index=10&type=chunk) [Non-IFRS Financial Measures](index=3&type=section&id=3.2%20Non-IFRS%20Financial%20Measures) Globant provides non-IFRS financial measures in addition to IFRS results to illustrate underlying business trends, manage operations, and evaluate performance, excluding items like share-based compensation, depreciation, amortization, and acquisition-related charges, and are not directly comparable to IFRS or other companies' non-IFRS metrics - Globant provides non-IFRS financial measures to illustrate underlying business trends, establish budgets, and evaluate performance, excluding items such as **share-based compensation**, **depreciation**, **amortization**, **impairment**, and **acquisition-related charges**[12](index=12&type=chunk) - Non-IFRS measures are not calculated according to IFRS and should not be evaluated in isolation but considered alongside comparable IFRS measures[12](index=12&type=chunk) - The company does not provide quantitative reconciliation for forward-looking Non-IFRS Adjusted Profit from Operations Margin or Diluted EPS due to the uncertainty of certain significant items[13](index=13&type=chunk) [Forward-Looking Statements](index=4&type=section&id=3.3%20Forward-Looking%20Statements) This section contains forward-looking statements regarding future financial and operating performance, strategies, and business plans, which are subject to various risks and uncertainties, including resource utilization, talent retention, pricing accuracy, growth management, and global economic conditions, which could cause actual results to differ materially from projections, and investors are cautioned not to rely solely on these statements - The release contains forward-looking statements regarding future financial and operating performance, strategies, priorities, and business plans, identifiable by terms like **'believe,' 'may,' 'will,' 'estimate,' and 'expect.'**[14](index=14&type=chunk) - Actual results may differ materially due to risks and uncertainties, including the ability to maintain resource utilization, attract and retain IT professionals, accurately price contracts, manage rapid growth, retain senior management, innovate, and manage global economic conditions[14](index=14&type=chunk) - Investors should not make investment decisions based on these estimates and forward-looking statements, and the company undertakes no obligation to publicly update them[15](index=15&type=chunk) [Condensed Interim Consolidated Financial Statements](index=5&type=section&id=Condensed%20Interim%20Consolidated%20Financial%20Statements) [Statements of Comprehensive Income](index=5&type=section&id=4.1%20Statements%20of%20Comprehensive%20Income) The Condensed Interim Consolidated Statements of Comprehensive Income provide a detailed breakdown of Globant's revenues, costs, profits, and other comprehensive income for the three months ended March 31, 2023, compared to the same period in 2022 | Metric (in thousands of U.S. dollars) | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :------------------------------------ | :-------------------------------- | :-------------------------------- | | Revenues | 472,421 | 401,378 | | Cost of revenues | (304,124) | (248,967) | | Gross profit | 168,297 | 152,411 | | Selling, general and administrative expenses | (119,357) | (101,638) | | Profit from operations | 44,223 | 50,736 | | Net income for the period | 36,385 | 36,807 | | Total comprehensive income for the period | 43,357 | 34,504 | | Diluted Earnings per share | 0.84 | 0.86 | | Weighted average of diluted outstanding shares | 43,237 | 42,741 | [Statements of Financial Position](index=6&type=section&id=4.2%20Statements%20of%20Financial%20Position) The Condensed Interim Consolidated Statements of Financial Position present Globant's assets, liabilities, and equity as of March 31, 2023, compared to December 31, 2022, showing changes in financial health and structure over the quarter | Metric (in thousands of U.S. dollars) | March 31, 2023 | December 31, 2022 | | :------------------------------------ | :------------- | :---------------- | | TOTAL ASSETS | 2,186,231 | 2,199,460 | | Current assets | 837,464 | 858,225 | | Non-current assets | 1,348,767 | 1,341,235 | | TOTAL LIABILITIES | 563,492 | 643,047 | | Current liabilities | 381,763 | 427,840 | | Non-current liabilities | 181,729 | 215,207 | | Total equity | 1,622,739 | 1,556,413 | [Selected Cash Flow Data](index=8&type=section&id=4.3%20Selected%20Cash%20Flow%20Data) The Selected Cash Flow Data outlines the cash generated from operating, investing, and financing activities for the three months ended March 31, 2023, providing insight into the company's liquidity and cash management | Metric (in thousands of U.S. dollars) | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :------------------------------------ | :-------------------------------- | :-------------------------------- | | Net Income for the period | 36,385 | 36,807 | | Cash flows from operating activities | 33,827 | (22,663) | | Cash flows from investing activities | (46,880) | (51,148) | | Cash flows from financing activities | (25,960) | (13,492) | | Net decrease in cash & cash equivalents | (39,013) | (87,303) | [Supplemental Financial Information](index=9&type=section&id=Supplemental%20Financial%20Information) [Non-IFRS Financial Reconciliations](index=9&type=section&id=5.1%20Non-IFRS%20Financial%20Reconciliations) This section provides reconciliations of IFRS to Non-IFRS financial measures, including adjusted gross profit, selling, general and administrative expenses, profit from operations, net income, and diluted EPS, for the three months ended March 31, 2023 and 2022 | Metric (in thousands of U.S. dollars) | Three Months Ended March 31, 2023 | Three Months Ended March 31, 2022 | | :------------------------------------ | :-------------------------------- | :-------------------------------- | | Gross Profit (IFRS) | 168,297 | 152,411 | | Adjusted gross profit (Non-IFRS) | 180,319 | 158,429 | | Adjusted gross profit margin (Non-IFRS) | 38.2% | 39.5% | | Profit from Operations (IFRS) | 44,223 | 50,736 | | Adjusted Profit from Operations (Non-IFRS) | 71,358 | 67,537 | | Adjusted Profit from Operations margin (Non-IFRS) | 15.1% | 16.8% | | Net income for the period (IFRS) | 36,419 | 36,623 | | Adjusted Net income (Non-IFRS) | 55,404 | 50,800 | | Adjusted Diluted EPS (Non-IFRS) | 1.28 | 1.19 | [Schedule of Key Metrics](index=10&type=section&id=5.2%20Schedule%20of%20Key%20Metrics) This schedule provides a quarterly overview of key operational and financial metrics from Q1 2022 to Q1 2023, including employee counts, geographic and currency revenue distribution, and customer growth and concentration | Metrics | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | | :------------------------------------ | :------ | :------ | :------ | :------ | :------ | | Total Employees | 24,504 | 25,924 | 26,541 | 27,122 | 26,288 | | IT Professionals | 23,158 | 24,410 | 24,922 | 25,331 | 24,496 | | North America Revenues % | 64.1 | 64.5 | 64.9 | 61.7 | 61.4 | | Latin America Revenues % | 23.5 | 23.8 | 21.9 | 22.7 | 21.8 | | EMEA Revenues % | 10.1 | 9.7 | 10.0 | 11.9 | 13.4 | | Asia and Oceania Revenues % | 2.3 | 2.0 | 3.2 | 3.7 | 3.4 | | USD Revenues % | 80.6 | 79.0 | 81.2 | 77.5 | 74.8 | | Top Customer % | 11.0 | 10.5 | 10.7 | 10.8 | 9.4 | | Top 5 Customers % | 28.0 | 25.7 | 24.7 | 25.1 | 24.5 | | Top 10 Customers % | 38.6 | 36.7 | 34.5 | 34.3 | 34.8 | | Customers Served (Last Twelve Months)* | 982 | 1,043 | 1,114 | 1,249 | 1,342 | | Customers with >$1M in Revenues (Last Twelve Months) | 206 | 233 | 255 | 259 | 276 | [Contact Information](index=10&type=section&id=Contact%20Information) [Investor and Media Contacts](index=10&type=section&id=6.1%20Investor%20and%20Media%20Contacts) This section provides contact details for investor relations and media inquiries for Globant - Investor Relations Contact: **Arturo Langa**, investors@globant.com, **+1 (877) 215-5230**[22](index=22&type=chunk) - Media Contact: **Wanda Weigert**, pr@globant.com, **+1 (877) 215-5230**[22](index=22&type=chunk)