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Globant: AI Growth Tempered By Cost-Takeout And LatAm Headwinds
Seeking Alpha· 2025-04-30 16:47
He also leads the investing group IPO Edge , which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to init ...
Globant to support YPF in the acceleration of its digital transformation by applying artificial intelligence
Prnewswire· 2025-04-30 14:39
BUENOS AIRES, Argentina, April 30, 2025 /PRNewswire/ -- Horacio Marín, President and CEO of YPF -leading energy company of Argentina and largest shale oil operator in the world outside the United States- and Martín Migoya, Co-founder and CEO of Globant -a digitally native company focused on reinventing businesses through innovative technology solutions- have signed a Memorandum of Understanding (MoU) that marks a significant milestone in the transformation of YPF's Supply Chain operations. Globant to su ...
GLOB & GOOGL Forge Alliance to Propel AI Innovation Across Industries
ZACKS· 2025-04-11 13:35
Group 1: Partnership and Strategic Initiatives - Globant (GLOB) has signed a strategic partnership agreement with Alphabet Inc.'s Google Cloud to combine GLOB's AI expertise with Google Cloud's infrastructure and tools, addressing challenges like data silos and scalability barriers [1][3] - The collaboration aims to deliver tailored solutions for sectors including Media & Entertainment, Retail, Healthcare, and Finance & Banking, featuring offerings such as identity management, GenAI-enabled modernization, and AI-driven workflows [2][3] Group 2: Financial Performance and Projections - In the last reported quarter, Globant's revenues grew by 10.6% year over year, reaching $642.5 million, with AI-based projects generating $350 million in annual revenues, marking a 110% increase year over year [6] - For 2025, GLOB projects revenues between $2.635 billion and $2.705 billion, indicating a year-over-year growth of 9.1% to 12.0%, driven by strong momentum in AI initiatives [7] Group 3: Commitment to AI and Innovation - Globant is focused on enhancing its AI capabilities and customer experience services, leveraging over 20 years of experience in advanced technologies to support businesses in their digital transformation [4][5] - The company is strengthening its position in AI-driven sectors by integrating advanced AI solutions with creative technology through its Globant GUT initiative [5][6]
Globant Signs Strategic Partner Agreement with Google Cloud to Facilitate AI and Cloud Transformations
Prnewswire· 2025-04-09 13:01
Core Insights - Globant has entered a Strategic Partner Agreement with Google Cloud to provide industry-specific solutions for sectors such as Media & Entertainment, Retail, Healthcare, and Finance & Banking [1][3][4] - The collaboration focuses on leveraging Google Cloud's AI tools to address challenges like scalability, siloed data, and process inefficiencies faced by enterprises [2][4] Company Overview - Globant is a digitally native company with over two decades of experience in leveraging advanced technologies to assist businesses in achieving digital transformation goals [5][8] - The company employs more than 31,200 individuals across 35 countries and has worked with notable clients including Google, Electronic Arts, and Santander [8] Strategic Goals - The partnership aims to enhance the deployment and management of generative AI projects, enabling businesses to utilize Google Cloud's infrastructure effectively [4] - Globant is committed to investing in its core competencies in AI and customer experience improvement services while expanding its collaboration with Google Cloud [4] Industry Impact - The strategic cooperation is expected to unlock innovative business value through solutions such as frictionless identity management, GenAI-enabled mainframe modernization, and intelligent agentic workflows [3][4] - The collaboration is positioned to drive digital transformation in key industries by providing new tools that enhance customer experiences [4]
Globant Wins 2025 Google Cloud Country Partner of the Year Award in Argentina and Talent Development Partner of the Year for Latin America
Prnewswire· 2025-04-08 19:57
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]
Globant to Hold its Annual General Meeting of Shareholders on April 30, 2025
Prnewswire· 2025-03-28 20:45
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 Transforms Racing by Powering Formula 1's 2025 Content System
ZACKS· 2025-03-18 14:10
Core Insights - Globant has launched the Team Content Delivery System at the 2025 Formula 1 Australian Grand Prix, enhancing race teams' capabilities with advanced IT solutions [1] - The system integrates over 30 video channels and audio sources, providing a comprehensive race intelligence platform that allows for near real-time analysis and sharing of critical moments [2] - Key features include on-premises video processing, cloud delivery, advanced data normalization, and a user-friendly interface designed for engineers and strategists [3] Performance Enhancements - The new system significantly reduces response times, with live connections now taking less than 5 seconds compared to the previous 9 seconds, and remote access taking about 6 seconds [4] - This improvement enables teams to react more swiftly to race events, thereby minimizing decision-making delays [4] Financial Performance - Globant's investment in artificial intelligence has led to a 10.6% year-over-year revenue growth, reaching $642.5 million, with AI-based projects generating $350 million in annual revenues, a 110% increase year-over-year [5] - Despite a 1.5% negative impact from foreign exchange on revenue growth, the company projects revenues between $2,635 million and $2,705 million for 2025, indicating a year-over-year increase of 9.1% to 12.0% [6] Market Position - Currently, Globant holds a Zacks Rank of 3 (Hold), with its shares declining by 34.2% over the past year, contrasting with a 10.5% growth in the sub-industry [7]
Every second counts: Formula 1 Implements Globant's New Team Content Delivery System in 2025, revolutionizing the racing experience
Prnewswire· 2025-03-17 12:00
Core Insights - Globant launched the new Team Content Delivery System for the 2025 Formula 1 season, enhancing the competitive experience for race teams [1][2] - The system provides real-time and archived video and data analysis, enabling critical decision-making during races [2][5] - The partnership between Globant and Formula 1 aims to improve digital capabilities and enhance the overall experience for fans and teams [5][7] Technology Features - The Team Content Delivery System integrates over 30 video channels with various audio sources, allowing for immediate replay analysis and live response [3][6] - It is designed for increased availability, responsiveness, and resiliency, with expected response times reduced from 9 seconds to under 5 seconds for live connections [6] - Key features include on-prem video ingestion, cloud delivery pipelines, data normalization, and a new user interface for enhanced usability [9] Partnership Impact - The collaboration between Globant and Formula 1 is positioned as a significant milestone, with expectations for future innovations to enhance the sport [4][5] - The system is intended to create deeper connections with fans and improve the overall drama and excitement of Formula 1 events [7]
Globant Revolutionizes Immersive Entertainment, Showcased at Intuit Dome
Prnewswire· 2025-03-06 19:29
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]
Globant Files Annual Report for 2024
Prnewswire· 2025-02-28 22:44
Company Overview - Globant S.A. is a digitally native technology services company that focuses on helping organizations reinvent themselves and unleash their potential [2] - The company employs over 31,200 individuals and operates in 32 countries, serving notable clients such as Google, Electronic Arts, and Santander [2] Recent Developments - Globant filed its annual report on Form 20-F for the year ended December 31, 2024, with the U.S. Securities and Exchange Commission [1] - The 2024 Annual Report is accessible on the SEC's website and Globant's investor relations page, with hard copies of audited financial statements available upon request [1] Industry Recognition - 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]