Globant Reports 2024 Fourth Quarter and Full Year Financial Results

Core Insights - Globant reported a strong financial performance for Q4 and the full year 2024, with revenues reaching $642.5 million for the fourth quarter, representing a 10.6$2,415.7 million for the full year, up 15.3% year-over-year [6][9][20] - The company emphasized its strategic investments in AI over the past decade, which have differentiated it from competitors and contributed to its growth [6][9] - Globant's operational efficiency is reflected in its healthy profit margins, despite navigating evolving market dynamics [9] Fourth Quarter 2024 Financial Highlights - Revenues for Q4 2024 were $642.5 million, a 10.6$0.85, down from $0.96 in Q4 2023, while Non-IFRS Adjusted Diluted EPS increased to$1.75 from $1.62 [7][20] - IFRS Gross Profit Margin was 35.7$2,415.7 million, a 15.3% increase from 2023 [6][20] - IFRS Diluted EPS for the full year was $3.72, compared to$3.64 in 2023, and Non-IFRS Adjusted Diluted EPS rose to $6.40 from$5.74 [7][20] - The company reported a total gross profit of $863.4 million for the year, with a Gross Profit Margin of 35.7$1 million in annual revenues, up from 311 the previous year [7][20] 2025 Outlook - For Q1 2025, revenues are estimated to be between $618.0 million and$628.0 million, reflecting an 8.2% to 10.0% year-over-year growth [13] - Full year 2025 revenues are projected to be between $2,635.0 million and$2,705.0 million, indicating a 9.1% to 12.0% year-over-year growth [13]