Globant unveils new $125 million share repurchase program

Core Viewpoint - Globant S.A. has approved a new share repurchase program, allowing for the repurchase of up to $50 million per quarter, with a total maximum of $125 million from Q4 2025 to Q4 2026 [1][11]. Group 1: Share Repurchase Program Details - The share repurchase program reflects the company's confidence in its long-term strategy and aims to enhance shareholder value [2]. - The program is supported by the company's free cash flow generation and is part of a disciplined capital allocation strategy, while still allowing for investments in strategic growth initiatives [3]. - Repurchases will be made at the discretion of the company, influenced by various factors such as market conditions, share price, and corporate liquidity [4][5]. Group 2: Company Overview and Market Position - Globant operates in over 35 countries with more than 30,000 employees, serving major clients like Google and Electronic Arts [8]. - The company has been recognized as a leader in AI services and media consultation, and is noted as the fastest-growing IT brand globally [8]. - Globant is actively involved in partnerships with major technology firms like Open AI and NVIDIA, focusing on innovation across industries [8].