Globant's (GLOB) Q1 Earnings Meet Estimates, Revenues Up Y/Y

Globant (GLOB) reported first-quarter 2024 non-GAAP earnings per share (EPS) of $1.53 per share, matching the Zacks Consensus Estimate. The bottom line increased 19.5% year over year. Revenues in the quarter summed $571.1 million, beating the Zacks Consensus Estimate by 0.1%. Total revenues rose 20.9% year over year. The uptick was attributable to solid momentum across most of the business segments. Its top customer, top five customers and top 10 customers contributed 8.3%, 21.8% and 30.1% to net sales, res ...