Globant(US:GLOB)2025-05-16 07:32Market Opportunity & Growth - The total market for generative AI is projected to reach a five-year CAGR of 73.5% by 2028[5] - Worldwide IT services spending is expected to reach $2.1 trillion by 2027[6] - The digital business services market is estimated to reach $702 billion by 2027[6] - Product engineering and operational technology services are forecasted to reach $334 billion globally by 2027[7] - Generative AI's annual spending worldwide is projected to reach $151 billion by 2027[7] Financial Performance & Metrics - Globant's Last Twelve Months (LTM) Q1'25 total revenue is $2.5 billion[39] - The company's revenue CAGR from 2014 to 2024 was 28.3%[9, 39, 45] - LTM Q1'25 Revenue per IT Professional was $87.8K[39] - The Adjusted Gross Profit Margin for Q1'25 was 38.0%[39] - The Adjusted Profit from Operations Margin for Q1'25 was 14.8%[39]