Globant reports Q4 non-IFRS EPS $1.62, consensus $1.61

Reports Q4 revenue $580.7M, consensus $579.42M. “Throughout the year, we expanded into new markets, forged valuable relationships with top-notch new clients and diversified our service offering. Our dedication to being a trusted end-to-end partner has enabled us to craft multiple solutions and continuously expand the breadth of our services, platforms and capabilities. With a global footprint in five continents and a focus on AI and generative AI capabilities, we are well-positioned for future growth,” said CEO Martin Migoya. “Our recent acquisitions of GUT and Iteris further strengthen our creative and digital capabilities. As we enter 2024, we remain optimistic about the growth potential of our total addressable market and our ability to deliver industry-leading results.” We achieved a milestone of $2.1B in revenue, representing a remarkable 17.7% year-over-year growth, while capturing a significant market share and validating our value proposition…With a robust financial position and significant free cash flow generation, we are strategically positioned to foster expansion and strengthen our strategic investments…,” explained Juan Urthiague, CFO.