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Mar 31
Globant Q1 2025 Earnings Report
Globant reported modest growth in Q1 2025 with stable margins and continued investment in AI and innovation.
Key Takeaways
Globant achieved $611.1M in revenue and maintained healthy profitability amid macroeconomic challenges. The company emphasized its strategic focus on AI and a robust client pipeline for future growth.
Revenue reached $611.1M, growing 7.0% YoY.
Adjusted diluted EPS held strong at $1.50 despite macro pressures.
Gross profit margin remained steady; adjusted margin was 38.0%.
Client base expanded with 341 customers generating over $1M annually.
Globant
Globant
Globant Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comLatin America Revenue
CapyFin.comEurope Revenue
CapyFin.comNew Markets Revenue
CapyFin.com Forward Guidance
Globant projects sequential growth in Q2 and continued margin strength for FY25.
Positive Outlook
- Q2 2025 revenue expected to reach at least $612.0M.
- Q2 adjusted operating margin forecasted at minimum 15.0%.
- Q2 adjusted EPS guidance at or above $1.52.
- FY25 revenue outlook of at least $2.464B, up 2.0% YoY.
- Sustained emphasis on AI innovation and margin discipline.
Challenges Ahead
- FX-neutral growth in Q2 suggests limited acceleration.
- IFRS EPS dropped from $1.02 to $0.68 YoY in Q1.
- Net income decreased 32% compared to Q1 2024.
- Cash flow from operations was modest at $15.7M.
- Free cash flow was negative due to high capital expenditures.
Revenue & Expenses
Visualization of income flow from segment revenue to net income