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Dec 31, 2024
Globant Q4 2024 Earnings Report
Globant reported strong revenue growth and stable profitability in Q4 2024.
Key Takeaways
Globant achieved record quarterly revenue of $642.5 million, representing a 10.6% year-over-year increase. IFRS diluted EPS was $0.85, while Non-IFRS Adjusted Diluted EPS came in at $1.75. The company's operating margin remained stable, and revenue from AI-related services continued to expand.
Revenue grew 10.6% YoY to $642.5 million.
IFRS diluted EPS was $0.85, down from $0.96 in Q4 2023.
Non-IFRS Adjusted Diluted EPS increased to $1.75 from $1.62.
Strong performance from AI-focused service offerings and global expansion.
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 expects continued growth in 2025, projecting revenue increases between 9.1% and 12.0%. The company remains focused on AI innovation and operational efficiency.
Positive Outlook
- Q1 2025 revenue projected between $618M and $628M, implying 8.2% to 10.0% YoY growth.
- Fiscal 2025 revenue guidance of $2.64B to $2.71B, up 9.1% to 12.0% YoY.
- Continued investment in AI and digital transformation services.
- Stable operating margins expected between 15.5% and 16.5%.
- Non-IFRS Adjusted EPS expected between $6.80 and $7.20 for FY 2025.
Challenges Ahead
- Q1 2025 revenue includes a negative FX impact of 2.0 percentage points.
- Full-year revenue growth guidance includes a 1.5 percentage point FX headwind.
- Competitive pressures remain strong in the digital transformation sector.
- Macroeconomic uncertainty may impact client IT spending.
- Potential margin pressures from talent acquisition and retention costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income