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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.
Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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