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NEW YORK - Globant (NYSE: GLOB), an IT and digital transformation services provider with annual revenue of $2.46 billion, has announced the launch of its new AI Pods, a subscription-based model for AI-powered services aimed at industries such as finance, retail, and media. According to InvestingPro data, the company maintains healthy profit margins of 36% while operating with moderate debt levels. The AI Pods provide access to artificial intelligence capabilities orchestrated by Globant experts, designed to deliver scalable solutions with faster market delivery and reduced costs.
The AI Pods operate on a token-based metered capacity, allowing clients to subscribe on a monthly basis. This approach is intended to align with the outcomes rather than the efforts, promising guaranteed time and cost savings. Globant’s AI Pods are powered by the company’s advanced AI accelerator platform, Globant Enterprise AI (GEAI), which is model-agnostic and capable of deploying a range of intelligent agents for business transformation.
Martin Migoya, co-founder and CEO of Globant, described the new offering as a "radical departure" from traditional IT services, emphasizing the continuous and intelligent nature of the services provided. According to Diego Tartara, CTO at Globant, the AI Pods have already shown significant reductions in delivery timeframes and increased productivity in projects across various industries.
GEAI’s lineup includes Globant CODA, an agent that accelerates the software development lifecycle through automated code generation, testing, and deployment. Globant’s initiative reflects its commitment to leveraging AI for business reinvention, a strategy that has been part of the company’s operations for over a decade. While the stock has faced challenges, declining 56% over the past six months, InvestingPro analysis suggests the company is currently undervalued, with analysts maintaining positive profit forecasts for the year.
Globant, with over 31,100 employees in 36 countries, has been recognized as a leader in AI services by IDC MarketScape reports and is considered a rapidly growing IT brand globally. The company is also known for its contributions to digital-native products and its participation in organizations such as The Green Software Foundation and the Cybersecurity Tech Accord.
This announcement is based on a press release statement from Globant and does not include any promotional content or subjective claims. For further information about Globant and its new AI Pods, interested parties can visit the company’s website. For deeper insights into Globant’s financial health, market position, and detailed analysis, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
In other recent news, Globant has made significant strides by inaugurating its Middle East Regional Headquarters in Riyadh, Saudi Arabia. This expansion highlights the company’s growing influence, with a remarkable 84.4% year-over-year revenue increase in the Middle East & APAC for Q1-25. Meanwhile, analysts have adjusted their outlooks on Globant’s stock. Jefferies reduced its price target to $125 from $150, maintaining a Buy rating, while TD Cowen also lowered its target to $125 from $160, citing macroeconomic pressures but retaining a Buy stance. Mizuho cut its price target to $153 from $194, keeping an Outperform rating, and noted potential for future revenue growth despite recent challenges. Goldman Sachs shifted its rating from Buy to Neutral and slashed the price target to $120 from $225, following disappointing first-quarter results and guidance. These developments indicate mixed analyst sentiment, with some expressing confidence in Globant’s long-term prospects despite short-term hurdles.
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