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Investing.com -- Globant SA (NYSE:GLOB) reported second-quarter earnings that slightly beat analyst expectations, but shares tumbled 6.6% after the company issued guidance below Wall Street estimates across all metrics.
The technology services provider posted adjusted earnings per share of $1.53, edging past the analyst consensus of $1.51. Revenue reached $614.2 million, slightly above the expected $612.54 million and representing a 4.5% increase YoY. Despite these modest beats, investors focused on the disappointing outlook.
For the third quarter, Globant expects revenue of at least $615 million, below the consensus estimate of $619.8 million, with adjusted EPS of $1.53, under the $1.55 analysts anticipated. Full-year 2025 guidance also disappointed, with the company projecting revenue of at least $2.445 billion versus the expected $2.47 billion, and adjusted EPS of $6.12, just below the $6.13 consensus.
"Our second-quarter results underscore the resilience and operational discipline of our business," said Juan Urthiague, Globant’s CFO. "During the quarter, we complemented our growth trajectory with the execution of strategic investments and a Business Optimization Plan, which included a one-time charge of $47.6 million."
The company reported an adjusted operating margin of 15.0% for Q2, slightly down from 15.1% in the same period last year. IFRS diluted EPS was -$0.05 compared to $0.87 in the second quarter of 2024, reflecting the impact of the one-time charge.
Globant’s customer base continued to expand, serving 981 customers with revenues over $100,000 in the last twelve months. The company’s pipeline reached an all-time high of $3.7 billion, up 25% YoY, with North America accounting for 54.1% of revenue.
The company ended the quarter with 30,084 employees, of whom 28,097 were technology, design and innovation professionals, and cash and short-term investments of $174.2 million.
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