Globant Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 revenue exceeded guidance at $607.1M, driven by rapid AI Pods adoption and strong top-client growth. Guidance for 2026 is reaffirmed, with sequential growth expected and a new $125M share buyback authorized. AI-native services and strategic partnerships are central to future margin expansion.
Fiscal Year 2025
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Record bookings and free cash flow in 2025, with AI Pods driving margin expansion and a robust $3.4B pipeline. 2026 guidance targets up to 2.2% revenue growth and $60–$100M AI Pods ARR, as the business shifts to AI-native delivery and improved profitability.
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Q3 2025 revenue exceeded guidance, driven by strong AI adoption and a record pipeline. Margins remained stable, and a $125M share buyback was launched. Outlook for 2026 is optimistic as deal conversion accelerates and industry sentiment improves.
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Q2 2025 revenue grew 4.5% year-over-year to $614.2 million, with strong pipeline growth and 18 clients adopting the AI-powered subscription model. Business optimization actions and strategic partnerships with OpenAI and AWS position the company for future AI-driven growth.
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Q1 2025 revenue grew 8.6% year-over-year in constant currency, but fell short of initial expectations due to macroeconomic and tariff headwinds. Guidance for 2025 was revised downward, with a focus on AI-driven growth, margin protection, and selective capital allocation.
Fiscal Year 2024
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Record 2024 revenue of $2.4B, up 15.3% year-over-year, driven by 110% growth in AI projects and strong client expansion. 2025 guidance calls for 9–12% revenue growth, with continued margin improvement and robust pipelines in New Markets and Europe.
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Q3 2024 delivered record revenue, margin expansion, and robust free cash flow, with AI-related work up 120% year-over-year. Growth was broad-based across regions and verticals, with strong guidance for Q4 and 2025, supported by large bookings and recent acquisitions.
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Q2 2024 revenue grew 18.1% year-over-year to $587.5M, with strong AI-driven growth and margin expansion. Bookings rose 17% in the first half, supporting a robust outlook and raised margin/EPS guidance for 2024. AI revenues surged 130% in H1, and all major regions and verticals showed growth.