Globant SA (GLOB) Releases Earnings Results, Beats Expectations By $0.01 EPS

Globant SA (GLOB) reported quarterly earnings results on Wednesday, Aug-10-2016. The company said it had a profit of $0.29 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.28. The company posted revenue of $79.90 million in the period, compared to analysts expectations of $77.31 million. The company’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Globant SA. Globant SA was Initiated by Pacific Crest to “Sector Weight” on Jul 12, 2016.

Globant SA opened for trading at $43.33 and hit $43.97 on the upside on Monday, eventually ending the session at $43.82, with a gain of 1.74% or 0.75 points. The heightened volatility saw the trading volume jump to 1,82,891 shares. Company has a market cap of $1,507 M.

Globant S.A. is a technology services provider. As of December 31 2014 the Company had 3775 Globers and 29 delivery centers across 19 cities in Argentina Uruguay Colombia Brazil Mexico Peru and the United States supported by four client management locations in the United States and one client management location in each of United Kingdom Colombia Uruguay Argentina and Brazil. The Company’s 12 Studios include Consumer Experience; Gaming; Big Data and High Performance; Quality Engineering; Enterprise Consumerization; UX and Social; Mobile; Cloud Computing and Infrastructure; Wearables and Internet of Things; After Going Live; Digital Content; and Product Innovation. The Globers for each Studio include engineers architects artists and designers business analysts quality control analysts marketing professionals and project managers.

Globant SA

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