Globant SA has reported its financial results for the first quarter of 2025, showing a 7.0% increase in revenues year-over-year, reaching $611.1 million. The company also reported an IFRS Diluted EPS of $0.68 for the quarter. Non-IFRS Adjusted Diluted EPS was $1.50, slightly down from $1.53 in the first quarter of 2024. The IFRS Gross Profit Margin slightly decreased to 34.9% from 35.4% in the same period last year, while the Non-IFRS Adjusted Gross Profit Margin remained stable at 38.0%. Globant's financial outlook for the second quarter of 2025 estimates revenues of at least $612.0 million, reflecting a 4.2% year-over-year growth. For the full fiscal year 2025, the company anticipates a Non-IFRS Adjusted Diluted EPS of at least $6.10. As of March 31, 2025, Globant held $120.2 million in cash and cash equivalents and short-term investments, and had drawn $285.0 million from its credit facility. The company employed 31,102 individuals, with 29,022 in technology, design, and innovation roles.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.