GLOB - Globant Non-GAAP EPS of $1.40 beats by $0.02 revenue of $490.7M beats by $0.8M

• Globant press release ( NYSE: GLOB ): Q4 Non-GAAP EPS of $1.40 beats by $0.02 .
• Revenue of $490.7M (+29.2% Y/Y) beats by $0.8M .
• 2023 First Quarter and Full Year Outlook
• Based on current market conditions, Globant is providing the following estimates for the first quarter and the full year of 2023:
• First quarter 2023 Revenues are estimated to be at least $470.0 million vs $486.70M consensus, or 17.1% year-over-year growth.
• First quarter 2023 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 15-16%.
• First quarter 2023 Non-IFRS Adjusted Diluted EPS is estimated to be at least $1.27 (assuming an average of 43.2 million diluted shares outstanding during the first quarter).
• Fiscal year 2023 Revenues are estimated to be at least $2,065 million vs $2.14B consensus, implying at least 16.0% year-over-year revenue growth. This expected growth includes a neutral FX outlook.
• Fiscal year 2023 Non-IFRS Adjusted Profit from Operations Margin is estimated to be in the range of 15%-17%.
• Fiscal year 2023 Non-IFRS Adjusted Diluted EPS is estimated to be at least $5.70 (assuming an average of 43.4 million diluted shares outstanding during 2023).

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