GLOB - Globant S.A. (GLOB) Q1 2024 Earnings Call Transcript
2024-05-16 20:00:27 ET
Globant S.A. (GLOB)
Q1 2024 Earnings Call Transcript
May 16, 2024 04:30 AM ET
Company Participants
Arturo Langa - Investor Relations
Martin Migoya - Co Founder and Chief Executive Officer
Diego Tartara - Chief Technology Officer
Patricia Pomies - Chief Operating Officer
Juan Urthiague - Chief Financial Officer
Conference Call Participants
Tien-Tsin Huang - JP Morgan
Moshe Katri - Wedbush
Maggie Nolan - William Blair
Bryan Bergin - TD Cowen
Jonathan Lee - Guggenheim
Ryan Potter - Citi
Divya Goyal - Scotiabank
Arvind Ramnani - Piper Sandler
Tyler DuPont - Bank of America
Leonardo Olmos - UBS
Presentation
Arturo Langa
Good day, and welcome to Globant's First Quarter 2024 Earnings Conference Call. I am Arturo Langa, Investor Relations Officer at Globant. All participants on this call will be on listen-only mode. After today's presentation, there will be an opportunity to ask questions. Kindly refrain from raising hands as we'll aim to address a select number of questions to assure efficiency. Please note this event is being recorded and streamed live on YouTube. By now, you should have received a copy of the earnings release. If you have not, a copy is available on our website, investors.globant.com.
Our speakers today are Martin Migoya, Co-Founder and Chief Executive Officer; Juan Urthiague, Chief Financial Officer; Patricia Pomies, Chief Operating Officer; and Diego Tartara, Chief Technology Officer.
Before we begin, I would like to remind you that some of the comments on our call today may be deemed forward-looking statements. This includes our business and financial outlook and the answers to some of your questions. Such statements are subject to the risk and uncertainties as described in the company's earnings release and other filings with the SEC.
Please note that we follow IFRS accounting rules in our financial statements. During our call today, we will report non-IFRS or adjusted measures, which is how we track performance internally and the easiest way to compare Globant to our peers in the industry. You will find a reconciliation of IFRS and non-IFRS measures at the end of the press release we published on our Investor Relations website announcing this quarter's results.
I now like to turn the call over to Martin Migoya, our CEO.
Martin Migoya
Good afternoon, everyone. I'm Martin’s AI-created digital twin. Let's get started with our first quarter's results. Revenue reached $571.1 million, representing a 20.9% increase year-over-year and above the guidance we provided last February. We are very happy to deliver another quarter of industry-leading growth. As Juan will mention later on, our expectations for the year continue to support a strong 2024 and solid exit rates going into 2025.
At Globant, we are confident in our resilience, despite macroeconomic uncertainties. With our diverse capabilities and authentic culture, we have become experts in growing our market share. Geopolitically speaking, we benefit from our geographic footprint with a leading presence in Latin America. It's a region free from international security threats, as well as being democratically vibrant, culturally open, entrepreneur focused, and with no religious conflicts. All of this has put us in a forefront position outpacing other players in the industry....
Globant S.A. (GLOB) Q1 2024 Earnings Call Transcript