Globant Can't Get Its Groove Back in Q2
Here's our initial take on 's (NYSE: GLOB) fiscal 2025 second-quarter financial report.
Globant's latest report included plenty of aspirations about how the company is looking to the future. But the immediate takeaway from the numbers was that Globant isn't quite there yet. Revenue growth came in at just 4.5% compared to year-ago numbers. Adjusted earnings topped investor expectations by a penny per share, but the $1.53-per-share figure was just 1% higher than in the year-ago period. Margin performance also didn't deliver, with figures flat to lower year over year.
Nevertheless, Globant's executives tried to play up what the future is likely to bring. Co-founder/CEO Martin Migoya pointed to ongoing generative artificial intelligence (AI) adoption and Globant's strategy to embrace its AI Pods, AI Studios, and Enterprise AI platform as part of what he called the "golden path" toward taking advantage of AI. Yet it was clear from Migoya's words that he understands there's a lot more work to do, and it'll take more time for the full impact of generative AI to make it into Globant's financials.
Source Fool.com
Globant S.A. Nom. Dl 1,20 Aktie
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