3 Reasons Why Globant Stock Is Surging
Shares of IT consulting specialist Globant (NYSE: GLOB) raced higher by 5% in Friday afternoon trading following the release of the company's fourth-quarter 2019 earnings report. Globant has enjoyed a stellar ascent in the markets recently as its stock has appreciated 94% over the last 12 months.
In the fourth quarter, the tech company reported year-over-year revenue growth of nearly 32% to $184 million, and net income of $13.5 million during the period. Below, let's look at three metrics that demonstrate why Globant is drawing such intense and sustained interest from investors.
Globant finished 2019 with 11,855 "Globers" (employees) in its ranks. Of these, 11,021 were IT professionals working within the broad categories of innovation, technology, and design. This represents a jump of 41% in the company's consultant tally versus year-end 2018.
Source Fool.com
