Globant (GLOB) Reports In-Line Q1 EPS

Globant (NYSE: GLOB) reported Q1 EPS of $0.27, in-line with the analyst estimate of $0.27. Revenue for the quarter came in at $88.7 million versus the consensus estimate of $87.72 million.

• Revenue increased to a record $88.7 million, representing 21.0% year-over-year growth.
• Non-IFRS Adjusted Gross Profit was $34.6 million (39.0% Non-IFRS Adjusted Gross Profit Margin), an increase of $1.6 million compared to $33.0 million for the first quarter of 2016 (45.0% Non-IFRS Adjusted Gross Profit Margin).
• Non-IFRS Adjusted Net Income was $9.7 million (11.0% Non-IFRS Adjusted Net Income Margin), an increase of $1.3 million, or 15.7%, compared to a profit of $8.4 million for the first quarter of 2016 (11.5% Non-IFRS Adjusted Net Income Margin).
• Non-IFRS Adjusted Diluted EPS was $0.27 per share (based on an average of 35.6 million average diluted shares), an increase of $0.03 compared to Non-IFRS Adjusted Diluted EPS of $0.24 for the first quarter of 2016 (based on an average of 35.2 million average diluted shares).

For earnings history and earnings-related data on Globant (GLOB) click here.

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