Globant (GLOB) Tops Q2 EPS by 1c; Issues Mixed Guidance
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Globant Reports 2016 Second Quarter Financial Results Solid Revenue Growth and Operating Performance
August 10, 2016 4:15 PM EDTSAN FRANCISCO, Aug. 10, 2016 /PRNewswire/ --Â Globant (NYSE: GLOB), a digitally-native technology services company focused on creating digital journeys, today announced results for the three and six months ended June 30, 2016.
Second quarter 2016 highlights
Revenue increased to a record $79.9 million, representing 31.9% year-over-year growth. Non-IFRS Adjusted Gross Profit was $34.1 million (42.6% Non-IFRS Adjusted Gross Profit Margin), an increase of $10.7 million compared to $23.4 million (and an increase of 390 basis points compared to 38.7% Non-IFRS Adjusted Gross Profit Margin) in 2015.... More