Globant (GLOB) Reports In-Line Q4 Non-IFRS EPS

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Go back to Globant (GLOB) Reports In-Line Q4 Non-IFRS EPS

Globant Reports 2016 Full Year and Fourth Quarter Financial Results

February 16, 2017 4:15 PM EST

SAN FRANCISCO, Feb. 16, 2017 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally-native technology services company focused on creating digital journeys, today announced results for the three and twelve months ended December 31, 2016.

Full Year 2016 Highlights

Revenue increased to $322.9 million, the company's highest annual revenue to date, representing 27.2% year-over-year growth. Non-IFRS Adjusted Gross Profit was $137.1 million (42.5% Non-IFRS Adjusted Gross Profit Margin), an increase of $38.4 million compared to $98.7 million for 2015 (and an increase of 360 basis points compared to 38.9% Non-IFRS... More