Globant (GLOB) Reports In-Line Q1 EPS

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Go back to Globant (GLOB) Reports In-Line Q1 EPS

Globant Reports 2017 First Quarter Financial Results

May 18, 2017 4:10 PM EDT

SAN FRANCISCO, May 18, 2017 /PRNewswire/ -- Globant (NYSE: GLOB), a digitally-native technology services company focused on creating digital journeys, today announced results for the three months ended March 31, 2017.

First quarter 2017 highlights

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... More