Globant Reports 2018 Second Quarter Financial Results

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Go back to Globant Reports 2018 Second Quarter Financial Results

Globant (GLOB) Tops Q2 EPS by 1c, Revenues Beat; Affirms FY18 Revenue Outlook Above Consensus, FY18 EPS Views In-Line with Consensus

August 23, 2018 4:19 PM EDT

Globant (NYSE: GLOB) reported Q2 EPS of $0.40, $0.01 better than the analyst estimate of $0.39. Revenue for the quarter came in at $127.9 million versus the consensus estimate of $125.23 million.

Revenues increased to a record $127.9 million, representing 28.4% year-over-year growth.Non-IFRS Adjusted Gross Profit was $51.3 million (40.1% Non-IFRS Adjusted Gross Profit Margin), an increase of $13.4 million compared to $37.9 million for the second quarter of 2017 (38.1% Non-IFRS Adjusted Gross Profit Margin).Non-IFRS Adjusted Net Income was $14.5 million (11.4% Non-IFRS Adjusted Net Income Margin), compared to a profit of $9.5 million for the second... More