Globant Reports 2018 Third Quarter Financial Results
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Globant (GLOB) Tops Q3 EPS by 2c, Revenues Beat; Offers FY18 EPS/Revenue Guidance Above Consensus
November 15, 2018 4:19 PM ESTGlobant (NYSE: GLOB) reported Q3 EPS of $0.46, $0.02 better than the analyst estimate of $0.44. Revenue for the quarter came in at $134.6 million versus the consensus estimate of $132.6 million.
Revenues increased to a record $134.6 million, representing 22.7% year-over-year growth.Non-IFRS Adjusted Gross Profit was $55.5 million (41.2% Non-IFRS Adjusted Gross Profit Margin), an increase of $12.7 million compared to $42.8 million (39.0% Non-IFRS Adjusted Gross Profit Margin) for the third quarter of 2017.Non-IFRS Adjusted Net Income was $16.8 million (12.5% Non-IFRS Adjusted Net Income Margin), an increase of $3.2 million compared to... More