Globant Reports 2020 Second Quarter Financial Results
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Globant (GLOB) Tops Q2 EPS by 3c, Revenues Beat; Offers 3Q EPS/Revenues Guidance Above Consensus
August 13, 2020 4:24 PM EDTGlobant (NYSE: GLOB) reported Q2 EPS of $0.51, $0.03 better than the analyst estimate of $0.48. Revenue for the quarter came in at $182.7 million versus the consensus estimate of $179.9 million.
Second Quarter 2020 Financial Highlights
Revenues rose to $182.7 million, representing 16.0% year-over-year growth compared to the second quarter of 2019.IFRS Gross Profit margin was 36.3% compared to 38.5% in the second quarter of 2019.Non-IFRS Adjusted Gross Profit Margin was 38.2% compared to 40.2% in the second quarter of 2019.IFRS Profit from Operations Margin was 8.1% compared to 12.3% in the second quarter of 2019.Non-IFRS Adjusted Profit from Operations... More