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Globant (NYSE:GLOB) notified results for the three and nine months ended September 30, 2019

On Thursday Globant (NYSE:GLOB) started its trading session with the price $105.2 and closed at price of $109.26 by scoring 3.97%. Day range of the stock was $104.34 – $109.78. GLOB stock traded with total volume of 480488 shares while the average trading capacity remained 203346 shares.  Earnings per share was $1.41. GLOB has total market capitalization of $3998916078.

On Nov. 14, 2019, Globant (NYSE:GLOB) a digitally native technology services company, notified results for the three and nine months ended September 30, 2019.

Please see highlights below, including certain Non-IFRS measures. Note that reconciliations between Non-IFRS financial measures and IFRS operating results are disclosed at the end of this press release.

Third quarter 2019 highlights

  • Revenue rose to $171.3 million, representing 27.3% year-over-year growth compared to the third quarter of 2018.
  • IFRS Gross Profit margin was 38.7% compared to 39.5% in the third quarter of 2018.
  • Non-IFRS Adjusted Gross Profit Margin was 40.6% compared to 41.2% in the third quarter of 2018.
  • IFRS Profit from Operations Margin was 13.4% compared to 14.1% in the third quarter of 2018.
  • Non-IFRS Adjusted Profit from Operations Margin was 18.1% compared to 17.3% in the third quarter of 2018.
  • IFRS Diluted EPS was $0.40, compared to $0.42 in the third quarter of 2018.
  • Non-IFRS Adjusted Diluted EPS was $0.62, compared to $0.46 in the third quarter of 2018.
  • Nine months ended September 30, 2019 highlights
  • Revenue rose to $475.0 million, representing 24.3% year-over-year growth compared to the first nine months of 2018.
  • IFRS Gross Profit margin was 38.8% compared to 38.6% in the first nine months of 2018.
  • Non-IFRS Adjusted Gross Profit Margin was 40.6% compared to 40.2% in the first nine months of 2018.
  • IFRS Profit from Operations Margin was 12.8% compared to 12.8% in the first nine months of 2018.
  • Non-IFRS Adjusted Profit from Operations Margin was 17.2% compared to 15.9% in the first nine months of 2018.
  • IFRS Diluted EPS was $1.08, compared to $1.09 in the first nine months of 2018.
  • Non-IFRS Adjusted Diluted EPS was $1.65, compared to $1.24 in the first nine months of 2018.

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