Globant Reports Q4 EPS of $1.75 on Revenue of $642.48M; Stock Plummets 24% After 2025 Guidance Miss

Globant S.A. reported its fourth-quarter results for 2024, revealing an adjusted earnings per share (EPS) of $1.75, surpassing the estimate of $1.74. However, the company's revenue of $642.48 million fell short of the expected $644.43 million. The net income for the quarter was reported at $39.51 million, with a revenue growth of 10.6%, primarily driven by artificial intelligence and digital transformation services. North America accounted for 55.2% of the total revenue. Following the announcement, Globant's stock experienced a sharp decline, dropping as much as 24% in pre-market trading due to disappointing guidance for 2025, which included an estimated EPS range of $6.80-$7.20 against an expectation of $7.34, and projected revenues between $2.635 billion and $2.705 billion, below the anticipated $2.747 billion.