First quarter revenues of $611.1 million, up 7.0% year-over-yearIFRS Diluted EPS of $0.68 for the first quarter Non-IFRS Adjusted Diluted EPS of $1.50 for the first quarter

LUXEMBOURG, May 15, 2025 /PRNewswire/ — Globant (NYSE: GLOB), a digitally native company focused on reinventing businesses through innovative technology solutions, today announced results for the three months ended March 31, 2025.

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

First Quarter 2025 Financial Highlights

Revenues rose to $611.1 million, representing 7.0% year-over-year growth.IFRS Gross Profit Margin was 34.9% compared to 35.4% in the first quarter of 2024.Non-IFRS Adjusted Gross Profit Margin was 38.0% compared to 38.0% in the first quarter of 2024.IFRS Profit from Operations Margin was 8.2% compared to 8.4% in the first quarter of 2024.Non-IFRS Adjusted Profit from Operations Margin was 14.8% compared to 15.0% in the first quarter of 2024.IFRS Diluted EPS was $0.68 compared to $1.02 in the first quarter of 2024.Non-IFRS Adjusted Diluted EPS was $1.50 compared to $1.53 in the first quarter of 2024.

Other Metrics as of and for the quarter ended March 31, 2025

Cash and cash equivalents and Short-term investments were $120.2 million as of March 31, 2025. As of March 31, 2025, we had a total amount of $285.0 million drawn from our credit facility.Globant completed the first quarter of 2025 with 31,102 Globers, 29,022 of whom were technology, design and innovation professionals.The geographic revenue breakdown for the first quarter of 2025 was as follows: 55.5% from North America (top country: US), 19.6% from Latin America (top country: Argentina), 18.2% from Europe (top country: Spain) and 6.7% from New Markets[1] (top country: Saudi Arabia).Globant’s top customer, top five customers and top ten customers for the first quarter of 2025 represented 8.8%, 20.0% and 29.1% of revenues, respectively.During the twelve months ended March 31, 2025, Globant served a total of 1,004 customers (with revenues over $100,000 in the last twelve months) and continued to increase its wallet share, with 341 accounts generating more than $1 million of annual revenues, compared to 318 for the same period one year ago.In terms of currencies, 67.2% of Globant’s revenues for the first quarter of 2025 were denominated in US dollars.

“Globant’s spirit of building and reinvention is stronger than ever. We are largely focused on AI-related opportunities, and assisting our clients in transforming their respective businesses and leveraging technology to drive growth and competitive advantages. Our comprehensive growth strategy unites our 100-squared client-centric vision with our industry-specialized AI Studios and subscription model. This strategy is powered by our AI Pods and the Globant Enterprise AI platform, which we believe positions Globant as the only player in the industry with such a comprehensive offering. With a robust pipeline and expected sequential growth for Q2, we are not just navigating the future; as builders, we are actively creating it, reaffirming our commitment to lead the next wave of technological transformation,” said Martín Migoya, Globant’s CEO and co-founder.

“Globant reported Q1 2025 revenues of $611.1 million, a 7% year-over-year growth. In a complex macroeconomic environment that impacted spending from our customers, we delivered healthy margins and profitability, with adjusted diluted EPS of $1.50. Moving forward, while we must navigate the uncertainties of the current global economic environment, we will continue to be laser focused on margins, cash flow and capital allocation, ensuring Globant delivers shareholder value while capitalizing on future growth opportunities,” explained Juan Urthiague, Globant’s CFO.

2025 Second Quarter and Full Year Outlook

Based on current market conditions, Globant is providing the following estimates for the second quarter and the full year of 2025:

Second quarter 2025 Revenues are estimated to be at least $612.0 million, or 4.2% year-over-year growth. This expected growth includes a neutral FX impact.Second quarter 2025 Non-IFRS Adjusted Profit from Operations Margin is estimated to be at least 15.0%.Second quarter 2025 Non-IFRS Adjusted Diluted EPS is estimated to be at least $1.52 (assuming an average of 45.7 million diluted shares outstanding during the second quarter).Fiscal year 2025 Revenues are estimated to be at least $2,464.0 million, implying at least 2.0% year-over-year revenue growth. This expected growth includes a neutral FX impact.Fiscal year 2025 Non-IFRS Adjusted Profit from Operations Margin is estimated to be at least 15.0%.Fiscal year 2025 Non-IFRS Adjusted Diluted EPS is estimated to be at least $6.10 (assuming an average of 45.8 million diluted shares outstanding during 2025).

Shareholder Letter, Conference Call and Webcast 
A shareholder letter will be available on the Investor Relations section of Globant’s website. Martin Migoya, Globant’s Chief Executive Officer & co-founder, and Juan Urthiague, Chief Financial Officer, will discuss the results in a video conference call beginning at 4:30 pm ET. This will be followed by a live Q&A session where they will be joined by Patricia Pomies, Chief Operating Officer; and Diego Tártara, Chief Technology Officer.

Video conference call access information is:
https://more.globant.com/F1Q25EarningsCall
Webcast http://investors.globant.com/

About Globant (NYSE:GLOB)
At Globant, we create the digitally-native products that people love. We bridge the gap between businesses and consumers through technology and creativity, leveraging our expertise in AI. We dare to digitally transform organizations and strive to delight their customers.

We have more than 31,100 employees and we are present in more than 30 countries across 5 continents working for companies like Google, Electronic Arts and Santander, among others.

We were named a Worldwide Leader in CX Improvement by IDC MarketScape report. We were also featured as a business case study at Harvard, MIT and Stanford. We are a member of the Cybersecurity Tech Accord.

For more information, please visit www.globant.com

Non-IFRS Financial Measures

While the financial figures included in this press release have been computed in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (“IASB”), this announcement does not contain sufficient information to constitute an interim financial report as defined in International Accounting Standards 34, “Interim Financial Reporting” or a financial statement as defined by International Accounting Standards 1 “Presentation of Financial Statements”. The financial information in this press release has not been audited.

Globant provides non-IFRS financial measures in addition to reported IFRS results prepared in accordance with IFRS Accounting Standards. Management believes these measures help illustrate underlying trends in the company’s business and uses the non-IFRS financial measures to establish budgets and operational goals, communicated internally and externally, for managing the company’s business and evaluating its performance. The company anticipates that it will continue to report both IFRS and certain non-IFRS financial measures in its financial results, including non-IFRS measures that exclude share-based compensation expense, depreciation and amortization, acquisition-related charges, and the related effect on income taxes of the pre-tax adjustments. Because the company’s non-IFRS financial measures are not calculated according to IFRS, these measures are not comparable to IFRS and may not necessarily be comparable to similarly described non-IFRS measures reported by other companies within the company’s industry. Consequently, Globant’s non-IFRS financial measures should not be evaluated in isolation or supplant comparable IFRS measures, but, rather, should be considered together with its condensed interim consolidated statements of financial position as of March 31, 2025 and December 31, 2024 and its condensed interim consolidated statements of comprehensive income for the three months ended March 31, 2025 and 2024, prepared in accordance with International Accounting Standard (“IAS”) 34, “Interim Financial Reporting”.

Globant is not providing a quantitative reconciliation of forward-looking Non-IFRS Adjusted Profit from Operations Margin or Non-IFRS Adjusted Diluted EPS to the most directly comparable IFRS measure because it is unable to predict with reasonable certainty the ultimate outcome of certain significant items without unreasonable effort. These items include, but are not limited to, share-based compensation expense, acquisition-related charges, and the tax effect of non-IFRS adjustments. These items are uncertain, depend on various factors, and could have a material impact on IFRS reported results for the guidance period.

Forward Looking Statements

In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements include, but are not limited to, statements regarding our future financial and operating performance, including our outlook and guidance, and our strategies, priorities and business plans. Our expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Factors that could impact our actual results include: our ability to maintain current resource utilization rates and productivity levels; our ability to manage attrition and attract and retain highly-skilled IT professionals; our ability to accurately price our client contracts; our ability to achieve our anticipated growth; our ability to effectively manage our rapid growth; our ability to retain our senior management team and other key employees; our ability to continue to innovate and remain at the forefront of emerging technologies and related market trends; our ability to retain our business relationships and client contracts; our ability to manage the impact of global adverse economic conditions; our ability to manage uncertainty concerning the instability in the current economic, political and social environment in Latin America; and other factors discussed under the heading “Risk Factors” in our most recent Form 20-F filed with the U.S. Securities and Exchange Commission and any other risk factors we include in subsequent reports on Form 6-K.

Because of these uncertainties, you should not make any investment decisions based on our estimates and forward-looking statements. Except as required by law, we undertake no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information, future events or otherwise.

Globant S.A.
Condensed Interim Consolidated Statements of Comprehensive Income
(In thousands of U.S. dollars, except per share amounts, unaudited)

Globant S.A.
Condensed Interim Consolidated Statements of Financial Position as of March 31, 2025 and December 31, 2024
(In thousands of U.S. dollars, unaudited)

Globant S.A.
Selected Cash Flow Data
(In thousands of U.S. dollars, unaudited)

Globant S.A.
Supplemental Non-IFRS Financial Information 
(In thousands of U.S. dollars, unaudited)

(a) Acquisition-related charges include, when applicable, amortization of purchased intangible assets included in depreciation and amortization expense line on our consolidated statements of comprehensive income, interest charges on acquisition-related indebtedness, external deal costs, acquisition-related retention bonuses, integration costs, changes in the fair value of contingent consideration liabilities, and other acquisition-related costs. We cannot provide acquisition-related charges on a forward-looking basis without unreasonable effort as such charges may fluctuate based on the timing, size, and complexity of future acquisitions as well as other uncertainty inherent in mergers and acquisitions.

Globant S.A.
Schedule of Supplemental Information (unaudited)

(*) Represents customers with more than $100,000 in revenues in the last twelve months.
1 Represents Asia, Oceania and the Middle East.

Investor Relations Contact:
Arturo Langa, Globant
investors@globant.com
+1 (877) 215-5230

Media Contact:
Gregorio Lascano, Globant
pr@globant.com
+1 (877) 215-5230

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SOURCE Globant

The Turn-based space strategy game sees a revamp of galaxy generation, fleet management, computer AI, and much more

PLYMOUTH, Mich., May 15, 2025 /PRNewswire/ — Popular space strategy game, Galactic Civilizations IV is receiving a major overhaul of core game mechanics, map generation and computer opponents in Galactic Civilizations IV v3.0 Hyperlane Update which releases on June 12, 2025, free for all players.

To celebrate the announcement, Stardock has put the entire franchise on sale this week as well as provided updates to the previous editions in the series. For Galactic Civilizations IV v3.0 Hyperlane Update, players can look forward to:

Hyperlanes. One of the defining features of the game is the free-form movement of ships on the map. Galactic Civilizations IV keeps the freeform movement but also now generates maps where groups of stars are connected by hyperlanes that drastically increase unit speed between stars.

“The Galactic Civilizations games have always stood out because players can take their fleets and move them freely on the map. However, players have requested having map generation where groups of stars are very distant from each other within a given sector,” said Brad Wardell, CEO of Stardock Entertainment. “The challenge there is that players also don’t want to spend dozens of turns moving through the void of deep space, Hyperlanes let us have it both ways.”

Fleet Supply. To decrease micromanagement as well as make starship quality more distinct, the game now adds the concept of a civilization-wide fleet supply limit which can be increased by technology, events and other mechanics.

“The goal here is to make the path to victory not be dependent on who can put together the largest blob of units.  While mass fleet sizes are still possible, players have to earn that by making that part of their strategy as opposed to it being the default and only path,” said Wardell.

User Experience Revamp. While not a specific feature, Version 3.0 includes hundreds of small updates and improvements across the board.  From new, higher resolution textures for ships to balance improvements to the new Civilization data screens which let players get insights into their civilizations. 

“Over the past year we’ve received thousands of requests and suggestions from the fanbase.  The Hyperlane Update was our opportunity to integrate as many of these as we could into a single huge update,” said Wardell.

The Hyperlane Update is now available as a Preview build on Steam with the final release scheduled for early June. In addition, starting today, the entire franchise is on sale on Steam.

For more information on Galactic Civilizations IV, check out www.galciv4.com.

Galactic Civilizations IV is available now on Steam, Epic Games Store, or directly at galciv4.com.

Click HERE for Assets

About Stardock
Stardock is a pioneer in the strategy gaming genre headquartered in Plymouth, Mich. that has pioneered strategy and simulation games since 1993. Starting with Galactic Civilizations and later adding Sins of a Solar Empire, Ashes of the Singularity, The Political Machine, and Elemental the company continues to push the boundaries of innovation in the strategy, simulation arena. Learn more at www.stardock.com.

Media Contact:
Colin Regan
Stardock_Media@zebrapartners.net
Zebra Partners

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SOURCE Stardock Entertainment

New AI-powered feature helps regulated manufacturers streamline electronic batch record creation

BERLIN, May 15, 2025 /PRNewswire/ — MasterControl, a leading provider of quality, manufacturing, and asset management software solutions, today announced the beta release of Master Template Generator at its Masters Conference in Berlin. This new AI-powered capability helps manufacturers using MasterControl’s Manufacturing Excellence (Mx) Production Records module to optimize their batch records more efficiently, streamlining the transition from paper to digital manufacturing execution.

Master Template Generator allows customers to safely and effectively streamline their digital transformation through a simple chat interface: Instantly convert a paper batch record to a digital batch record, generate a new template via natural language instructions, or revise an existing batch record efficiently.  It is built on MasterControl’s specialized AI platform for regulated life sciences industries. This advanced architecture ensures complete data governance, completing all processing exclusively within MasterControl’s secure environment. This goes beyond what most conventional third-party tools offer today, providing unparalleled security and compliance that life sciences manufacturers need.

“Digital transformation in manufacturing has been held back by the time-consuming process of examining paper procedures and rebuilding them as digital records,” said Sue Marchant, Chief Product Officer at MasterControl. “Master Template Generator helps customers achieve ‘right first time’ beyond production—getting their electronic batch records right from the start to eliminate errors and accelerate ROI.”

The beta release represents a significant step forward in how regulated manufacturers can leverage artificial intelligence to improve their operations. Master Template Generator joins a suite of AI features available to MasterControl customers today that help to streamline their quality management workflows: Exam Generator, Document Translator, and Document Summarizer. A robust roadmap of additional AI-powered tools is scheduled for release throughout 2025 and beyond, as MasterControl continues to focus on driving operational excellence across quality, manufacturing, and asset management for life sciences companies.

“What we’ve built isn’t just another AI feature—it’s a solution that directly addresses manufacturing bottlenecks by dramatically reducing the time needed to create and optimize batch records,” said Alex Kaplunov, Chief Technology Officer at MasterControl. “When manufacturers can trust their AI to understand regulatory requirements, data integrity standards, production protocols, and more, they gain confidence in using this technology. They will see immediate operational benefits—reduced documentation errors, faster batch release times, fewer production deviations, and ultimately shorter manufacturing cycles that get critical products to patients faster while maintaining the highest quality standards.”

About MasterControl

MasterControl Solutions Inc. is a leading provider of cloud-based quality, manufacturing, and asset management software for life sciences and other regulated industries. For three decades, our mission has been the same as that of our customers – to bring life-changing products to more people sooner. MasterControl helps organizations digitize, automate, and connect quality, manufacturing, and asset management processes and has a proven track record of improving product quality, reducing costs, and accelerating time to market. Over 1,100 companies worldwide use MasterControl to streamline operations, maintain compliance, manage critical assets and equipment, easily analyze and interpret large amounts of data, and visualize business insights in real time.

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SOURCE MasterControl