Globant S.A. (GLOB) Q4 2024 Earnings Call Transcript

2025-02-20 23:34:59 ET

Globant S.A. (GLOB)

Q4 2024 Earnings Conference Call

February 20, 2024, 04:30 PM ET

Company Participants

Arturo Langa - IR

Martin Migoya - Co-Founder and CEO

Diego Tartara - Chief Technology Officer

Patricia Pomies - COO

Juan Urthiague - CFO

Conference Call Participants

James Schneider - Goldman Sachs

Puneet Jain - JPMorgan

Maggie Nolan - William Blair

Jamie Friedman - Susquehanna

Jonathan Lee - Guggenheim

Zachary Ajzenman - TD Cowen

Sean Kennedy - Mizuho

Surinder Thind - Jefferies

Divya Goyal - Scotia

Arvind Ramnani - Piper Sandler

Presentation

Arturo Langa

Good day, and welcome to Globant's Fourth Quarter and Full Year 2024 Earnings Conference Call. I'm Arturo Langa, Investor Relations Officer at Globant. All participants on this call will be on listen-only mode. After today's presentation, there will be an opportunity to ask questions.

[Operator Instructions] Please note, this event is being recorded and streamed live on YouTube. By now, you should have received a copy of the earnings release. If you have not, a copy is available on our website, investors.globant.com.

Our speakers today are Martin Migoya, Co-Founder and Chief Executive Officer; Juan Urthiague, Chief Financial Officer; Patricia Pomies, Chief Operating Officer; and Diego Tartara, Global Chief Technology Officer.

Before we begin, I would like to remind you that some of our comments on our call today may be deemed forward-looking statements. This includes our business and financial outlook and the answers to some of your questions. Such statements are subject to the risks and uncertainties as described in the company's earnings release and other filings with the SEC. Please note that we follow IFRS accounting rules in our financial statements. During our call today, we will report non-IFRS, or adjusted measures, which is how we track performance internally and the easiest way to compare Globant to our peers in the industry. You will find a reconciliation of IFRS and non-IFRS measures at the end of the press release we published on our Investor Relations website announcing this quarter's results.

I'd like to turn the call over to Martin Migoya, our CEO.

Martin Migoya

Welcome. Good afternoon, and hello, everyone. We're facing a major transformation. It is a revolution that Globant has not only anticipated, but has been shaping for many years. With advance in AI, the lines between technology and business are fading. Today, it's not just a tool, but the core of enterprise reinvention. While many technology players are jumping on the AI revolution, branding themselves as experts without having made any real investments in the field, Globant has been investing in AI for the past 10 years. This long-term commitment means we are not merely riding the wave of the latest trends. We have developed deep proven expertise in the field.

Green technology that dares to delight is not just about writing code. It is about creating meaningful value in a world powered by AI Agents, industry-specific intelligence and a human touch. We were building software with purpose, shaping experiences, driving impact and pushing the boundaries of what technology can achieve. Many doubted, but this was not our guide. Vision was....

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