Globant Reports 2019 Second Quarter Financial Results
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Globant (GLOB) Tops Q2 EPS by 1c; Affirms Q3 & FY19 Revenue Guidance Above Consensus, Q3 & FY19 EPS Mid-Point Views Above Consensus
August 15, 2019 4:20 PM EDTGlobant (NYSE: GLOB) reported Q2 EPS of $0.53, $0.01 better than the analyst estimate of $0.52. Revenue for the quarter came in at $157.5 million versus the consensus estimate of $157.42 million.
Second quarter 2019 highlights
Revenue rose to $157.5 million, representing 23.2% year-over-year growth compared to the second quarter of 2018.IFRS Gross Profit margin was 38.5% compared to 38.3% in the second quarter of 2018.Non-IFRS Adjusted Gross Profit Margin was 40.2% compared to 40.1% in the second quarter of 2018.IFRS Profit from Operations Margin was 12.3% compared to 12.5% in the second quarter of 2018.Non-IFRS Adjusted Profit from Operations Margin was... More