Globant Reports 2019 Third Quarter Financial Results
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Globant (GLOB) Tops Q3 EPS by 3c, Revenues Beat; Offers Q4 & FY19 EPS/Revenue Guidance
November 14, 2019 4:29 PM ESTGlobant (NYSE: GLOB) reported Q3 EPS of $0.62, $0.03 better than the analyst estimate of $0.59. Revenue for the quarter came in at $171.3 million versus the consensus estimate of $170.64 million.
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... More