Globant reported its first-quarter 2025 financial results, with revenues of $611.1 million, representing 7% year-over-year growth, but missing the analyst consensus estimate of $621.38 million. The company's adjusted diluted EPS was $1.50, falling short of the analyst consensus estimate of $1.58 per share.
Juan Urthiague, Globant's CFO, noted that the company delivered healthy margins and profitability despite a complex macroeconomic environment that impacted customer spending. He emphasized a continued focus on margins, cash flow, and capital allocation.
For the second quarter of 2025, Globant provided guidance for revenues of at least $610 million and non-IFRS adjusted diluted EPS of at least $1.50 per share. The full-year 2025 outlook was revised to expected revenues of at least $2.445 billion and non-IFRS adjusted diluted EPS of at least $6.12 per share, reflecting a cut from previous expectations.
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