Globant's board of directors approved a new share repurchase program, authorizing the allocation of up to $50 million per quarter, with a maximum aggregate of $125 million. The program is set to begin in the fourth quarter of 2025 and extend through the fourth quarter of 2026.
Martin Migoya, chairman and CEO of Globant, stated that this program demonstrates strong confidence in Globant's long-term strategy, aligned with an AI-first mindset. The company aims to deliver enhanced value to its shareholders while continuing to build an innovative and growing business.
Juan Urthiague, Globant's CFO, added that the share repurchase program is supported by the company's free cash flow generation and is a key component of its disciplined capital allocation strategy. Globant will continue investing in strategic growth initiatives alongside the buyback program.
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