Globant (NYSE:GLOB) posted second-quarter results that slightly topped estimates but issued weaker-than-expected guidance across all metrics, pushing shares down 14% in premarket trading Friday.
The technology services company reported adjusted earnings of $1.53 per share, just ahead of the $1.51 consensus, on revenue of $614.2 million, surpassing the expected $612.54 million and marking a 4.5% increase year-over-year.
For the third quarter, Globant projected revenue of at least $615 million, below expectations of $619.8 million, and adjusted earnings of $1.53 per share, under the $1.55 forecast. For full-year 2025, the company expects revenue of at least $2.445 billion versus the $2.47 billion consensus and adjusted EPS of $6.12, slightly under the $6.13 projection.
Globant reported an adjusted operating margin of 15.0%, down from 15.1% a year earlier. Its customer base grew to 981 accounts generating more than $100,000 in annual revenue, while its pipeline reached a record $3.7 billion, up 25% year-over-year, with North America contributing 54.1% of total revenue.
