SAN FRANCISCO, Nov. 14, 2016 /PRNewswire/ -- Globant (NYSE:
GLOB), a digitally-native technology services company focused on
creating digital journeys, today announced results for the
three and nine months ended September 30,
2016.
Third quarter 2016 highlights
- Revenue increased to a record $82.4
million, representing 22.7% year-over-year growth.
- Non-IFRS Adjusted Gross Profit was $34.2
million (41.5% Non-IFRS Adjusted Gross Profit Margin), an
increase of $8.0 million compared to
$26.2 million (and an increase of 250
basis points compared to 39.0% Non-IFRS Adjusted Gross Profit
Margin) in 2015.
- Non-IFRS Adjusted Net Income was $10.5
million (12.8% Non-IFRS Adjusted Net Income Margin), an
increase of $1.4 million, or 15.4%,
compared to a profit of $9.1 million
for the third quarter of 2015.
- Non-IFRS Adjusted Diluted EPS was $0.30 per share (based on an average of 35.5
million average diluted shares during the third quarter), an
increase of $0.04 compared to
Non-IFRS Adjusted Diluted EPS of $0.26 for the third quarter of 2015.
Nine months ended September 30,
2016 highlights
- Revenue for the period increased to $235.6 million, representing 29.3% year-over-year
growth.
- Non-IFRS Adjusted Gross Profit was $101.3 million (43.0% Non-IFRS Adjusted Gross
Profit Margin), an increase of $30.7
million compared to $70.6
million (and an increase of 420 basis points compared to
38.8% Non-IFRS Adjusted Gross Profit Margin) in 2015.
- Non-IFRS Adjusted Net Income was $29.1
million (12.4% Non-IFRS Adjusted Net Income Margin), an
increase of $3.8 million, or 15.0%,
compared to a profit of $25.3 million for the first nine
months of 2015.
- Non-IFRS Adjusted Diluted EPS was $0.82 per share (based on an average of 35.3
million diluted shares during the first nine months of the 2016),
an increase of $0.10 compared to
Non-IFRS Adjusted Diluted EPS of $0.72 for the first nine months of 2015.
Reconciliations between Non-IFRS financial measures and IFRS
operating results are included at the end of this press
release.
"Third quarter 2016 was another robust quarter for Globant. Our
revenues reached a new quarterly record of $82.4 million, with an implied 22.7%
year-over-year growth," said Martín Migoya, Globant's CEO and
co-founder. "Traditional companies keep on investing heavily in
digital transformation projects as they face increased competition
from digitally native companies. To address this trend, we
continuously work to evolve our Digital Journeys process, based on
two pillars: Stay Relevant and Build to Discover. With this
approach we are able to create the most innovative experiences and
products by simultaneously learning and adapting from consumer and
market behaviour. We believe that our positioning as a pure play in
digital services gives us the required skillset to successfully
partner with organizations facing digital transformation
challenges."
"On top of that, to reinforce our positioning as one of the
leaders in the digital services space, we are glad to announce the
acquisition of L4, a leading digital services company that creates
innovative and meaningful experiences to engage people across every
screen. L4 is a US-based organization with headquarters in
Seattle, focused on ideating,
designing and developing robust digital products and complex
software, with a strong focus on innovation and quality assurance.
The company has a team of 65 professionals, including some of the
best mobile and media minds in the industry. Today, they work for a
wide list of recognized brands, such as Sesame Workshop, Chicago
Public Media and Sony Pictures Television. This acquisition enables
us to expand our US footprint and to bring experienced
professionals to the team. We found in L4 a group of people that
share our same passion for building the best experiences for our
customers, so we are really excited to have them on board", Migoya
added.
"I am delighted with our financial performance for this quarter.
Both our revenue growth and our gross, operating and net income
margins continue to be very healthy. Growth is evenly spread among
our customer base, with top 10 accounts increasing over 25% year
over year, and not top 10 accounts growing above 20%," explained
Alejandro Scannapieco, Globant's
CFO.
Globant completed the quarter with 5,421 Globers, 4,983 of whom
were IT professionals. The geographic revenue breakdown for the
third quarter was as follows: 81.4% from North America (top country: US), 9.4% from
Latin America and others (top
country: Chile) and 9.2% from
Europe (top country: UK). 89.7% of
Globant's revenue for the third quarter was denominated in US
dollars, and the remaining 10.3% was denominated in other
currencies.
During the 12 months ended September 30,
2016, Globant served 354 customers, 61 of which accounted
for more than $1 million of Globant's
revenues. Globant's top customer, top 5 customers and top 10
customers represented 10.4%, 33.9% and 46.8% of third quarter
revenues, respectively.
Cash and cash equivalents and investments as of September 30, 2016 decreased to $54.5 million from $62.4
million as of December 31,
2015, while borrowings amounted to $0.3 million. Current assets as of September 30, 2016 amounted to $130.2 million, accounting for 49.6% of total
assets. Finally, as of September 30,
2016, 34.5 million common shares were issued and
outstanding.
2016 Fourth Quarter and Full Year Outlook
Based on current market conditions, Globant is providing the
following estimates for the fourth quarter and for the full year
2016:
- Fourth quarter revenue is estimated to be in the range of
$84.5-$86.5 million.
- Fourth quarter Non-IFRS diluted EPS is estimated to be in the
range of $0.30-$0.33 (assuming an
average of 35.7 million diluted shares outstanding during the
fourth quarter).
- Fiscal year 2016 revenue is estimated to be between
$320.0-$322.0 million
- Fiscal year 2016 Non-IFRS diluted EPS is estimated to be in the
range of $1.12-$1.15 (assuming an
average of 35.4 million average diluted shares outstanding during
2016).
Conference Call and Webcast
Martín Migoya and Alejandro
Scannapieco will discuss the three and nine-month results in
a conference call today beginning at 4:30pm
ET.
Conference call access information is:
US +1 (888) 346-2877
International +1 (412) 902-4257
Webcast http://investors.globant.com
Additionally, a replay will be available via the same dial-in
number and on our investor relations website after the call.
About Globant
Globant (NYSE: GLOB) is a digitally native technology services
company that creates digital journeys for its customers, which
impact millions of consumers. Globant is the place where
engineering, design, and innovation meet scale. Globant has more
than 5,420 professionals in 12 countries working for companies like
Google, LinkedIn, JWT, EA and Coca Cola, among others. Globant was
named a Worldwide Leader of Digital Strategy Consulting Services by
IDC MarketScape Report (2016), and its client work has been
featured as business case studies at Harvard
University, Massachusetts Institute of
Technology and Stanford University. For more
information visit www.globant.com.
Non-IFRS Financial Information
The financial information in this press release has been
prepared consistently with International Financial Reporting
Standards ("IFRS") as issued by the International Accounting
Standards Board ("IASB") and as adopted by the European Union. The
interim financial information included in this announcement has
been also prepared in accordance with IFRS applicable to interim
periods, however this announcement does not contain sufficient
information to constitute an interim financial report as defined in
International Accounting Standards 34, "Interim Financial
Reporting". The numbers in this press release have not been
audited.
Globant provides non-IFRS financial measures to complement
reported IFRS results, in accordance with IAS 34 "Interim Financial
Reporting". Management believes these measures help illustrate
underlying trends in the company's business and uses the measures
to establish budgets and operational goals, communicated internally
and externally, for managing the company's business and evaluating
its performance. The company anticipates that it will continue to
report both IFRS and certain non-IFRS financial measures in its
financial results, including non-IFRS results that exclude
share-based compensation expense, depreciation and amortization,
acquisition related expenses and impairments of tax credits.
Because the company's non-IFRS financial measures are not
calculated according to IFRS, these measures are not comparable to
IFRS and may not necessarily be comparable to similarly described
non-IFRS measures reported by other companies within the company's
industry. Consequently, Globant's non-IFRS financial measures
should not be evaluated in isolation or supplant comparable IFRS
measures, but, rather, with its unaudited interim consolidated
statement of financial position as of September 30, 2016 and December 31, 2015 and its unaudited interim
consolidated statement of profit or loss and other comprehensive
income for the nine-month and three-month periods ended
September 30, 2016 and 2015, prepared
in accordance with IAS.
Forward Looking Statements
In addition to historical information, this release contains
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the
Securities Act of 1933, and Section 21E of the Securities Exchange
Act of 1934. These forward-looking statements include information
about possible or assumed future results of our business and
financial condition, as well as the results of operations, Non-IFRS
results of operations and Non-IFRS earnings per share, liquidity,
plans and objectives. In some cases, you can identify
forward-looking statements by terminology such as "believe," "may,"
"estimate," "continue," "anticipate," "intend," "should," "plan,"
"expect," "predict," "potential," or the negative of these terms or
other similar expressions. These statements include, but are not
limited to, statements regarding: the persistence and
intensification of competition in the IT industry; the future
growth of spending in IT services outsourcing generally,
application outsourcing and custom application development and
offshore development services; the level of growth of demand for
our services from our clients; the level of increase in revenues
from our new clients; the resource utilization rates and
productivity levels and the level of attrition of our IT
professionals; the pricing structures we use for our client
contracts; the general economic and business conditions in the
locations in which we operate; the levels of our concentration of
revenues by vertical, geography, by client and by type of contract
in the future; the continuity of tax incentives available for
software companies with operations in Argentina; Argentina's regulations on proceeds from the
export of services; our expectation that we will be able to
integrate and manage the companies we acquire and that our
acquisitions will yield the benefits we envision; the demands we
expect our rapid growth to place on our management and
infrastructure; the sufficiency of our current cash, cash flow from
operations, and lines of credit to meet our anticipated cash needs;
the high proportion of our cost of services comprised of personnel
salaries; and other factors discussed under the heading "Risk
Factors" in our most recent 20-F filed with the Securities and
Exchange Commission.
These forward-looking statements involve various risks and
uncertainties. Although the registrant believes that its
expectations expressed in these forward-looking statements are
reasonable, its expectations may turn out to be incorrect. The
registrant's actual results could be materially different from its
expectations. In light of the risks and uncertainties described
above, the estimates and forward-looking statements discussed might
not occur, and the registrant's future results and its performance
may differ materially from those expressed in these forward-looking
statements due to, inclusive, but not limited to, the factors
mentioned above. Because of these uncertainties, you should not
make any investment decision based on these estimates and
forward-looking statements. Except as required by law, we
undertake no obligation to publicly update any forward-looking
statements for any reason after the date of this press release
whether as a result of new information, future events or
otherwise.
These risks and uncertainties include those discussed or
identified in the filings with the Luxembourg Stock Market
Authority for the Financial Markets (Commission de Surveillance du
Secteur Financier).
Globant
S.A.
|
Condensed Interim
Consolidated Statement of Profit or Loss and Other Comprehensive
Income
|
(In thousands of
U.S. dollars, except per share amounts, unaudited)
|
|
|
|
|
Nine months
ended
|
|
Three months
ended
|
|
|
|
September 30,
2016
|
|
September 30,
2015
|
|
September 30,
2016
|
|
September 30,
2015
|
|
|
|
|
|
|
|
|
|
|
Revenues
|
|
|
235,602
|
|
182,233
|
|
82,350
|
|
67,117
|
Cost of
revenues
|
|
|
(138,194)
|
|
(115,481)
|
|
(49,673)
|
|
(42,474)
|
Gross
profit
|
|
|
97,408
|
|
66,752
|
|
32,677
|
|
24,643
|
|
|
|
|
|
|
|
|
|
|
Selling, general and
administrative expenses
|
|
|
(58,998)
|
|
(52,123)
|
|
(20,910)
|
|
(18,705)
|
Impairment of tax
credits, net of recoveries
|
|
|
-
|
|
1,820
|
|
-
|
|
-
|
Profit from
operations
|
|
|
38,410
|
|
16,449
|
|
11,767
|
|
5,938
|
|
|
|
|
|
|
|
|
|
|
Gain on transactions
with bonds
|
|
|
-
|
|
13,331
|
|
-
|
|
4,980
|
Finance
income
|
|
|
13,504
|
|
10,308
|
|
2,415
|
|
3,808
|
Finance
expense
|
|
|
(15,314)
|
|
(8,518)
|
|
(2,181)
|
|
(3,415)
|
Finance (expense)
income, net
|
|
|
(1,810)
|
|
1,790
|
|
234
|
|
393
|
|
|
|
|
|
|
|
|
|
|
Other income and
(expenses), net
|
|
|
1,053
|
|
(11)
|
|
399
|
|
(8)
|
Profit before
income tax
|
|
|
37,653
|
|
31,559
|
|
12,400
|
|
11,303
|
|
|
|
|
|
|
|
|
|
|
Income tax
|
|
|
(11,271)
|
|
(8,251)
|
|
(2,872)
|
|
(3,073)
|
Net income for the
period
|
|
|
26,382
|
|
23,308
|
|
9,528
|
|
8,230
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive
income, net of income tax effects
|
|
|
|
|
|
|
|
|
|
Items that may be
reclassified subsequently to profit and loss:
|
|
|
|
|
|
|
|
|
|
- Exchange
differences on translating foreign operations
|
|
|
1,115
|
|
(1,296)
|
|
(36)
|
|
(867)
|
- Net fair value loss
on available-for-sale financial assets
|
|
|
(45)
|
|
-
|
|
(25)
|
|
-
|
Total
comprehensive income for the period
|
|
|
27,452
|
|
22,012
|
|
9,467
|
|
7,363
|
|
|
|
|
|
|
|
|
|
|
Net income
attributable to:
|
|
|
|
|
|
|
|
|
|
Owners of the
Company
|
|
|
26,400
|
|
23,308
|
|
9,537
|
|
8,230
|
Non-controlling
interest
|
|
|
(18)
|
|
-
|
|
(9)
|
|
-
|
Net income for the
period
|
|
|
26,382
|
|
23,308
|
|
9,528
|
|
8,230
|
|
|
|
|
|
|
|
|
|
|
Total
comprehensive income for the period attributable to:
|
|
|
|
|
|
|
|
|
|
Owners of the
Company
|
|
|
27,470
|
|
22,012
|
|
9,476
|
|
7,363
|
Non-controlling
interest
|
|
|
(18)
|
|
-
|
|
(9)
|
|
-
|
Total
comprehensive income for the period
|
|
|
27,452
|
|
22,012
|
|
9,467
|
|
7,363
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per
share
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
0.77
|
|
0.69
|
|
0.28
|
|
0.24
|
Diluted
|
|
|
0.75
|
|
0.67
|
|
0.27
|
|
0.23
|
Weighted average
of outstanding shares (in thousands)
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
34,335
|
|
33,887
|
|
34,464
|
|
34,080
|
Diluted
|
|
|
35,328
|
|
34,950
|
|
35,457
|
|
35,143
|
Globant
S.A.
|
Condensed Interim
Consolidated Statement of Financial Position
|
(In thousands of
U.S. dollars, unaudited)
|
|
|
|
|
September 30,
2016
|
|
December 31,
2015
|
ASSETS
|
|
|
|
Current
assets
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
16,706
|
|
36,720
|
Investments
|
|
|
37,803
|
|
25,660
|
Trade
receivables
|
|
|
56,741
|
|
45,952
|
Other
receivables
|
|
|
18,036
|
|
18,570
|
Other financial
assets
|
|
|
900
|
|
900
|
Total current
assets
|
|
|
130,186
|
|
127,802
|
|
|
|
|
|
|
Non-current
assets
|
|
|
|
|
|
Other
receivables
|
|
|
27,023
|
|
20,122
|
Deferred tax
assets
|
|
|
9,831
|
|
7,983
|
Investment in
associates
|
|
|
800
|
|
300
|
Other financial
assets
|
|
|
285
|
|
1,221
|
Property and
equipment
|
|
|
34,124
|
|
25,720
|
Intangible
assets
|
|
|
11,133
|
|
7,209
|
Goodwill
|
|
|
49,060
|
|
32,532
|
Total non-current
assets
|
|
|
132,256
|
|
95,087
|
TOTAL
ASSETS
|
|
|
262,442
|
|
222,889
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
Current
liabilities
|
|
|
|
|
|
Trade
payables
|
|
|
5,106
|
|
4,436
|
Payroll and social
security taxes payable
|
|
|
28,295
|
|
25,551
|
Borrowings
|
|
|
241
|
|
280
|
Other financial
liabilities
|
|
|
10,648
|
|
6,240
|
Tax
liabilities
|
|
|
6,941
|
|
10,225
|
Other
liabilities
|
|
|
-
|
|
9
|
Total current
liabilities
|
|
|
51,231
|
|
46,741
|
|
|
|
|
|
|
Non-current
liabilities
|
|
|
|
|
|
Borrowings
|
|
|
43
|
|
268
|
Other financial
liabilities
|
|
|
13,819
|
|
15,045
|
Other
liabilities
|
|
|
20
|
|
-
|
Provisions for
contingencies
|
|
|
142
|
|
650
|
Total non-current
liabilities
|
|
|
14,024
|
|
15,963
|
TOTAL
LIABILITIES
|
|
|
65,255
|
|
62,704
|
|
|
|
|
|
|
Capital and
reserves
|
|
|
|
|
|
Issued and paid-in
capital
|
|
|
41,449
|
|
41,050
|
Additional paid-in
capital
|
|
|
61,005
|
|
51,854
|
Other
reserves
|
|
|
(942)
|
|
(2,012)
|
Retained
earnings
|
|
|
95,643
|
|
69,243
|
Total equity
attributable to owners of the Company
|
|
|
197,155
|
|
160,135
|
Non-controlling
interests
|
|
|
32
|
|
50
|
Total
equity
|
|
|
197,187
|
|
160,185
|
TOTAL EQUITY AND
LIABILITIES
|
|
|
262,442
|
|
222,889
|
Supplemental
Non-IFRS Financial Information
|
(In thousands of
U.S. dollars, unaudited)
|
|
|
|
|
Nine months
ended
|
|
Three months
ended
|
|
|
|
September 30,
2016
|
|
September 30,
2015
|
|
September 30,
2016
|
|
September 30,
2015
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of
adjusted gross profit
|
|
|
|
|
|
|
|
|
|
Gross
Profit
|
|
|
97,408
|
|
66,752
|
|
32,677
|
|
24,643
|
Adjustments
|
|
|
|
|
|
|
|
|
|
Depreciation
and amortization expense
|
|
|
3,189
|
|
3,347
|
|
1,260
|
|
1,073
|
Share-based
compensation expense
|
|
|
711
|
|
517
|
|
263
|
|
445
|
Adjusted gross
profit
|
|
|
101,308
|
|
70,616
|
|
34,200
|
|
26,161
|
Adjusted gross
profit margin
|
|
|
43.0%
|
|
38.8%
|
|
41.5%
|
|
39.0%
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of
selling, general and administrative expenses
|
|
|
|
|
|
|
|
|
|
Selling, general and
administrative expenses
|
|
|
(58,998)
|
|
(52,123)
|
|
(20,910)
|
|
(18,705)
|
Adjustments
|
|
|
|
|
|
|
|
|
|
M&A
Expenses
|
|
|
|
|
|
|
|
|
|
Depreciation
and amortization expense
|
|
|
4,536
|
|
3,769
|
|
1,769
|
|
1,297
|
Acquisition
related costs
|
|
|
-
|
|
337
|
|
-
|
|
-
|
Share-based
compensation expense
|
|
|
2,042
|
|
1,146
|
|
756
|
|
471
|
Adjusted selling,
general and administrative expenses
|
|
|
(52,420)
|
|
(46,871)
|
|
(18,385)
|
|
(16,937)
|
Adjusted selling,
general and administrative expenses as % of revenues
|
|
(22.2)%
|
|
(25.7)%
|
|
(22.3)%
|
|
(25.2)%
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of
Adjusted Profit from Operations
|
|
|
|
|
|
|
|
|
|
Operating
Profit
|
|
|
38,410
|
|
16,449
|
|
11,767
|
|
5,938
|
Adjustments
|
|
|
|
|
|
|
|
|
|
M&A
Expenses
|
|
|
|
|
|
|
|
|
|
Impairment of
tax credits, net of recoveries
|
|
|
-
|
|
(1,820)
|
|
-
|
|
-
|
Acquisition
related costs
|
|
|
-
|
|
337
|
|
-
|
|
-
|
Share-based
compensation expense
|
|
|
2,753
|
|
1,663
|
|
1,019
|
|
916
|
Adjusted Profit
from Operations
|
|
|
41,163
|
|
16,629
|
|
12,786
|
|
6,854
|
Adjusted Profit
from Operations margin
|
|
|
17.5%
|
|
9.1%
|
|
15.5%
|
|
10.2%
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of
Net income for the period
|
|
|
|
|
|
|
|
|
|
Net income for the
period
|
|
|
26,382
|
|
23,308
|
|
9,528
|
|
8,230
|
Adjustments
|
|
|
|
|
|
|
|
|
|
M&A
Expenses
|
|
|
|
|
|
|
|
|
|
Share-based
compensation expense
|
|
|
2,753
|
|
1,663
|
|
1,019
|
|
916
|
Acquisition
related costs
|
|
|
-
|
|
337
|
|
-
|
|
-
|
Adjusted Net
income
|
|
|
29,135
|
|
25,308
|
|
10,547
|
|
9,146
|
Adjusted Net
income margin
|
|
|
12.4%
|
|
13.9%
|
|
12.8%
|
|
13.6%
|
|
|
|
|
|
|
|
|
|
|
Calculation of
Adjusted Diluted EPS
|
|
|
|
|
|
|
|
|
|
Adjusted Net
income
|
|
|
29,135
|
|
25,308
|
|
10,547
|
|
9,146
|
Diluted
shares
|
|
|
35,328
|
|
34,950
|
|
35,457
|
|
35,143
|
Adjusted Diluted
EPS
|
|
|
0.82
|
|
0.72
|
|
0.30
|
|
0.26
|
Globant
S.A.
|
Schedule of
Supplemental Information (unaudited)
|
|
Metric
|
Q1
2015
|
Q2
2015
|
Q3
2015
|
Q4
2015
|
Q1
2016
|
Q2
2016
|
Q3
2016
|
|
|
|
|
|
|
|
|
Total
Employees
|
4,040
|
4,512
|
4,724
|
5,041
|
5,285
|
5,380
|
5,421
|
IT
Professionals
|
3,694
|
4,121
|
4,327
|
4,613
|
4,847
|
4,932
|
4,983
|
|
|
|
|
|
|
|
|
North America Revenue
%
|
84.1
|
85.2
|
84.1
|
81.7
|
82.2
|
81.1
|
81.4
|
Latin America and
Others Revenue %
|
10.1
|
9.7
|
11.5
|
12.2
|
10.8
|
10.7
|
9.4
|
Europe Revenue
%
|
5.8
|
5.1
|
4.4
|
6.0
|
7.0
|
8.2
|
9.2
|
|
|
|
|
|
|
|
|
USD Revenue
%
|
95.0
|
94.6
|
93.3
|
90.8
|
91.9
|
90.9
|
89.7
|
GBP Revenue
%
|
1.0
|
0.8
|
1.4
|
2.4
|
0.4
|
1.2
|
2.8
|
Other Currencies
Revenue %
|
4.0
|
4.6
|
5.3
|
6.8
|
7.8
|
7.9
|
7.5
|
|
|
|
|
|
|
|
|
Top Customer
%
|
10.2
|
12.3
|
13.4
|
12.7
|
11.6
|
10.0
|
10.4
|
Top 5 Customers
%
|
30.8
|
32.8
|
33.2
|
34.4
|
36.4
|
34.2
|
33.9
|
Top 10 Customers
%
|
47.8
|
47.7
|
45.9
|
46.4
|
48.4
|
46.4
|
46.8
|
|
|
|
|
|
|
|
|
Customers Served
(Last Twelve Months)
|
292
|
344
|
343
|
344
|
359
|
366
|
354
|
Customers with
>$1M in Revenue (Last Twelve Months)
|
43
|
43
|
47
|
51
|
49
|
57
|
61
|
Investor Relations Contact:
Juan Urthiague, Globant
investors@globant.com
(877) 215-5230
Media Contact:
Ivette Almeida, Paragon PR
Geena De Rose, Paragon PR
globant@paragonpr.com
(877) 215-5230
Logo -
http://photos.prnewswire.com/prnh/20120802/MX50844LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/globant-reports-2016-third-quarter-financial-results-300362267.html
SOURCE Globant