Akcie Globant SA decreased more than 8% in early trading on Tuesday after the IT services provider reported a revenue miss for the second quarter and issued a cautious outlook for the full year.
Buenos Aires-based company posted second-quarter revenue of $1.13 billion, below the $1.15 billion consensus estimate compiled by Refinitiv. Adjusted earnings per share came in at $1.32, also missing analyst expectations of $1.38.
Globant revidated its full-year revenue guidance to a range of $4.55 billion to $4.65 billion, down from a prior forecast of $4.7 billion to $4.8 billion. The company cited ongoing macroeconomic uncertainty, including slower client spending and geopolitical risks, as key factors behind the revision.
Президент Martin Migoya заявил в своем заявлении, что, хотя спрос на услуги цифрового трансформации остается сильным, клиенты проявляют большую осторожность в дискреционных расходах в условиях экономических трудностей. «Мы наблюдаем более избирательный подход к инвестициям», — заявил Migoya.
Şirket, yıl için 14% ile 15% arasındaki düzeltilmiş operasyonel margin hedefini korudu, ancak parite dalgalanmalarının sonuçları tehdit edebileceği konusunda uyardı. Globant, gelirlerini büyük ölçüde ABD doları üzerinden elde ediyor ama kârı Argentin pesos olarak raporlıyor, ve bu paranın dolar karşısında son aylarda ciddi şekilde zayıfladı.
Analistene i JPMorgan påpeget at reduksjonen av prognosen reflekterer de bredere pressene i IT-tjenestesektoren, hvor kunderne prioriterer kostnadsbesparelser fremfor vekstorienterte prosjekter. Banken beholdt en neutral rating på aksjen med et prismål på 1.400 dollar, ned fra 1.500 dollar tidligere.
Globant’s shares have declined about 15% this year, underperforming the broader IT services sector. The company’s market capitalization stands at approximately $12 billion as of Tuesday’s trading session.
