Globant S.A. (NYSE:GLOB) shares are trading higher on Friday after the company reported first-quarter results on Thursday.

Earnings Snapshot

Adjusted EPS of $1.50, in line with consensus expectations.

Revenue of $607.1 million slightly exceeded the $601.7 million estimate.

Adjusted gross margin declined to 37.0% from 38.0% a year ago quarter, and adjusted operating margin narrowed to 14.1% from 14.8% in the prior year.

As of March 31, 2026, cash, cash equivalents, and short-term investments totaled $200.5 million.

The company also repurchased $50 million of shares during the quarter, with $25 million remaining under its current buyback authorization.

Segment & Geographies Performance

Geographically, revenue was derived 53.5% from North America, 20.5% from Latin America, 19.7% from Europe, and 6.3% from new markets, with the U.S., Argentina, Spain, and Saudi Arabia serving as the top contributors within each region.

The company's top customer accounted for 8.9% of revenue, while the top five and top 10 customers represented 21.1% and 30.5%, respectively.

Over the last 12 months, Globant served 943 customers generating more than $100,000 in annual ...