Globant S.A. (NYSE:GLOB) Q3 2022 Earnings Conference Call November 17, 2022 4:30 PM ET
Company Participants
Arturo Langa - IR
Martín Migoya - Co-Founder and CEO
Juan Urthiague - CFO
Patricia Pomies - COO
Diego Tartara - Global Chief Technology Officer
Conference Call Participants
Tien-Tsin Huang - JPMorgan
Ashwin Shirvaikar - Citi
Moshe Katri - Wedbush
Ernesto Gonzalez - Morgan Stanley
Bryan Bergin - Cowen
Walter Chiarvesio - Santander
John Nutt - Piper Sandler
Diego Aragão - Goldman Sachs
Arturo Langa
Good day, and welcome to Globant's Third Quarter 2022 Earnings Conference Call. I'm Arturo Langa, Investor Relations Officer at Globant. [Operator Instructions] Please note, this event is being recorded and streamed live on YouTube. By now, you have received a copy of the earnings release. If you have not, a copy is available on our website, investors.globant.com.
Our speakers today are Martin Migoya, Co-Founder and Chief Executive Officer; Juan Urthiague, Chief Financial Officer; Patricia Pomies, Chief Operating Officer; and Diego Tartara Global Chief Technology Officer.
Before we begin, I would like to remind you that some of the comments on our call today may be deemed forward-looking statements. This includes our business and financial outlook and the answer to some of your questions. Such statements are subject to risks and uncertainties as described in the company's earnings release and other filings with the SEC.
Please note that we follow IFRS accounting rules in our financial statements. During our call today, we will report non-IFRS or adjusted measures, which is how we track performance internally and the easiest way to compare Globant to our peers in the industry. You will find a reconciliation of IFRS and non-IFRS measures at the end of the press release we published on our Investor Relations website announcing this quarter results.
I'd now like to turn the call over to Martin Migoya, our CEO.
Martín Migoya
Thank you, Arturo, and hello, everyone. It's great to be here to share our Q3 results. Globant continues to deliver on our commitment to grow and to be the best transformation partner for our clients. My team and I are identifying the strongest growth opportunities ahead and going for them. I'm looking forward to discussing our outlook with you. But first, let's begin with the financial results.
In Q3, Globant brought in $458.9 million in revenue. This represents 34.2% year-over-year growth and 6.9% on quarter-over-quarter growth. We continue to lead above the broader market. We are delivering strong revenue growth, robust profitability and generating healthy free cash flow. Globant is fully committed to delivering 360 transformations with consumer-centric solutions. We execute this through smart process optimization that helps streamline operations and achieve maximum efficiency.