Globant S.A. (NYSE:GLOB) Q2 2022 Earnings Conference Call August 18, 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
Ryan Potter - Citi
Zachary Ajzenman - Cowen
Maggie Nolan - William Blair
Surinder Thind - Jefferies
Arvind Ramnani - Piper Sandler
Arturo Langa
Good day, and welcome to Globant's Second Quarter 2022 Earnings Conference Call. I am Arturo Langa, Investor Relations Officer at Globant. [Operator Instructions] Please note, this event is being recorded and streamed live on YouTube. By now, you should 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 Martín 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 answers to some of your questions. Such statements are subject to the 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's results.
I'd now like to turn the call over to Martín Migoya, our CEO.
Martín Migoya
Thank you, Arturo, and hello, everyone. Please join me in welcoming Arturo, our new Investor Relations Officer. It is great to be back with you after another strong quarter of growth. I am happy to discuss how we will continue to reinvent this industry moving forward. But first, let's look at Q2.
Total revenue was $429.3 million, representing 40.6% year-over-year growth and 6.9% quarter-over-quarter growth. In the eight years since our IPO, Globant has consistently delivered industry-leading growth of approximately 31% CAGR. We will keep to our growth mindset as Globant expands in its geographies, reinvention offerings and array of platforms. Our commitment only strengthened in today's market environment. We see an increasing demand of our services and perspectives.