Globant S.A. (NYSE:GLOB) Q1 2022 Earnings Conference Call May 19, 2022 4:30 PM ET

Company Participants

Carolina Dolan Chandler – Chief Digital Officer

Martin Migoya – Co-Founder and Chief Executive Officer

Juan Urthiague – Chief Financial Officer

Patricia Pomies – Chief Operating Officer

Diego Tartara – Global Chief Technology Officer

Conference Call Participants

Tien-Tsin Huang – JPMorgan

Ryan Potter – Citi

Arturo Langa – Itau

Diego Aragao – Goldman Sachs

Surinder Thind – Jefferies

Moshe Katri – Wedbush

Zack Ajzenman – Cowen

Jamesmichael Sherman-Lewis – Piper Sandler

Carolina Dolan Chandler

Good day and welcome to Globant's First Quarter 2022 Earnings Conference Call. I am Carolina Dolan Chandler, Chief Digital Officer at Globant. All participants on this call will be on listen-only mode. After today's presentation, there will be an opportunity to ask questions. Please note that 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 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 answers to some of our 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 Martin Migoya, our CEO.

Martin Migoya

Good afternoon everyone. I'm happy to be back with you again. This has been another important quarter for our company's growth. I'm excited to share some of our news and updates. Globant's creativity, innovation and entrepreneurial culture continues to deliver strong results. In Q1, total revenue was $401.4 million, representing 48.6% year-over-year growth and 5.7% quarter-over-quarter growth. This was made possible by our ability to meet the expanding demand for digital transformation. Regardless the short-term events in global markets and geopolitics, organizations everywhere need the right technologies to grow. Because of these garner estimates that through 2025 75% of enterprises will accelerate their plans for digital business transformation. Across all sectors and geographies users need to interact seamlessly with companies at all times, so organizations are eager to leverage all sort of technologies and touch points to deliver superb experiences.