Globant rises on higher Q2 profit, revenue

GLOBANT

18/08/2023 14:12

** U.S. shares of software development company Globant
 2G2.F   GLOB.N  up 0.6% at $164 premarket
    ** Co on Thursday posted Q2 adj. diluted EPS of $1.36 vs
$1.22 last year
    ** Revenue rose 15.9% YoY to $497.5 mln
    ** Fourteen brokerages rate the stock "buy" or higher, and 1
"hold"; their median PT is $217 - Refinitiv
    ** As of last close, shares down ~4% YTD

 (Reporting by Pritam Biswas in Bengaluru)
 ((Pritam.Biswas@thomsonreuters.com))