Globant unveils new $125 million share repurchase program

"As our business continues to solidify, aligned to our strategy based on an AI-first mindset, we see an important opportunity to deliver enhanced value to our shareholders. This share repurchase program demonstrates our strong confidence in
"This share repurchase program is supported by our free cash flow generation, and it's a key component of our disciplined capital allocation strategy. As we engage in this program, we will continue investing in strategic growth initiatives," added Juan Urthiague,
The timing and price of repurchases as well as the actual number of shares repurchased under the program will be at the discretion of
Purchases may be made from time to time at management's discretion. The share repurchase program permits shares to be repurchased in a variety of methods, including but not limited to open market repurchases or accelerated share repurchases.
About
At
- We have more than 30,000 employees and are present in over 35 countries across 5 continents, working for companies like Google, Electronic Arts, and Santander, among others.
- We were named a Worldwide Leader in AI Services (2023) and a Worldwide Leader in Media Consultation, Integration, and Business Operations Cloud Service Providers (2024) by IDC MarketScape report.
- We are the fastest-growing IT brand and the 5th strongest IT brand globally (2024), according to Brand Finance.
- We were featured as a business case study at Harvard,
MIT , andStanford . - We are active members of
The Green Software Foundation (GSF) and the Cybersecurity Tech Accord. - We are global partners of Open AI, NVIDIA, AWS and Unity bringing world-class technology together to accelerate innovation across industries.
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Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "should," "plan," "expect," "predict," "potential," or the negative of these terms or other similar expressions. These statements include, but are not limited to, statements related to potential share repurchases and reflect
Because of these uncertainties, you should not make any investment decisions based on our forward-looking statements. Except as required by law, we undertake no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information, future events or otherwise.
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