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Exhibit 99.1 May 13 , 2021 Globant Reports 2021 First Quarter Financial Results Strong Start to the Year year - over - year First quarter revenues of $ 270.2 million , up 41.0 % IFRS Diluted EPS of $ 0.53 for the first quarter Non - IFRS Diluted EPS of $ 0.83 for the first quarter Luxembourg / May 13 , 2021 - Globant ( NYSE : GLOB ) , a digitally native technology services company , today announced results for the three months ended March 31 , 2021 . Please see highlights below , including certain Non - IFRS measures . Note that reconciliations between Non - IFRS financial measures and IFRS operating results are disclosed at the end of this press release . First Quarter 2021 Financial Highlights • • • Revenues rose to $ 270.2 million , representing 41.0 % year - over - year growth compared to the first quarter of 2020 . IFRS Gross Profit margin was 38.2 % compared to 37.7 % in the first quarter of 2020 . Non - IFRS Adjusted Gross Profit Margin was 39.6 % compared to 39.5 % in the first quarter of 2020 . IFRS Profit from Operations Margin was 11.2 % compared to 9.8 % in the first quarter of 2020 . Non - IFRS Adjusted Profit from Operations Margin was 16.6 % compared to 15.6 % in the first quarter of 2020 . IFRS Diluted EPS was $ 0.53 compared to $ 0.35 in the first quarter of 2020 . Non - IFRS Adjusted Diluted EPS was $ 0.83 compared to $ 0.59 in the first quarter of 2020.¹ Other Metrics as of and for the quarter ended March 31 , 2021 1 • • Cash and cash equivalents and Short - term investments totaled $ 195.6 million as of March 31 , 2021 , a decrease of $ 102.6 million , from $ 298.2 million as of December 31 , 2020 , driven by repayment of our credit facility , M & A payments , investments , payments of bonus and taxes . As of March 31 , 2021 , our credit facility was fully undrawn . Globant completed the first quarter of 2021 with 17,267 Globers , 16,284 of whom were technology , design and innovation professionals . The geographic revenue breakdown for the first quarter of 2021 was as follows : 63.1 % from North America ( top country : US ) , 23.6 % from Latin America and others ( top country : Chile ) , 12.0 % from Europe ( top country : Spain ) and 1.3 % from Asia ( top country : Japan ) . Non IFRS Adjusted Diluted EPS for both periods presented in this line item reflects the tax impact of non IFRS adjustments . For more information , refer to the reconciliations between non IFRS financial measures and IFRS operating results at the end of this press release . Excluding the tax impact , our non IFRS Adjusted Diluted EPS for the first quarter of 2021 was $ 0.90 , compared to $ 0.64 in the first quarter of 2020 .