Earnings release
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Exhibit 99.1 August 12 , 2021 Globant Reports 2021 Second Quarter Financial Results Strong Performance Amid Robust Demand Environment Second quarter revenues of $ 305.3 million , up 67.1 % year - over - year IFRS Diluted EPS of $ 0.48 for the second quarter Non - IFRS Diluted EPS of $ 0.88 for the second quarter Luxembourg / August 12 , 2021 - Globant ( NYSE : GLOB ) , a digitally native technology services company , today announced results for the three and six months ended June 30 , 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 . Second Quarter 2021 Financial Highlights • • Revenues rose to $ 305.3 million , representing 67.1 % year - over - year growth compared to the second quarter of 2020 . IFRS Gross Profit margin was 38.0 % compared to 36.3 % in the second quarter of 2020 . Non - IFRS Adjusted Gross Profit Margin was 39.3 % compared to 38.2 % in the second quarter of 2020 . • IFRS Profit from Operations Margin was 10.1 % compared to 8.1 % in the second quarter of 2020 . • • IFRS Diluted EPS was $ 0.48 compared to $ 0.26 in the second quarter of 2020 . • Non - IFRS Adjusted Profit from Operations Margin was 16.2 % compared to 13.5 % in the second quarter of 2020 . Non - IFRS Adjusted Diluted EPS was $ 0.88 compared to $ 0.45 in the second quarter of 2020 . Six months ended June 30 , 2021 Financial Highlights • • • • • Revenues rose to $ 575.4 million , representing 53.7 % year - over - year growth compared to the first six months of 2020 . IFRS Gross Profit margin was 38.1 % compared to 37.0 % in the first six months of 2020 . Non - IFRS Adjusted Gross Profit Margin was 39.4 % compared to 38.9 % in the first six months of 2020 . IFRS Profit from Operations Margin was 10.6 % compared to 8.9 % in the first six months of 2020 Non - IFRS Adjusted Profit from Operations Margin was 16.4 % compared to 14.6 % in the first six months of 2020 . IFRS Diluted EPS was $ 1.01 compared to $ 0.60 in the first six months of 2020 . Non - IFRS Adjusted Diluted EPS was $ 1.71 compared to $ 1.04 in the first six months of 2020 . Other Metrics as of and for the quarter ended June 30 , 2021 • • • Cash and cash equivalents and Short - term investments totaled $ 465.0 million as of June 30 , 2021 , an increase of $ 166.8 million from $ 298.2 million as of December 31 , 2020. During the second quarter of 2021 , we raised approximately $ 286.2 million in net proceeds from our equity offering of 1.38 million shares . As of June 30 , 2021 , our credit facility was fully undrawn . Globant completed the second quarter of 2021 with 19,428 Globers , 18,350 of whom were technology , design and innovation professionals . The geographic revenue breakdown for the second quarter of 2021 was as follows : 63.8 % from North America ( top country : US ) , 21.6 % from Latin America and others ( top country : Argentina ) , 13.2 % from Europe ( top country : Spain ) and 1.4 % from Asia ( top country : Japan ) . In terms of currencies , 76.4 % of Globant's revenues for the second quarter of 2021 were denominated in US dollars .