2/19/2021

speaker
Stephen Anders
Analyst, KeyBank

So, yeah, thank you again and look forward to our conversation.

speaker
Amit Singh
Head of Finance and Investor Relations for the US

Good day, and welcome to Globin's fourth quarter 2020 earnings conference call. I'm Amit Singh, head of finance and investor relations for the US. All participants on this call will be on listen-only mode. After today's presentation, there'll be an opportunity to ask questions. Please note, 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.globin.com. Our speakers today are Martin McGuire, co-founder and chief executive officer, Juan Urtiaga, chief financial officer, and Patricia Pomies, chief delivery and people 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 your 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 Globin 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 McGuire, our CEO.

speaker
Martin McGuire
Co-founder and Chief Executive Officer

Thanks, Amit, and hello, everyone. As I join you today, we look back on quarter four, but I'd like also to reflect on the full year of 2020. we all faced unprecedented change from the major events of the year and saw an accelerated digitalization both in business and our own personal lives. Globant responded by helping organizations adapt to this change. In Q4, we made $232.6 million in revenue, coming to a 26.2% year-over-year growth. For the full year 2020, we made $814.1 million, up 23.5% from the previous year. Looking forward, we will keep on going. There's a great opportunity for Globant to maintain strong revenue growth over the long term. We are here to reinvent the professional services industry. It is not just about technology or software products, when in fact the human capabilities, creativity and innovative mindset of the organization are key to a successful transformation. Globant's true value comes from our future-centric vision. We create a way forward for our clients to become what we call augmented organizations. We work alongside them to bring together strategy, sustainable business models, digital trends, AI, and inclusive culture to unleash their potential. To do this, we're focusing on six pillars that impact every dimension of the organization. One, sustainable business strategy. Two, culture and agility. Three, engaging experiences. Four, adaptive organizations. Five, technology and data. And six, augmented capabilities. Our studios continue to bring together deep understanding of the latest technologies and trends. The studios combined with our accelerators allow us to deliver these transformations across all of these pillars. Let me double click on some of these pillars. Like I say, to deliver true digital transformation, we pay special focus on rethinking business models with our customers. On this line, we took a step further on December 18th. We welcomed the newest member of our family, Blue Cup. This Barcelona-based company excels in the value-added consulting, particularly in financial services. Their team of 160 consultants has a high-end expertise with some of the largest players such as Santander, CaixaBank and Sabadell. I'm very enthusiastic to have Maite Barrera, Blue Caps founder and CEO, already working with Globan's senior executive team to craft our way forward together. Blue Caps team will be key to continue strengthening our consulting portfolio in this vibrant sector and beyond. Our future-centric approach also means putting sustainability at the forefront. In this new green economy, leaving sustainability on the side is no longer an option. Under our six-pillar approach, we provide organizations with a long-term roadmap to create new inclusive business legitimacy. Finally, augmented capabilities means bringing AI to enhance every area, process or service of the organization. An example of this is augmented coding. With it, we are already reinventing the concept of software creation in many of our clients as we boost coding with artificial intelligence. as there was a major social change and a global focus on equal opportunity. At Globan, this has always been a focus. Diversity is in our DNA. It is something that we celebrate both within our company and with our stakeholder community. At last quarter's earnings call, Pato and I share with you our excitement about Women That Build Awards. We wanted to recognize the overlooked accomplishments of women in technology, and we want to inspire more of them to innovate, lead, and embrace entrepreneurship. The turnout surpassed all expectations. It was inspirational to hear the stories of how many of these women blew away obstacles in a positive and uplifting way for their communities. I look forward to more events like this one. Diversity in technology isn't just an initiative for our sector. It is good for our company too. Our teams benefit from having a more rounded perspective to solve the world's problems. Diversity is what makes the global concept work. To go deeper in this concept, Patricia Pomies is with us again, our Chief Delivery and People Officer. Pato, please.

Disclaimer

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Investor presentation