Globant S.A. (NYSE:GLOB) Q4 2023 Earnings Call Transcript

Surinder Thind: But I guess ultimately, would you disagree with the statement that your organic growth expectations have come down over the past quarter or two?

Juan Urthiague : Well, I mean, the market was expecting a bigger number back in November. I think that everybody was expecting the economy also to be again, much stronger by now with interest rates coming down. That hasn’t happened, inflation yesterday came above what people were expecting. So again we think that starting the year at 10% plus organic growth is a very good number. Of course, we would like to do much more than that. We would like to 20%, 25%, whatever. But that’s what we can guide responsibly at the beginning of the year.

Surinder Thind: Okay, no, that’s fair. I don’t disagree. I mean, 10% is an excellent number in the environment. It was just on a relative basis.

Martin Migoya: Yes. And again, we’re starting the year. It’s the moment to adjust any expectation and to be able to generate the space for us to keep on growing, right. And this is what we have been doing in every single quarter since the last many, many years. So I strongly believe that we may surpass that number. But this is what we want to guide at this very moment. And by the way, on your comments, and I totally agree that there’s a lot of competitors out there. I still believe we have the best-in-class and by far growth proposed for 2024. So even on the organic growth side, and I believe that we will keep on delivering that differential performance that characterized Globant in the past, so.

Surinder Thind: Okay, thank you. I mean, I had no disagreement that you guys are definitely have the highest or the strongest outlook for 2024. So thank you.

Arturo Langa: Thank you, Surinder. That will conclude the Q&A section for today. Thank you all for joining the call. I will now ask Martin to provide some closing comments. Please go ahead, Martin.

Martin Migoya: Hey, thank you so much. Thank you, everyone, for participating here. We are really happy with our performance 2023 and the outlook for 2024 and really looking forward to keep on talking in the next quarters. And thank you for your support and for your patience and for your understanding. Thank you. Bye-bye.