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Globant S.A. serves medium- and large-sized companies that need to update their technology and put AI to work. It combines software engineering, design and industry expertise to build digital solutions and change business processes. Most revenue comes from charging clients for the hours its professionals work on projects, with rates varying by project complexity and staffing mix. Fixed-price projects contribute a smaller share; software licenses and other arrangements contribute relatively little.
Globant also offers AI Pods, subscriptions that give clients access to AI-enabled software development, design and testing supported by its professionals and the Globant Enterprise AI platform. This model complements rather than replaces its traditional project services.
The business relies heavily on continued work from existing clients. Its largest clients supply a substantial share of revenue, and The Walt Disney Company is its largest customer. Most contracts do not promise future work, and clients can use other providers. Profitability depends on keeping staff productively assigned and managing wages against agreed client rates. Privacy and data-localization rules also govern how Globant handles client data and can restrict transfers between countries.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
EPAM and GLOBANT S.A. compete for enterprise budgets to build software and deliver digital and AI transformation, combining engineering, design and consulting. Watch EPAM’s cloud, data and AI services for signs of demand for the work both sell.
Endava plc competes with GLOBANT S.A. for clients paying to design, build and deploy digital products and AI-enabled business systems. Its software engineering and data-and-AI work offers a view of spending on similar projects.
CI&T Inc and GLOBANT S.A. compete for enterprise clients buying software development and consulting. Watch CI&T’s expansion in North America, where it is investing heavily and which also accounts for most of Globant’s revenue by client site served.
Grid Dynamics competes with GLOBANT S.A. for large enterprises paying to build software, digital experiences and AI systems. Watch its work moving clients from AI trials into business-wide deployment, where the two companies’ services overlap.
Accenture competes with GLOBANT S.A. for enterprise spending on technology consulting, business transformation and digital marketing. Its consulting and Song work are the parts to watch for demand overlapping Globant’s technology and marketing services.
Cognizant competes with GLOBANT S.A. for enterprise projects to develop software, check its quality and implement AI transformation. Watch its application development and modernization work rather than treating all its business-process and infrastructure services as comparable.
Infosys competes with GLOBANT S.A. for clients paying to develop applications, connect business systems and build digital experiences and AI services. Its application modernization work is a useful window into the technology upgrades both pursue.
Wipro competes with GLOBANT S.A. for enterprise spending on application engineering, consulting, cloud, data and AI transformation. Watch demand for its application development and modernization services, not its separate sales of third-party IT products.
The Walt Disney Company, whose businesses span entertainment, sports and parks, is GLOBANT S.A.’s largest paying technology-services client, contributing 8.7% of its revenue in each of 2023, 2024 and 2025. Watch Disney’s technology-project allocations: Globant’s client contracts generally do not guarantee future work, and it is generally not the exclusive provider.
CGI Inc. competes with GLOBANT S.A. for clients paying to plan, design and implement digital business systems, but puts more emphasis on taking responsibility for clients’ IT operations—managed services. Its consulting and systems-integration work is the closer comparison for Globant’s project business.
DXC Technology’s consulting and engineering business competes with GLOBANT S.A. for clients buying software development, enterprise applications and digital transformation. Watch that business’s results rather than DXC’s separate infrastructure and insurance-software businesses.
IBM’s consulting services compete with GLOBANT S.A. for enterprise clients paying to transform digital systems, connect cloud environments and implement AI. Watch consulting work on application modernization and AI deployment, rather than IBM’s separate software and infrastructure businesses.
Fed Interest Rate Decision
The Fed’s rate decision tracks the cost of borrowing across the economy; it can change the interest Globant pays on loans tied to SOFR or the Alternate Base Rate.
Expected4.0%Last release4.0%
If it comes in above expectations
If the policy rate is above the estimate, higher borrowing costs may raise Globant’s interest expense on loans that reprice, leaving less of its client-service revenue to support profit.
If it comes in below expectations
If the policy rate is below the estimate, lower borrowing costs may reduce Globant’s interest expense on loans that reprice, leaving more of its client-service revenue to support profit.
Endava plc earningsDAVA
Endava plc's report will show how clients are spending on software engineering and data-and-AI projects, work it competes with Globant to win.
Read Endava plc's revenue trend alongside what it says about demand for software engineering and data-and-AI projects; compare any disclosed figures for those services with total revenue growth. Rising revenue and stronger demand for that work would suggest more room in the budgets both companies pursue. Weakening revenue or cooler demand would point to clients delaying or reducing similar projects, putting more pressure on Globant's work in those areas.
GLOBANT S.A. earningsThis company
Globant's report will show whether enterprise clients are adding digital and AI projects without squeezing the profit it earns on delivery.
Read revenue growth alongside gross margin, the share of revenue left after direct delivery costs. Faster growth with a stable or rising margin would suggest project demand is expanding without engineer pay, staffing mix or delivery costs consuming the gain. Slower growth with a falling margin would point to too little new client work, or rising delivery costs squeezing profit. Together, they show whether Globant's project growth is both expanding and economically sound.
The Walt Disney Company earningsDIS
Disney contributed 8.7% of Globant's revenue in 2025, and its report can show whether this major client is still investing in technology projects.
Look for any disclosed technology-project spending or allocation and read it alongside Disney's broader spending plans. Steady or higher technology investment would suggest this major client is still setting money aside for related work; cuts or delays would raise the risk that Globant gets less work or receives it later. Disney's report alone cannot establish Globant's specific bookings.
