Loading exclusive…
$GLOB: Guidance, Not the Beat, Sets the Floor
Revenue rose 18% YoY; adjusted EPS beat consensus by 21%. Q3 EPS guidance of $1.35 implies sequential growth.
Key Points
- Q2 EPS of $1.40 beat consensus of $1.16 by 21%.
- Revenue of $685 million rose 18% YoY.
- Q3 EPS guidance of $1.35 implies sequential decline due to hiring.
- Gross margin expanded to 32.5%, up 150 bps YoY.
- AI projects now 40% of $1.2 billion backlog.
What To Watch
- Q3 earnings print vs $1.35 guidance.
- Sequential revenue growth to $710 million.
- Margin expansion in Q4 as new hires ramp.
- Updates on AI contract wins and backlog conversion.