Globant SA's stock soared 5.34% in the after-hours session following the release of its first-quarter financial results.

The Luxembourg-based IT services firm reported quarterly revenue of $607.085 million, slightly beating the analyst consensus estimate of $601.704 million. Adjusted earnings per share came in at $1.50, meeting expectations. The company also announced a new $125 million share repurchase program after completing its prior buyback plan, signaling confidence in its financial position and commitment to returning value to shareholders.

Furthermore, Globant provided a positive outlook, forecasting Q2 revenue between $610 million and $616 million and projecting full-year 2026 revenue in the range of $2.462 billion to $2.508 billion. The company attributed its performance to early benefits from its pivot to AI-integrated delivery, growth from top clients, and achieving record revenue per head, which demonstrates higher value and operational efficiency.