improvement. Thank This This everyone. has revenue marks of another outstanding been margin performance. growth quarter another you, Pato, and quarter afternoon, of Globant's and good strong strong year
Let the go some me through of highlights.
and year-over-year, currency, year-on-year in level at In terms reached constant revenue for constant up revenues $XXX.X XX.X% revenue Our sequentially. within XX.X% QX. guidance range. X.X% the record a an year-over-year, of X.X% X.X% million, currency stood organic growth growth estimate and sequentially We
for million, currency, strong expansion the of the service with contributions XX.X% reinvention grew the growth both the This from and for guidance was driven and XX.X%, year was XXXX network growth full prior In within studio for constant our by above Revenue important our or while year was company range, growth $X,XXX. currency network, the our X.X%. footprint X constant over revenues GUT the the year. Studio offerings AI growth global posted average. industry which organic
We gross up year-over-year. XX quarter profit QX delivered margins. basis closed of with improving adjusted a points margin XX.X%, We of an
of Our highest recorded margin an at operating adjusted year-over-year. X reflected basis in the past quarters increase XX.X%, the XX points
XX.X% XX income up adjusted our up net ending and a at diluted $XX.X effective rate higher Adjusted end the for at with profit stood tax net quarter, an SG&A points basis was XX.X% stood year-over-year, Adjusted X% adjusted million, EPS our at $X.XX, sequentially. the of previous margin, in resulting guidance. of XX.X%,
points our income the adjusted gross SG&A margin closed XX performance, was stood XX.X%, full basis rate points XXXX. XX.X% year diluted tax an Regarding $X.XX, basis previous an up net versus year-over-year. in at and XXXX profit operating EPS at Adjusted XX.X% Adjusted was year. up net stood resulting margin. margin the with Adjusted relative for to profit up XX.X%, XX.X%, XX effective at our $XXX.X year the adjusted million, adjusted XX.X%, of
net or in Our debt. million with balance million investments, healthy, short-term remains quarter and in ending $XXX.X sheet the $XXX.X cash
facility, our the the of As support our had year, have revolving we liquidity drawn to $XXX.X credit from $XXX million million initiatives. we end ample of growth
free On resulting flow adjusted year million, adjusted net cash to $XXX.X free ratio net ratio flow During XX.X%. a in of $XXX.X quarter, of full cash fourth the quarter. we a million generated fourth cash free income XXX.X% to for achieving of flow, income was basis, a the
let's guidance. Now discuss
the year, We and more quarter growth immediate will color next current start full in guiding constant underlying our currency, volatility into provide both to the the for given FX. aiming
expecting cone. sports muted our in project seasonality vertical. already in billable we due negative been the lower start to and Alongside QX, a had the important holidays Regarding more roll-offs year to days, southern
were Additionally, now that previously we are embedding expecting. not two factors
recent Latin political the and First, volatility in conditions specifically macroeconomic is impacting the Mexico in Brazil. America, and demand in
slightly QX, very down at phase following top client revenues in our investment expect to we Second, be XXXX. a in strong HX
range in this forecasting for mid- year. are to We the high the single-digit account grow to
XX.X% For $XXX in X.X% revenues FX million headwind. of basis QX, for range we in the XXX year-over-year points expect accounting $XXX XX% constant or of to to an increase XX% a million, which currency, increase, to approximately represents
QX range, expected diluted expected IFRS $X.XX, margins first and to XX% average income to XXXX, XX.X $X.XX in The For operating million be for XX.X%. of EPS adjusted is adjusted effective XX% assuming be our shares. expect to between XX.X% between tax and rate now is an the we quarter the to
pipeline to see incremental headwinds strong despite we an in are QX, recovery encouraging should and to half seeing a revenues second of QX. the This our and and guidance year a in constant in in We in markets full ramping Then new forecast to similar of for the currency to QX, business. usual growth up we expansion work as Europe, terms the XXXX. lead to double-digit stronger Moving in expect levels backlog our of we U.S. a continue
to billion revenue tax including XX% in XX% reported are effective XX.X%. XXX We basis, a the to range. in headwind. to of increase margins adjusted income constant increase, be range basis we expected or a a points in rate approximately estimating XX.X% is X.X% in of XXXX The XX% to billion $X.XXX to the $X.XX represents FX anticipate year-over-year to IFRS XX.X% On which operating XX.X% currency,
adjusted EPS an of shares year. Finally, our the to is to for $X.XX diluted $X.XX, assuming million average expected be outstanding between XX.X
industry. conclude, our performance, To the reflects financial pleased very position our we of XXXX in with unique are year which another
be months. the margins. will another achievements about for growth our sharing you look excited with in of XXXX, we growth more coming continued forward support, strong and and your updates are We on which Thank year improving to
