LUXEMBOURG (AP) — LUXEMBOURG (AP) — Globant SA (GLOB) on Thursday reported fourth-quarter profit of $42.1 million.

The Luxembourg-based company said it had net income of 96 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.62 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.61 per share.

The information technology services provider posted revenue of $580.7 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $579.7 million.

For the year, the company reported profit of $158.5 million, or $3.64 per share. Revenue was reported as $2.1 billion.

For the current quarter ending in March, Globant expects its per-share earnings to be $1.53.

The company said it expects revenue in the range of $570 million for the fiscal first quarter.

Globant expects full-year earnings to be $6.50 per share, with revenue expected to be $2.44 billion.

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