Globant S.A. GLOB has announced a collaboration with Amazon Web Services (“AWS”) to assist customers in utilizing RISE with SAP solution for upgrading on-premise SAP enterprise resource planning (ERP) systems and migrating to the cloud.
Globant highlighted that the use of real-time data, combined with artificial intelligence (AI), to extract crucial business insights has now become more important than ever for companies seeking to enhance their resilience, increase operational efficiency, make informed decisions and future-proof their operations. A pivotal initial step for many companies embarking on this journey is a secure transition from on-premise ERPs to cloud platforms.
The RISE with SAP offering features an AI-powered cloud ERP platform managed and optimized by SAP. This comprehensive solution provides services and tools built on SAP's clean core approach, enabling seamless migration of on-premise systems, business process transformation, continuous innovation and enhanced cloud agility. RISE with SAP includes cloud solutions, infrastructure and services that seamlessly combine to offer a clear migration path to the cloud.
Globant has been collaborating with AWS since 2011, offering innovative solutions in cloud strategy, migration, modernization, advanced data analytics, product innovation and cloud engineering.
Leveraging extensive expertise in AWS and SAP solutions, Globant is well-equipped to assist customers with end-to-end cloud migrations. This will aid businesses in utilizing cutting-edge technologies for sustained growth and transformation. Globant’s Studio for SAP technologies offer a variety of SAP Business Technology Platform accelerators, AI solutions and strategic services to help clients maximize their SAP investments.
Globant creates digitally-native products, bridging the gap between businesses and consumers through technology and creativity. With a global presence across multiple continents, Globant serves clients such as Google, Electronic Arts and Santander.
GLOB currently carries a Zacks Rank #3 (Hold). Shares of the company have risen 1.9% in the past year against the sub-industry’s decline of 0.5%.
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Stocks to Consider
Some better-ranked stocks from the same industry have been discussed below.
NVIDIA Corporation NVDA, sporting a Zacks Rank #1(Strong Buy) at present, delivered a trailing four-quarter earnings surprise of 18.43%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the last reported quarter, it delivered an earnings surprise of 11.48%. NVDA has a long-term growth rate of 37.6%.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
Motorola Solutions Inc. MSI, carrying a Zacks Rank #2 (Buy) at present, delivered a trailing four-quarter average earnings surprise of 7.54%. It has a long-term growth rate of 9.5%. In the last reported quarter, Motorola delivered an earnings surprise of 11.51%.
MSI provides services and solutions to government segments and public safety programs, along with large enterprises and wireless infrastructure services.
Onto Innovation Inc. ONTO, carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 2.64%. In the last reported quarter, Onto delivered an earnings surprise of 7.27%.
Headquartered in Wilmington, MA, ONTO specializes in the design, development, manufacture and support of metrology and inspection tools, primarily for semiconductor device fabricators, silicon wafer manufacturers and advanced packaging manufacturers in the semiconductor space.
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