Argentine Deregulation Offers Upside for Globant in a Tough Year

Argentina is becoming a bright spot in what has been a rough period for software company Globant SA, with the deregulation of the local financial industry prompting companies to step up investment in technology systems.

US-traded shares in the Argentine-based company have slumped 55% this year as clients delay projects amid uncertainty triggered by Pesident Donald Trump’s tariff plans. Within Latin America, Mexico and Brazil have been particularly hard hit, while Argentina has outperformed, company CEO Martin Migoya said in an interview.

“Deregulation leads to growth and unleashes a virtuous cycle in which companies are being forced to ...