Deloitte and May Mobility Announce Strategic Collaboration to Optimize Autonomous Transportation Services Globally
NEW YORK and ANN ARBOR, Mich., Jan. 30, 2025 /PRNewswire/ -- Deloitte and May Mobility, an autonomous vehicle (AV) technology company, announced an alliance relationship to bring new data and insight offerings to market, helping to improve and optimize rider and community safety for their joint municipal and business customers.
Deloitte's 2025 Global Automotive Consumer Study confirmed that consumers worldwide are looking for AV companies to prioritize safety in their autonomous transportation solutions. Deloitte and May Mobility's joint capabilities use data and analytics from May Mobility deployments to closely track safety events and help government and business customers improve safety outcomes for riders. One example of this joint capability is Deloitte's autonomous vehicle data platform, which transportation planners and operators can subscribe and receive insights, to more effectively take action and optimize autonomous mobility for their communities.
Deloitte and May Mobility first deployed insight services in 2024 as part of the Accessibili-D autonomous vehicle program in the City of Detroit. City and university researchers, including the University of Michigan, are using data and insights from Deloitte and May Mobility to optimize the AV system that helps older adults and people with disabilities (PwD) access critical services, such as doctor appointments and grocery stores. These insights can be incorporated into the autonomous vehicle plans of municipalities and businesses wherever May Mobility deploys around the globe.
'Our goal is to collaborate with May Mobility to create safer autonomous mobility by analyzing AV behavior and interactions with riders and the broader community,' said Jeff Hood, principal, Deloitte Consulting LLP. 'A more trustworthy AV transportation system will create outcomes that have been the promise of the AV industry for years, such as better access to affordable and sustainable transportation.'
This new collaboration, that can be deployed both domestically and internationally, combines Deloitte's data, software engineering and AI capabilities; and combines them with data from May Mobility's AV system and weather, city infrastructure and ridership data.
'Our patented Multi-Policy Decision Making (MPDM) technology runs on-board simulations to imagine thousands of possible scenarios every second, enabling a vehicle to rapidly perform the safest action in any given scenario,' said Manik Dhar, chief commercial officer for May Mobility. 'Combining MPDM with Deloitte's insights platform creates another layer of analysis tailored for each unique community, resulting in an optimized mobility system for our customers.'
To learn more about Deloitte's automotive-related services visit here. More about May Mobility, can be found here.
About May Mobility
May Mobility develops autonomous vehicle (AV) technology and deploys fleets of vehicles to municipal and business customers. Its proprietary Multi-Policy Decision Making (MPDM) system is at the core of its mission to help make cities safer, greener and more accessible. MPDM's proven track record has delivered more than 350,000 autonomy-enabled rides to date in several public transit applications across the U.S. and Japan. With key strategic partnerships including some of the world's most innovative automotive and transportation companies, such as Toyota Motor Corporation and NTT, May Mobility aims to achieve the highest standard in rider safety, sustainability and transportation equity. For more information, visit www.maymobility.com.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's approximately 460,000 people worldwide connect for impact at www.deloitte.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ('DTTL'), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as 'Deloitte Global') does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the 'Deloitte' name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
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Net change in fair value on financial assets measured at FVOCI (5,798)1,019(5,798)894 - Gains and losses on cash flow hedges 13,158(13,133)3,000(4,378) Total comprehensive income for the period 114,50828,82744,76612,136 Net income attributable to:Owners of the Company 28,25283,718(2,383)38,658 Non-controlling interest (1,481)236(1,341)1,367 Net income (loss) for the period 26,77183,954(3,724)40,025 Total comprehensive income for the period attributable to:Owners of the Company 109,57430,59841,85011,589 Non-controlling interest 4,934(1,771)2,916547 Total comprehensive income for the period 114,50828,82744,76612,136 Earnings per shareBasic 0.641.94(0.05)0.89 Diluted 0.621.89(0.05)0.87 Weighted average of outstanding shares (in thousands)Basic 44,17743,17244,29843,244 Diluted 45,42444,22044,29844,292 Globant Interim Consolidated Statements of Financial Position as of June 30, 2025 and December 31, 2024(In thousands of U.S. dollars, unaudited) June 30, 2025December 31, 2024 ASSETS Current assets Cash and cash equivalents 167,431142,093 Investments6,81213,992 Trade receivables636,387605,002 Other assets32,09920,420 Other receivables97,58653,939 Other financial assets9,8893,100 Total current assets950,204838,546Non-current assets Investments 2,3982,212 Other assets 5,9894,750 Other receivables 48,86240,784 Deferred tax assets84,53480,811 Investment in associates1,6531,648 Other financial assets 41,24141,403 Property and equipment147,939154,755 Intangible assets358,803377,365 Right-of-use assets104,947122,884 Goodwill1,650,6801,517,252 Total non-current assets2,447,0462,343,864 TOTAL ASSETS3,397,2503,182,410LIABILITIES Current liabilities Trade payables113,271114,743 Payroll and social security taxes payable217,029239,440 Borrowings20,1741,601 Other financial liabilities146,679153,803 Lease liabilities25,96829,736 Tax liabilities22,79736,916 Income tax payable8,8676,520 Other liabilities99231 Total current liabilities554,884582,990Non-current liabilities Trade payables 4,9572,006 Borrowings 409,115290,935 Other financial liabilities 102,036125,651 Lease liabilities 81,39787,887 Deferred tax liabilities29,55529,611 Income tax payable 1,2166,625 Payroll and social security taxes payable 1,7125,187 Provisions for contingencies23,09618,169 Total non-current liabilities653,084566,071 TOTAL LIABILITIES1,207,9681,149,061Capital and reserves Issued capital53,40852,837 Additional paid-in capital1,239,0701,193,029 Other reserves(63,434)(144,756) Retained earnings 891,073862,821 Total equity attributable to owners of the Company2,120,1171,963,931 Non-controlling interests69,16569,418 Total equity2,189,2822,033,349 TOTAL EQUITY AND LIABILITIES3,397,2503,182,410 Globant Cash Flow Data(In thousands of U.S. dollars, unaudited) Three Months Ended June 30, 2025June 30, 2024 Net Income for the period(3,724)40,025 Non-cash adjustments, taxes and others57,88341,788 Changes in working capital(32,281)(71,646) Cash flows from operating activities21,87810,167 Capital expenditures(24,735)(38,155) Cash flows from investing activities(68,763)(60,656) Cash flows from financing activities103,757(17,514) Net increase/decrease in cash & cash equivalents56,872(68,003) Globant Non-IFRS Financial Information(In thousands of U.S. dollars, unaudited)Six months ended Three Months EndedJune 30, 2025June 30, 2024 June 30, 2025June 30, 2024Reconciliation of adjusted gross profit Gross profit 430,871411,770 217,641209,549 Depreciation and amortization expense 22,24115,958 11,0858,525 Share-based compensation expense - Equity settled 13,20312,901 5,5135,759 Adjusted gross profit 466,315440,629 234,239223,833 Adjusted gross profit margin 38.1 %38.0 % 38.1 %38.1 %Reconciliation of selling, general and administrative expenses Selling, general and administrative expenses (321,238)(306,699) (159,543)(154,585) Depreciation and amortization expense 59,59450,507 29,93925,442 Share-based compensation expense - Equity settled 27,66026,714 14,27514,399 Acquisition-related charges (a) 12,20615,584 5,6395,986 Adjusted selling, general and administrative expenses (221,778)(213,894) (109,690)(108,758) Adjusted selling, general and administrative expenses as % of revenues (18.1) %(18.5) % (17.9) %(18.5) %Reconciliation of adjusted profit from operations Profit from operations 55,714101,705 5,85853,763 Share-based compensation expense - Equity settled 40,86339,615 19,78820,158 Acquisition-related charges (a) 38,47732,880 18,87214,736 Business optimization costs (b) 47,580— 47,580— Adjusted profit from operations 182,634174,200 92,09888,657 Adjusted profit from operations margin 14.9 %15.0 % 15.0 %15.1 %Reconciliation of net income for the period Net income for the period 28,25283,718 (2,383)38,658 Share-based compensation expense - 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We cannot provide acquisition-related charges on a forward-looking basis without unreasonable effort as such charges may fluctuate based on the timing, size, and complexity of future acquisitions as well as other uncertainty inherent in mergers and acquisitions. (b) One-time charges for the three and six months ended June 30, 2025 related to the Company's Business Optimization Program initiated in April 2025. These charges, primarily related to workforce resizing and office reductions, have been excluded from non-IFRS results as these are one-time and unusual in nature. Globant of Supplemental Information (unaudited) Metrics Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Total Employees 29,112 29,998 31,280 31,102 30,084 IT Professionals 27,133 27,927 29,198 29,022 28,097 North America Revenues % 56.3 55.7 55.2 55.5 54.1 Latin America Revenues % 23.0 21.8 20.4 19.6 19.7 Europe Revenues % 16.9 17.6 17.7 18.2 19.6 New Markets Revenues % 3.8 4.9 6.7 6.7 6.6 USD Revenues % 67.1 66.6 64.8 67.2 64.1 Other Currencies Revenues % 32.9 33.4 35.2 32.8 35.9 Top Customer % 8.3 9.1 9.1 8.8 8.6 Top 5 Customers % 21.0 21.0 19.8 20.0 20.3 Top 10 Customers % 30.3 30.1 29.3 29.1 29.3 Customers Served (Last Twelve Months)* 958 969 1,012 1,004 981 Customers with >$1M in Revenues (Last Twelve Months) 329 331 346 341 339 (*) Represents customers with more than $100,000 in revenues in the last twelve months. [1] Represents Asia, Oceania and the Middle East. Investor Relations Contact:Arturo Langa, Globantinvestors@ (877) 215-5230 Media Contact:Gregorio Lascano, Globantpr@ (877) 215-5230 View original content to download multimedia: SOURCE Globant
