Gartner Earnings: Everything You Must Know Now

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Gartner Inc. (NYSE:IT) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Gartner Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 8.33% to $0.39 in the quarter versus EPS of $0.36 in the year-earlier quarter.

Revenue: Rose 10.19% to $406.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Gartner Inc. reported adjusted EPS income of $0.39 per share. By that measure, the company missed the mean analyst estimate of $0.4. It missed the average revenue estimate of $408.16 million.

Quoting Management: Gene Hall, Gartner’s chief executive officer, commented, “We continue to see robust demand for our services across all three segments. Research Contract Value grew 14% on an FX neutral basis with all geographies, industries, and client sizes growing at double digit rates. Our Events business grew 20% with equally strong growth in both attendee and exhibitor revenue in Q1. While Consulting had a slightly slower start than we expected, our backlog and pipeline for Q2 are strong. We remain highly confident we will achieve the guidance we set for the current year.”

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