earnings
confidence high
sentiment positive
materiality 0.80
Gartner Q1 2022 revenue $1.26B +14.4%, raises full-year guidance, boosts buyback by $500M
GARTNER INC
2022-Q1 EPS reported
$2.08
revenue$1,262,740,000
- Revenue $1.263B (+14.4% reported, +16.4% FX neutral); diluted EPS $2.08 (+13%); adjusted EPS $2.33 (+16.5%).
- Total contract value $4.2B (+16.3% FX neutral); GTS CV $3.3B (+14.3%), GBS CV $0.9B (+24.4%).
- Adjusted EBITDA $329M (+2.6%); operating cash flow $168M, free cash flow $150M (+3.9%).
- Board authorized additional $500M share repurchase; repurchased 1.6M shares for $451M in Q1; total >$630M through April.
- Company raises full-year 2022 guidance for Revenue, EBITDA, and Free Cash Flow.