earnings
confidence high
sentiment positive
materiality 0.70
Gartner Q2 revenue up 9.2% to $1.5B, raises 2023 guidance for EBITDA, FCF, adjusted EPS
GARTNER INC
2023-Q2 EPS reported
$6.17
revenue$2,912,054,000
- Revenue $1.503B, +9.2% as reported, +10.0% FX neutral; net income $198M (-3.4%).
- Diluted EPS $2.48 (-2.0%); adjusted EPS $2.85 flat YoY; adjusted EBITDA $384M (-1.2%).
- Free cash flow $410M (+4.0%); repurchased 0.4M shares for $132M.
- Total contract value $4.6B, +8.9% FX neutral; GTS CV $3.5B (+7.4%), GBS CV $1.0B (+14.8%).
- Raised FY 2023 guidance for adjusted EBITDA, free cash flow, and adjusted EPS.