earnings
confidence high
sentiment positive
materiality 0.75
Gartner Q3 revenue $1.41B, EPS $2.26; raises FY outlook, adds $500M buyback
GARTNER INC
2023-Q3 EPS reported
$8.44
revenue$4,320,838,000
- Revenue $1.409B (+5.8% as reported, +4.9% FX neutral); net income $180M, diluted EPS $2.26 (+4.1%).
- Adjusted EBITDA $333M (+0.6%), adjusted EPS $2.56 (+6.2%); free cash flow $302M (+6.9%).
- Total contract value $4.7B, up 8.1% YoY FX neutral; GTS CV $3.6B (+6.5%), GBS CV $1.0B (+14% ex-divestiture).
- Research revenue $1.219B (+6.2%); Conferences $57M (-25.7%); Consulting $133M (+24.1%).
- Board authorized additional $500M share repurchases; repurchased 0.6M shares for $209M in Q3.