earnings
confidence high
sentiment positive
materiality 0.75
Gartner Q2 revenue up 6.1% to $1.6B, adjusted EPS $3.22 (+13%), board adds $600M buyback
GARTNER INC
2024-Q2 EPS reported
$5.60
revenue$3,067,986,000
- Revenue $1.595B (+6.1% as reported; +6.9% FX neutral), net income $230M (+15.9%), diluted EPS $2.93.
- Adjusted EBITDA $416M (+8.2%), adjusted EPS $3.22 (+13.0%); both ahead of expectations.
- Contract value $4.9B (+7.4% FX neutral); GTS CV $3.8B (+6.1%), GBS CV $1.1B (+12.0%).
- Operating cash flow $370M (-15.1%); free cash flow $341M (-17.0%) due to timing items.
- Board authorized incremental $600M share repurchase; Q2 repurchased 0.8M shares for $340M.