Gartner, Inc. (NYSE: IT) reported Q1 EPS of $0.72, $0.14 better than the analyst estimate of $0.58. Revenue for the quarter came in at $964 million versus the consensus estimate of $924.3 million.

FIRST QUARTER 2018 HIGHLIGHTS

• Revenues: $964 million, +54%; adjusted revenues: $974 million, +16%.
• Net loss: $(20) million; adjusted EBITDA: $161 million, +14%.
• Diluted EPS: $(0.22); adjusted EPS: $0.72.
• Operating cash flow: $3 million; free cash flow: $27 million.
• Paid down $305 million of debt during the quarter and another $450 million in April.

2018 FULL YEAR FINANCIAL OUTLOOK

The Company updated guidance to reflect divestitures completed in April 2018:

• Revenues $3.9-4.0 billion; adjusted revenues $3.9-4.0 billion.
• Net income $101-137 million; adjusted EBITDA $710-760 million.
• Diluted EPS $1.08-1.47; adjusted EPS $3.51-3.91.
• Operating cash flow $425-475 million; free cash flow $416-456 million.

GUIDANCE:

Gartner, Inc. sees FY2018 EPS of $3.51-$3.91, versus the consensus of $3.88. Gartner, Inc. sees FY2018 revenue of $3.9-4 billion, versus the consensus of $4.1 billion.

For earnings history and earnings-related data on Gartner, Inc. (IT) click here.