Gartner, Inc. (NYSE: IT) reported Q2 EPS of $1.03, $0.07 better than the analyst estimate of $0.96. Revenue for the quarter came in at $1 billion versus the consensus estimate of $977.92 million.

THREE MONTHS ENDED JUNE 30, 2018 HIGHLIGHTS

• Revenues: $1.0 billion, +19%; adjusted revenues excluding divested operations: $1.0 billion, +14%.
• Net income: $46 million; adjusted EBITDA excluding divested operations: $191 million, +11%.
• Diluted EPS: $0.50; adjusted EPS: $1.03.
• Operating cash flow: $174 million; free cash flow: $183 million.
• Sold several non-core assets for $406 million in net cash.
• Repurchased 0.5 million common shares for $68 million and paid down $554 million of debt.

2018 FULL YEAR FINANCIAL OUTLOOK

The Company updated its GAAP EPS guidance and reiterated its Non-GAAP guidance:

• Revenues $3.9-4.0 billion; adjusted revenues $3.9-4.0 billion.
• Net income $104-140 million; adjusted EBITDA $710-760 million.
• Diluted EPS $1.12-1.51; 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. Gartner, Inc. sees FY2018 revenue of $3.9-4 billion.

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