Gartner, Inc. (NYSE: IT) reported Q3 EPS of $0.85, $0.22 better than the analyst estimate of $0.63. Revenue for the quarter came in at $922 million versus the consensus estimate of $920.59 million.

• Revenues: $922 million, +11%; adjusted revenues excluding divested operations: $910 million, +11%, +13% foreign currency neutral.
• Net income: $12 million; adjusted EBITDA excluding divested operations: $149 million, +15%, +17% foreign currency neutral.
• Diluted EPS: $0.13; adjusted EPS: $0.85.
• Operating cash flow: $249 million; free cash flow: $251 million.
• Divested a non-core asset for $116 million in net cash.
• Paid down $262 million of debt.

Gene Hall, Gartner’s chief executive officer, commented, “Third quarter 2018 continued our trend of double-digit growth in contract value, revenue, and profits, combined with strong cash flow. The compelling insights we create, combined with our operational effectiveness, deliver incredible value to more than 15,000 enterprise clients around the world. Our prospects for future growth remain strong."

GUIDANCE:

Gartner, Inc. sees Q4 2018 EPS of $1.18-$1.34, versus the consensus of $1.38. Gartner, Inc. sees Q4 2018 revenue of $1.07-1.15 billion, versus the consensus of $1.11 billion.

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