Gartner, Inc. (NYSE: IT) reported Q1 EPS of $0.58, $0.05 better than the analyst estimate of $0.53. Revenue for the quarter came in at $1 billion versus the consensus estimate of $962.31 million.

• Revenues: $1.0 billion, +1%; +4% FX neutral. Adjusted Revenues: +8%, +11% FX neutral.
• Net income: $21 million; adjusted EBITDA: $142 million, -2%, flat FX neutral.
• Diluted EPS: $0.23, >100%; adjusted EPS: $0.58, -19%.
• Operating cash flow: $36 million; free cash flow: $35 million.

Gene Hall, Gartner’s chief executive officer, commented, “Demand for our services is strong as clients recognize the incredible value of the services we offer. The acceleration we saw last year in Global Technology Sales, our largest and most important business, continued in the first quarter of 2019. Our ongoing investments in our business keep us well-positioned for sustained, long-term, double-digit growth."

GUIDANCE:

Gartner, Inc. sees FY2019 EPS of $3.82-$4.19, versus the consensus of $3.97. Gartner, Inc. sees FY2019 revenue of $4.22-4.32 billion, versus the consensus of $4.26 billion.

• Revenues: $4.22 - $4.32 billion.
• Net income: $238 - $272 million; adjusted EBITDA $720 - $765 million.
• Diluted EPS: $2.65 - $3.03; adjusted EPS $3.82 - $4.19.
• Operating cash flow: $542 - $582 million; free cash flow $455 - $485 million.

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