Gartner, Inc. (IT) Tops Q2 EPS by 7c, Revenues Beat

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Go back to Gartner, Inc. (IT) Tops Q2 EPS by 7c, Revenues Beat

Gartner Reports Second Quarter 2018 Financial Results

August 1, 2018 6:00 AM EDT

Total Contract Value $2.9 Billion, +12% YoY FX Neutral

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:... More