Gartner, Inc. (IT) Tops Q3 EPS by 22c, Revenues Beat; Offers Q4 EPS/Revenue Outlook

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Go back to Gartner, Inc. (IT) Tops Q3 EPS by 22c, Revenues Beat; Offers Q4 EPS/Revenue Outlook

Gartner Reports Third Quarter 2018 Financial Results

November 1, 2018 6:00 AM EDT

Total Contract Value $3.0 Billion, +12% YoY FX Neutral

THIRD QUARTER 2018 HIGHLIGHTS

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.

2018 FINANCIAL OUTLOOK

The Company projects the following financial results:

Q4... More