Gartner, Inc. (IT) Tops Q1 EPS by 5c, Revenues Beat; Affirms FY19 EPS/Revenue Outlook
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Gartner Reports First Quarter 2019 Financial Results
May 7, 2019 6:00 AM EDTTotal Contract Value $3.1 Billion, +11% YoY FX Neutral
FIRST QUARTER 2019 HIGHLIGHTS
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.2019 FINANCIAL OUTLOOK
The Company also reiterated its full year 2019 financial outlook:
Revenues: $4.22 - $4.32 billion. Net income: $238 - $272 million; adjusted EBITDA $720 - $765 million. Diluted EPS: $2.65 - $3.03; adjusted EPS... More