Gartner Reports Q4 and Full Year Research Revenue Rise

IT industry research and analysis specialist Gartner has reported a 10% rise in fourth quarter revenue to $643.8m, driven by a 13% revenue increase in its Research division to $420.5m. For the full year 2015, Research revenue was up 10% to $1.58bn.

In the Research business, the quarterly gross contribution margin was 68%, while contract value was $1.761bn at December 31st, 2015, up 10% on a year previously. Meanwhile the Consulting division reported flat Q4 revenue of $87.9m and a 6% drop in annual revenue to $348.3m; and its Events team saw quarter four revenue rise 11% to $135.3m and annual revenue also up 11%, to $227.7m.

Overall for the group, full year 2015 revenue was up 7% to $2.163bn, and Normalized EBITDA increased 5% to $407.5m. CEO Gene Hall (pictured) commented: 'Gartner continued its trend of strong results in 2015 and executed on a number of key strategic initiatives designed to drive long term growth. I remain confident that we will continue to deliver strong results in 2016 and beyond'.

Web site: www.gartner.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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