Research Revenue Rise Drives Gartner's Fourth Quarter

Technology research and advisory company Gartner has reported a 9% increase in fourth quarter 2016 group revenue, to $703.2m, driven by Research revenue which was up 15% at constant currencies, to $478.8m.

The Research division's quarterly gross contribution margin was 68% in both 2016 and 2015; and total contract value was $1.93 billion at December 31st 2016, up 9% on a reported basis or 14% at constant currencies versus 12 months previously. In the Consulting and Events divisions, fourth quarter revenue was flat at $88.1m and $136.3m respectively.

Normalized EBITDA for Q4 was $145.1m, an increase of 6% reported, 3% currency adjusted. Full year 2016 total revenue increased 13% to $2.44bn (14% currency adjusted); while normalized EBITDA rose 12% (10% at constant currencies) to $457.1m.

CEO Gene Hall (pictured) says of the results: 'Gartner had another great year in 2016. We continued our trend of double digit growth and executed on a number of key strategic initiatives designed to drive long-term growth. In early January, we announced our agreement to acquire CEB, which we expect will deliver significant value to our shareholders over both the short and long-term. While our teams are excited about the expanded opportunities the acquisition will create, we are committed to execute on our 2017 outlook'.

Web site: www.gartner.com .