Gartner Reports 11% Research Revenue Rise

Technology research and analysis specialist Gartner has reported an 11% Q3 revenue rise in its Research arm - to $316.5m. For the group as a whole, revenue increased 10% year-on-year to $410.7m.

The firm's Consulting division reported a 2% fall in revenue to $70.1m, while the Events arm saw a 29% increase to $24.0m.

Overall, the group reported a net income rise of 22% to $38.2m in the third quarter of 2013, while Normalized EBITDA was up 10% to $74.9m.

For the nine months ended September 30, 2013, total revenue was $1.26 billion, an increase of 11% over the same period in 2012. Net income increased 13%, to $121.4m, and Normalized EBITDA was up 10%, to $239.9m.

CEO Gene Hall (pictured) comments: 'Our third quarter results continued our trend of delivering consistent double-digit growth in each of our key financial metrics. Despite a mixed global economic environment, we continue to see robust demand, which illustrates both the value we provide to our clients and the market opportunity for our services.'

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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