Revenue Up 9% for 'Well-Positioned' Gartner

Tech markets consultancy Gartner has posted a 7% increase in second quarter revenue to $1.1bn (up 9% on a foreign currency-neutral basis). CEO Gene Hall says the company is well-positioned for sustained long-term, double digit growth.

During the period, revenue for the Research division increased 7% on a reported basis (10% in constant currency terms) to $826m, with gross contribution margin of 69%. Revenues for the Conferences segment increased 27% on a reported basis (29% constant currency) to $141m, with margin 57%; while for the Consulting arm, revenues were up 7% on a reported basis (10%) to $104m, with margin 33%.

For the group as a whole, net income for the three months ended June 30th was $103.4m, and adjusted EBITDA rose 1% to $185m (+4% in constant currency terms). Full year 2019 revenues are forecast between $4.22bn and $4.26bn.

Hall (pictured) commented: 'We delivered another strong quarter across our three businesses: Research, Conferences, and Consulting. We've equipped Global Business Sales with the resources, training and tools to achieve success and we're beginning to see a return. We continue to make calculated investments in our business and are well-positioned for sustained long-term, double-digit growth'.

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.