Umpteenth Good Quarter for Gartner

Tech consulting giant Gartner has reported first quarter results 'ahead of expectations', with revenue up 5.7% (at constant currency) to $1.534bn, and adjusted EBITDA up 2.9% to $385m.

For the first time in a while, results were similar across all three of the firm's segments: revenue rose 5.8% to $1,322m in the Research division, 5.4% to $72.6m in the Conferences unit, and 5.3% to $139.7 in Consulting.

Chairman and CEO Gene Hall (pictured) says of the figures: 'In a dynamic world, we are managing our costs to deliver Adjusted EBITDA Margin ahead of our initial guidance while also investing for future growth. We continue to provide significant value to our clients and will emerge from the current environment even stronger.'

Both reported revenue and growth were lower than in Q4 ($1,715m and 8% respectively) but this is normal for Gartner's annual cycle - the above comparisons are all with Q1 of 2024 and are all adjusted to be FX neutral.

The group is on the web at www.gartner.com .

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