Respectable Growth in Q2 for Gartner

Tech consulting giant Gartner has announced second quarter revenue up 4.6% at constant currencies to $1.7bn, with adjusted EBITDA up 5.0% to $443m: very good growth by the standards of the market, if a little off the pace for the ever-flourishing firm.

Reported revenue rose 4.2% to $1.32bn in the Insights Division, 13.6% to $211.4m in the Conferences unit, and 8.8% to $155.6m in Consulting.

Gartner's growth, in double figures for much of the last twenty years, has slowed a little in the past two, but remains healthy. Compared with the previous quarter, the latest results showed a further slight slowing in revenue growth but a revival in EBITDA (Q1 figures 5.7% and 2.9% respectively). Compared with Q2 of 2024 both growth rates were down, from 6.9% and 9.8% respectively.

During the latest quarter, the firm says it has begun the rollout of AskGartner, a new AI-powered tool giving clients 'faster, more efficient access to its insights.'

Chairman and CEO Gene Hall said the results were ahead of expectations in terms of revenue, adjusted EBITDA, adjusted EPS, and Free Cash Flow, adding: 'Contract value grew 5%. Since the end of the first quarter, we have accelerated our stock buybacks to increase shareholder value.'

Web home page: www.gartner.com .

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