Gartner ( (IT) ) has released its Q3 earnings. Here is a breakdown of the information Gartner presented to its investors.
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Gartner, Inc. is a global research and advisory company that provides insights to help businesses make smart decisions and enhance their performance across various mission-critical priorities.
In its third quarter of 2024 financial results, Gartner reported a significant rise in net income and operating cash flow, with overall revenues reaching $1.5 billion, representing a 5.4% increase from the previous year.
The company’s net income surged by 130.6% to $415 million, while the diluted earnings per share almost doubled to $5.32. Despite a slight decline in adjusted EPS by 2.3%, Gartner’s operating cash flow and free cash flow saw substantial growth of 78.5% and 86.8% respectively. Key segment highlights included strong performance in conferences revenue, which increased by 32.5%, while consulting revenues saw a slight decrease.
Looking ahead, Gartner’s management remains optimistic about achieving sustained double-digit growth due to their compelling client value proposition and the vast market they serve, ensuring a promising trajectory for future expansion.
