Gartner Q1 2021 Earnings Report
Key Takeaways
Gartner reported a strong first quarter in 2021, with revenue increasing by 8.4% to $1.1 billion and net income reaching $164 million. The company saw significant growth in contract value, revenue, EBITDA, and free cash flow, leading to an updated and positive financial outlook for the year. Gartner also demonstrated its commitment to returning value to shareholders by repurchasing a substantial amount of stock.
Revenues increased by 8.4% to $1.1 billion, or 5.7% on an FX neutral basis.
Net income reached $164 million, with adjusted EBITDA at $320 million, a 50.0% increase as reported (44.2% FX neutral).
Diluted EPS rose to $1.84, a 121.7% increase, while adjusted EPS was $2.00, up by 66.7%.
Free cash flow saw a significant increase of 363.8% to $145 million.
Gartner
Gartner
Gartner Revenue by Segment
Forward Guidance
Gartner updated its financial outlook for the full year 2021, based on the strong first quarter results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income