Gartner reported a strong start to the year with a 16% increase in contract value. The company is raising its 2022 outlook for Revenue, EBITDA and Free Cash Flow. They repurchased more than $630 million of stock through April, which will serve to increase per share results this year and beyond.
Revenues were $1.3 billion, up 14.4% as reported and 16.4% FX neutral.
Net income was $173 million, with adjusted EBITDA at $329 million, up 2.6% as reported and 4.7% FX neutral.
Diluted EPS was $2.08, up 13.0%, and adjusted EPS was $2.33, up 16.5%.
Free cash flow was $150 million, up 3.9%.
Gartner is raising its 2022 outlook for Revenue, EBITDA and Free Cash Flow.
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