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Mar 31, 2022

Gartner Q1 2022 Earnings Report

Gartner's Q1 2022 financial results were reported, showing strong growth in contract value and revenue.

Key Takeaways

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%.

Total Revenue
$1.26B
Previous year: $1.1B
+14.4%
EPS
$2.33
Previous year: $2
+16.5%
GTS Contract Value
$3.3B
Previous year: $3B
+10.0%
GBS Contract Value
$900M
Previous year: $700M
+28.6%
Gross Profit
$886M
Previous year: $770M
+15.1%
Cash and Equivalents
$456M
Previous year: $446M
+2.3%
Free Cash Flow
$150M
Previous year: $145M
+3.4%
Total Assets
$6.99B
Previous year: $6.94B
+0.7%

Gartner

Gartner

Gartner Revenue by Segment

Forward Guidance

Gartner is raising its 2022 outlook for Revenue, EBITDA and Free Cash Flow.

Revenue & Expenses

Visualization of income flow from segment revenue to net income