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Mar 31, 2023
Gartner Q1 2023 Earnings Report
Gartner's Q1 2023 financial results were reported, showcasing growth in revenue, contract value, and earnings.
Key Takeaways
Gartner reported a strong first quarter in 2023, with revenue reaching $1.4 billion, a 11.6% increase year-over-year. Net income soared to $296 million, a 71.5% increase, and diluted EPS reached $3.68, a 76.9% increase. The company also highlighted a total contract value of $4.5 billion, up 10.4% year-over-year on an FX neutral basis.
Revenue reached $1.4 billion, reflecting an 11.6% increase as reported and 14.3% on an FX neutral basis.
Net income increased by 71.5% to $296 million, with adjusted EBITDA up 15.3% to $379 million.
Diluted EPS grew by 76.9% to $3.68, while adjusted EPS increased by 23.6% to $2.88.
Operating cash flow was $165 million, and free cash flow was $144 million.
Revenue by Segment
Forward Guidance
Gartner increased its guidance for 2023 and is well prepared for a wide range of economic scenarios.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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