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Mar 31, 2024
Gartner Q1 2024 Earnings Report
Gartner's Q1 2024 financial performance was ahead of expectations, marked by strong profitability and free cash flow.
Key Takeaways
Gartner reported a 4.5% increase in revenue to $1.5 billion. Net income decreased by 28.8% to $211 million, while diluted EPS decreased by 27.4% to $2.67. The company's contract value grew by 6.9% year-over-year on an FX neutral basis.
Revenue increased by 4.5% to $1.5 billion, or 4.6% on an FX neutral basis.
Net income decreased by 28.8% to $211 million, with a diluted EPS of $2.67, down 27.4%.
Adjusted EBITDA increased by 0.8% to $382 million, or 1.7% on an FX neutral basis, with an adjusted EPS of $2.93, up 1.7%.
Operating cash flow increased by 14.7% to $189 million, and free cash flow increased by 15.8% to $166 million.
Revenue by Segment
Forward Guidance
Gartner increased its guidance for 2024 on an FX neutral basis and is well positioned for contract value growth to accelerate throughout the year.
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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