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Jun 30, 2020
Gartner Q2 2020 Earnings Report
Gartner's Q2 2020 financial results were reported, highlighting a strong performance despite a challenging macroeconomic environment.
Key Takeaways
Gartner reported a decrease in revenue by 9.1% to $973 million, but net income was $55 million. Adjusted EBITDA increased by 4.0% to $192 million, and free cash flow increased significantly by 71.1% to $322 million. The company also reduced its total debt by $200 million.
Revenues decreased by 9.1% to $1.0 billion, or 7.6% on an FX neutral basis.
Net income was $55 million, and adjusted EBITDA increased by 4.0% to $192 million.
Diluted EPS decreased by 46.0% to $0.61, while adjusted EPS decreased by 17.2% to $1.20.
Free cash flow increased by 71.1% to $322 million.
Gartner
Gartner
Gartner Revenue by Segment
Forward Guidance
Gartner updated its financial outlook for the full year 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income