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Jun 30, 2024

Gartner Q2 2024 Earnings Report

Gartner's Q2 2024 financial results were released, demonstrating growth in revenue, net income, and EPS.

Key Takeaways

Gartner reported a 6.1% increase in revenue to $1.6 billion, a 15.9% increase in net income to $230 million, and an 18.1% increase in diluted EPS to $2.93. The company's contract value grew by 7.4% year-over-year on an FX neutral basis.

Revenue increased by 6.1% as reported, and 6.9% on an FX neutral basis.

Net income increased by 15.9% as reported, with adjusted EBITDA up by 8.2% as reported, and 9.8% on an FX neutral basis.

Diluted EPS increased by 18.1%, and adjusted EPS increased by 13.0%.

Operating cash flow was $370 million, a decrease of 15.1%, while free cash flow was $341 million, a decrease of 17.0%.

Total Revenue
$1.6B
Previous year: $1.5B
+6.1%
EPS
$3.22
Previous year: $2.85
+13.0%
GTS Contract Value
$3.8B
Previous year: $3.5B
+8.6%
GBS Contract Value
$1.1B
Previous year: $1B
+10.0%
Gross Profit
$1.03B
Previous year: $1.02B
+1.5%
Cash and Equivalents
$1.24B
Previous year: $1.17B
+5.4%
Free Cash Flow
$341M
Previous year: $410M
-16.9%
Total Assets
$7.43B
Previous year: $7.36B
+1.0%

Gartner

Gartner

Gartner Revenue by Segment

Forward Guidance

Gartner updated its financial outlook for the full year 2024.

Revenue & Expenses

Visualization of income flow from segment revenue to net income