- \n
- \nRevenues: $1.2 billion, +20.0% as reported; +15.9% FX neutral.\n<\/li>\n
- \nNet income: $271 million; adjusted EBITDA: $355 million, +84.9% as reported, +75.4% FX neutral.\n<\/li>\n
- \nDiluted EPS: $3.13, +413.1%; adjusted EPS: $2.24, +86.7%.\n<\/li>\n
- \nOperating cash flow: $575 million; free cash flow: $563 million, +75.1%.\n<\/li>\n
- \nRepurchased 3.1 million common shares for $685 million.\n<\/li>\n
- \nBoard of Directors increased the share repurchase authorization by $800 million in July 2021.\n<\/li>\n<\/ul>\n
\n\u00a0\n<\/p>\n
STAMFORD, Conn.–(BUSINESS WIRE<\/a>)–
\nGartner, Inc. (NYSE: IT), the world\u2019s leading research and advisory company, today reported results for the second quarter of 2021 and updated its financial outlook for the full year 2021. Additional information regarding the Company\u2019s results as well as an updated 2021 financial outlook is provided in an earnings supplement available on the Company\u2019s Investor Relations website at https:\/\/investor.gartner.com<\/a>.\n<\/p>\n\nGene Hall, Gartner\u2019s Chief Executive Officer, commented, \u201cWe continued our outstanding financial performance in the second quarter with strength in revenues, EBITDA, margins, and free cash flow. We repurchased over $1 billion of stock year-to-date and remain committed to returning excess capital to shareholders. We are raising our guidance to reflect the momentum we saw in the first half of 2021.\u201d\n<\/p>\n
CONFERENCE CALL INFORMATION<\/b><\/p>\n
\nThe Company will host a webcast call at 8:00 a.m. Eastern time on Tuesday, August 3, 2021 to discuss the Company\u2019s financial results. The call will be available via the Company\u2019s website at https:\/\/investor.gartner.com<\/a> or by dialing 844-413-7151 (conference ID 6117156). A replay of the webcast will be available on the Company\u2019s website for approximately 30 days following the call.\n<\/p>\n
CONSOLIDATED RESULTS HIGHLIGHTS<\/b><\/p>\n
\n
\n \n \n(Unaudited; $ in millions, except per share amounts)\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nThree Months Ended\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nJune 30,\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nInc\/(Dec)\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2021\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2020\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nInc\/(Dec)\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nFX Neutral\n<\/p>\n<\/td>\n<\/tr>\n
\n \n GAAP Metrics<\/b>:\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRevenues\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n$\n<\/p>\n<\/td>\n
\n \n1,167\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n$\n<\/p>\n<\/td>\n
\n \n973\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n20.0\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n15.9%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNet income\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n271\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n55\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n392.5\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nna\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nDiluted EPS\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n3.13\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n0.61\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n413.1\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nna\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOperating cash flow\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n575\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n343\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n67.7\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nna\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n Non-GAAP Metrics<\/b>:\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdjusted EBITDA\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n$\n<\/p>\n<\/td>\n
\n \n355\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n$\n<\/p>\n<\/td>\n
\n \n192\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n84.9\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n75.4%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nAdjusted EPS\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n2.24\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n1.20\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n86.7\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nna\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nFree cash flow\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n563\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n322\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \n75.1\n<\/p>\n<\/td>\n
\n \n%\n<\/p>\n<\/td>\n
\n \n\u00a0\n<\/p>\n<\/td>\n
\n \nna\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\nna=not available.\n<\/p>\n
SEGMENT RESULTS HIGHLIGHTS<\/b><\/p>\n
- \n
- \nGlobal Technology Sales Contract Value (GTS CV): $3.1 billion, +9.0% YOY FX Neutral\n<\/li>\n
- \nGlobal Business Sales Contract Value (GBS CV): $0.8 billion, +18.1% YOY FX Neutral\n<\/li>\n<\/ul>\n
\nOur segment results for the three months ended June 30, 2021 were as follows:\n<\/p>\n
\n(Unaudited; $ in millions)\n<\/p>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20210803005406\/en\/895725\/3\/Gartner_logo_RGB_%281%29.jpg\"){kind=logo}
<\/td>\n<\/tr>\n