Gartner, Inc. (IT) Tops Q3 EPS by 39c, Revenues Beat

Gartner, Inc. (NYSE: IT) reported Q3 EPS of $0.91, $0.39 better than the analyst estimate of $0.52. Revenue for the quarter came in at $995 million versus the consensus estimate of $928.14 million.

THIRD QUARTER 2020 HIGHLIGHTS

• Revenues: $995 million, -0.6%; -1.0% FX neutral.
• Net income: $17 million; adjusted EBITDA: $168 million, +20.0%, +19.4% FX neutral.
• Diluted EPS: $0.19, -58.7%; adjusted EPS: $0.91, +30.0%.
• Operating cash flow: $244 million; free cash flow: $229 million, +24.9%.

Gene Hall, Gartner’s Chief Executive Officer, commented, “In the third quarter we delivered strong performances in revenue, adjusted EBITDA and free cash flow. We raised guidance for the full year as demand is tracking above our prior expectations. We expect to deliver tremendous value to our clients which will drive long-term, sustained double-digit growth in cash flow for our shareholders.”

For earnings history and earnings-related data on Gartner, Inc. (IT) click here.

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