-. 4 min read. STAMFORD, Conn. (AP) _ Gartner Inc. (IT) on Tuesday reported third-quarter net income of $173.5 million. Forward-looking statements included herein speak only as of the date hereof and Gartner disclaims any obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law. (g) Adjusted EPS was calculated based on 80.1 million and 84.8 million diluted shares for the three months ended September 30, 2022 and 2021, respectively. Gartner, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. Read Now. The percentage changes are based on the unrounded whole number and recalculation based on millions may yield a different result. Klicken Sie hier, um weitere Informationen zu unseren Partnern zu erhalten. Foreign Currency Neutral (FX Neutral): We provide foreign currency neutral dollar amounts and percentages for our contract values, revenues, certain expenses, and other metrics. Looking ahead, revenue is forecast to grow 7.3% p.a. Worldwide server revenue grew 5.2% in the third quarter but declined for Hewlett-Packard (HP), Gartner Inc. said in a report on server sales during the quarter. NYSE:IT opened at $302.01 on Friday. Gartner, Inc. We provide these measures to enhance the users overall understanding of the Companys current financial performance and the Companys prospects for the future. In 2021, Gartner peaked its global revenues at over 4.73 billion U.S. dollars. Definitions of these non-GAAP financial measures are included in this Press Release under Non-GAAP Financial Measures and the related reconciliations are under Supplemental Information Non-GAAP Reconciliations. In this Press Release, some totals may not add due to rounding. Profits totaled about $68 million, compared with $84 million in the same period a year ago. The research house has just issued its external storage report for the second 2022 quarter to subscribers, and we have seen a Wells Fargo summary. Adjusted EPS was calculated based on 86.6 million and 89.8 million diluted shares for the three months ended June 30, 2021 and 2020, respectively. Gartner annual revenue for 2020 was $4.099B, a 3.44% decline from . The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.85 . We believe Adjusted EBITDA and Adjusted EBITDA Margin are important measures of our recurring operations as they exclude items not representative of our core operating results. Adjusted EBITDA Margin represents Adjusted EBITDA divided by GAAP Revenue. -. Sie knnen Ihre Auswahl in den Datenschutzeinstellungen jederzeit ndern. Condensed Consolidated Statements of Operations | November 2, 2022 (Unaudited; in millions, except per share data), Gain on event cancellation insurance claims, View source version on businesswire.com: https://www.businesswire.com/news/home/20210803005406/en/, David Cohen Earnings, adjusted for pretax expenses, were $2.41 per share.. Foreign Currency Neutral (FX Neutral): We provide foreign currency neutral dollar amounts and percentages for our contract values, revenues, certain expenses, and other metrics. STAMFORD, Conn.-- ( BUSINESS WIRE )--Gartner, Inc. (NYSE: IT), the . Gartner Inc. on Tuesday posted a better-than-expected rise in profit for the third quarter, with sales increasing amid double-digit growth in contract value. The Zacks Consensus Estimate for Gartner's third-quarter 2022 revenues is pegged at $1.27 billion, indicating growth of 10% from the year-ago quarter's reported figure. (b) Includes depreciation expense, amortization of intangibles and accretion on asset retirement obligations. Chris Mellor. Gartner (IT) delivered earnings and revenue surprises of 33.18% and 4.39%, respectively, for the quarter ended June 2022. Revenue exceeded analyst estimates by 2.8%. Our segment results for the three months ended June 30, 2021 were as follows: Additional details regarding our segment results can be obtained from the earnings supplement, our quarterly report on Form 10Q filed with the SEC on August 3, 2021 and our webcast. Kathleen Persaud Global semiconductor revenue is projected to grow 7.4% in 2022, down from 2021 growth of 26.3%, according to the latest forecast from Gartner, Inc. Shares of the Stamford, Conn. were rising 17.1% to $231.08 on Tuesday. A replay of the webcast will be available on the Companys website for approximately 30 days following the call. Gartner (IT) delivered earnings and revenue surprises of 33.18% and 4.39%, respectively, for the quarter ended June 2022. Phone: +1 203 316 6537 Fax: +1 203 316 6525 Email: investor.relations@gartner.com This is down from the previous quarter's forecast . Gartner, Inc. The business earned $1.38 billion during the quarter, compared to analysts' expectations of $1.32 billion. STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 1, 2022-- Gartner, Inc. (NYSE: IT) today reported results for the third quarter of 2022 and updated its financial outlook for the full year 2022. Weitere Informationen darber, wie wir Ihre Daten nutzen, finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Gartner: Gartner Reports Third Quarter 2022 Financial Results (marketscreener.com) Total Contract Value $4.5 billion, +14.5% YoY FX Neutral THIRD QUARTER 2022 HIGHLIGHTS Revenues: $1.3 billion, +15.2% as reported; +20.4% FX neutral. Gartner, Inc. (NYSE: IT) today reported results for the third quarter of 2022 and updated its financial outlook for the full year 2022. Once registered, participants will receive a dial-in number and a unique PIN to access the call. Consists of the gain on event cancellation insurance claims for events cancelled in 2020. +1 203.316.6631 A replay of the webcast will be available on the Companys website for approximately 30 days following the call. Investors are cautioned that these non-GAAP financial measures may not be defined in the same manner by other companies and, as a result, may not be comparable to other similarly titled measures used by other companies. Certain financial measures used in this Press Release are not defined by U.S. generally accepted accounting principles (GAAP) and as such are considered non-GAAP financial measures. The tables below provide reconciliations of certain Non-GAAP financial measures used in this Press Release with the most directly comparable GAAP measure. Consists of charges for stock-based compensation awards. The company has a current ratio of 0.62, a quick . Repurchased 3.1 million common shares for $685 million. (Unaudited; $ in millions), GAAP cash provided by operating activities, GARTNER, INC. According to Gartner, all-flash-array revenues will pass disk drive and hybrid array revenue next year and grow to 55 percent of all external storage revenues in 2026. The blended effective tax rates on the adjustments were approximately 24.6% and 22.8% for the three months ended June 30, 2021 and 2020, respectively. Gartner's (IT) third-quarter 2022 revenues are likely to have surged from the year-ago quarter?? Repurchased 3.1 million common shares for $685 million. Gartner . SUPPLEMENTAL INFORMATION - NON-GAAP RECONCILIATIONS. Global semiconductor revenue is projected to grow 7.4% in 2022, down from 2021 growth of 26.3%, according to the latest forecast from Gartner, Inc. . The market reached $2 billion in revenue in the third quarter of 2020, with VMware capturing 40 percent of revenue , followed by Nutanix with 25 percent, according to IDC. All rights reserved. 2 NH Locations: Landcare Stone Madbury, NH Stratham Hill Stone Stratham, NH Shipping Nationwide Reconciliation - GAAP Net Income to Adjusted EBITDA, Depreciation, amortization and accretion (b), Loss on impairment of lease related assets, net (c), Acquisition and integration charges and other non-recurring items (d). Gartner beat estimated earnings by 28.88%, reporting an EPS of $2.41 versus an estimate of $1.87. Additional information regarding the Company's results as well as an updated 2022 financial outlook is provided in an earnings supplement available on the . Board of Directors increased the share repurchase authorization by $800 million in July 2021. Upcoming Earnings - US Historical Earnings - World United States Canada UK Hong Kong Japan Australia New Zealand Germany Switzerland Spain Poland Netherlands Greece France Ireland Italy Belgium Austria Adjusted EPS in Q2 was $2.85, growth of 27% year-over-year. Certain financial metrics contained in this Press Release are considered non-GAAP financial measures. investor.relations@gartner.com. Global Technology Sales Contract Value (GTS CV): $3.1 billion, +9.0% YOY FX Neutral, Global Business Sales Contract Value (GBS CV): $0.8 billion, +18.1% YOY FX Neutral. . Gartner annual revenue for 2019 was $4.2B, a 6.79% growth from 2018. Certain financial metrics contained in this Press Release are considered non-GAAP financial measures. Forward-looking statements included herein speak only as of the date hereof and Gartner disclaims any obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law. Net income: $271 million; adjusted EBITDA: $355 million, +84.9% as reported, +75.4% FX neutral. The average share count for the second quarter was 81 million shares. Gartner beat estimated earnings by 28.88%, reporting an EPS of $2.41 versus an estimate of $1.87. We repurchased over $1 billion of stock year-to-date and remain committed to returning excess capital to shareholders. Earnings . Gartner (IT) delivered earnings and revenue surprises of 30.27% and 4.68%, respectively, for the quarter ended September 2022. Additional information . We are a trusted advisor and an objective resource for more than 14,000 enterprises in more than 100 countries across all major functions, in every industry and enterprise size. Reconciliation - GAAP Cash Provided by Operating Activities to Free Cash Flow (e) Represents the fair value adjustment for interest rate swaps after de-designation. Featured News. Reconciliation - GAAP Net Income to Adjusted Net Income and Adjusted EPS Operating cash flow: $903 million; free cash flow: $819 million, +97%. The Q4 adjusted tax rate, which we use for the calculation of adjusted net income, was 25% for the quarter. Do the numbers hold clues to what lies ahead for the stock? Gartner , which belongs to the Zacks Consulting Services industry, posted revenues of $1.26 billion for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 1.72%. Our teams continue to hire as we invest for the future, while also delivering better than planned margin performance. Daten ber Ihr Gert und Ihre Internetverbindung, darunter Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. (Unaudited; $ in millions, except per share amounts), Acquisition and integration charges and other non-recurring items (b), (c), Gain on event cancellation insurance claims (d), Loss on de-designated interest rate swaps (e). Gartner, Inc. (NYSE: IT) is the worlds leading research and advisory company and a member of the S&P 500. Gene Hall, Gartners Chief Executive Officer, commented, We continued our outstanding financial performance in the second quarter with strength in revenues, EBITDA, margins, and free cash flow. (d) Includes impairment loss for lease related assets. Also, these non-GAAP financial measures should not be construed as alternatives, or superior, to other measures determined in accordance with GAAP. The carbon in our atmosphere has created a blanket of gas that traps. Gene Hall, Gartners Chief Executive Officer, commented, Gartner had another strong quarter with double-digit growth in contract value, revenue, and Adjusted EPS. Gartner revenue for the twelve months ending June 30, 2022 was $5.102B, a 16.51% increase year-over-year. The results topped Wall Street expectations. IFS continues to help existing, and new customers, deliver Moments of Service as it accelerated ARR from 33% to 38% YoY. Gartner Survey Shows Macroeconomic Downturn as Top Emerging Risk Concerning Executives for Second Consecutive Quarter . Such forward-looking statements involve known and unknown risks, estimates, uncertainties and other factors that may cause actual results to be materially different, and are currently, or in the future could be, amplified by the COVID-19 pandemic. The Stamford, Connecticut-based company said it had profit of $2.17 per share. 2022Gartner, Inc. and/or its affiliates. All rights reserved. This is down from the previous quarter's forecast of 13.6% growth in 2022. Revenue: $594.5 million vs. $565 million as expected . Global Technology Sales Contract Value (GTS CV): Global Business Sales Contract Value (GBS CV).