Gartner, Inc. (IT - Free Report) reported better-than-expected second-quarter 2023 results.
Adjusted earnings (excluding 37 cents from non-recurring items) per share of $2.85 beat the Zacks Consensus Estimate by 14.9% but matched the year-ago reported figure. Revenues of $1.5 billion beat the consensus estimate by 1% and improved 9.2% year over year on a reported basis and 10% on a foreign-currency-neutral basis.
Total contract value was $4.6 billion, up 8.9% year over year on a foreign-currency-neutral basis.
Quarterly Numbers in Detail
Revenues in the Research segment increased 5.7% year over year on a reported basis and 6.5% on a foreign-currency-neutral basis to $1.21 billion. Gross contribution margin was 73.3%, which came to $885 million in the reported quarter.
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Gartner, Inc. (IT - Free Report) reported better-than-expected second-quarter 2023 results.
Adjusted earnings (excluding 37 cents from non-recurring items) per share of $2.85 beat the Zacks Consensus Estimate by 14.9% but matched the year-ago reported figure. Revenues of $1.5 billion beat the consensus estimate by 1% and improved 9.2% year over year on a reported basis and 10% on a foreign-currency-neutral basis.
Total contract value was $4.6 billion, up 8.9% year over year on a foreign-currency-neutral basis.
Quarterly Numbers in Detail
Revenues in the Research segment increased 5.7% year over year on a reported basis and 6.5% on a foreign-currency-neutral basis to $1.21 billion. Gross contribution margin was 73.3%, which came to $885 million in the reported quarter.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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