Future

Billion

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<p class="has-drop-cap">Gartner Inc. (NYSE: IT), a leading research and advisory company, has reported its <a aria-label="financial results (opens in a new tab)" href="https://investor.gartner.com/static-files/f8b0133d-d9e4-4426-a9f2-39734ffc41b9" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">financial results</a> for the fourth quarter of 2023, showcasing a robust performance despite facing several market challenges. The company witnessed a revenue increase to $1.6 billion, marking a 5% growth as reported, and a 4% growth on a <a href="https://tokenist.com/investing/beginners-guide-to-forex-trading/" rel="noopener noreferrer nofollow" class="deco-link">foreign exchange</a> (FX) neutral basis. <br><br>The quarter also saw a decrease in net income to $209 million, a 19% decline, and a similar downward trend in diluted earnings per share (EPS) to $2.64, an 18% fall. Despite these declines, the company significantly increased operating cash flow, up 10% to $224 million, and free cash flow, which surged 19% to $196 million.</p>
<h3 id="gartner-inc-it-adjusted-eps-above-expectations-in-q4">Gartner Inc. (IT) Adjusted EPS Above Expectations in Q4</h3>
<p>When comparing Gartner’s performance against market expectations, it is evident that the company has exceeded revenue forecasts, with actual revenue of $1.6 billion surpassing the expected $1.59 billion. However, the diluted EPS of $2.64 fell short of the anticipated $2.83. This mixed outcome highlights Gartner’s strength in generating revenue while pointing to areas where the company faces challenges, particularly in net income and EPS. <a href="https://tokenist.com/investing/how-to-value-a-stock/" rel="noopener noreferrer nofollow" class="deco-link">Adjusted EPS</a> also saw a decrease to $3.04, reflecting the company’s efforts to maintain profitability amidst economic pressures.</p>
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<h3 id="guidance-for-the-future">Guidance for the Future</h3>
<p>Looking ahead, Gartner is optimistic about its future, with CEO Gene Hall noting the company’s exceptional value delivery to clients and its positioning for long-term sustained growth. The company has set a guidance that reflects confidence in its business model, aiming for achievable targets across various economic scenarios. Gartner’s focus on driving high single-digit growth in contract value and generating substantial free cash flow highlights its strategic planning to maintain momentum and capitalize on opportunities for upside.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/gartner-inc-it-surpasses-revenue-expectations-with-1-6-billion-in-q4/">Gartner Inc. (IT) Surpasses Revenue Expectations with $1.6 Billion in Q4</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Gartner Inc. (IT) Surpasses Revenue Expectations with $1.6 Billion in Q4

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