Gartner Reports Second Quarter 2018 Financial Results
STAMFORD, Conn.--(BUSINESS WIRE)--Aug 1, 2018--Gartner, Inc. (NYSE: IT), the world’s leading research and advisory company, today reported results for the second quarter 2018 and updated its GAAP EPS guidance and reiterated its Non-GAAP guidance for full year 2018. Gene Hall, Gartner’s chief executive officer, commented, “We got off to a great start for the year and that continued through the second quarter. The leading indicators across all parts of our business are overwhelmingly positive, and we are well-positioned for sustained, long-term double digit growth.”
CONFERENCE CALL INFORMATION The Company will host a webcast call at 8:00 a.m. Eastern time on Wednesday, August 1, 2018 to discuss the Company’s financial results. The call will be available via the Internet by accessing the Company’s website at http://investor.gartner.com or by dialing 216-562-0463 and referencing the conference code 1894032. A replay and a transcript will be available for approximately 30 days following the call on the Company’s website.
CONSOLIDATED RESULTS HIGHLIGHTS
(a) The foreign currency neutral percentage change in revenue was 16%.
ABOUT GARTNER Gartner, Inc. (NYSE: IT), is the world’s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities and build the successful organizations of tomorrow. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We’re trusted as an objective resource and critical partner by more than 15,000 organizations in more than 100 countries — across all major functions, in every industry and enterprise size. To learn more about how we help decision makers fuel the future of business, visit www.gartner.com.
SEGMENT RESULTS HIGHLIGHTS Unless indicated otherwise, our segment results below for the three and six months ended June 30, 2017 include the operating results of CEB Inc., beginning April 5, 2017, the date of acquisition. Additional information regarding our segment results can be obtained in our quarterly report on Form 10-Q filed with the SEC on August 1, 2018. Certain financial metrics contained in this Press Release are considered non-GAAP financial measures. Definitions of these non-GAAP financial measures are included in this Press Release under “Non-GAAP Financial Measures” and reconciliations under “Supplemental Information — Non-GAAP Reconciliations.” In the tables below, some totals may not add due to rounding. In addition, percentage changes are based on the whole number and recalculation based on millions may yield a different result. In the second quarter of 2018 the Company divested its CEB Talent Assessment business and its CEB Workforce Survey & Analytics business. These two businesses were acquired in the CEB acquisition and were previously reported with the Talent Assessment & Other segment. As a result of these divestitures, the Company changed the segment name to Other.
($ in millions)
(a) The foreign currency neutral percentage change in revenues was 33% for the six months.
(b) Contract value dollar amounts and percentages are foreign currency neutral.
(c) GTS includes sales to users and providers of technology. GBS includes sales to all other functional leaders.
($ in millions)
(a) The foreign currency neutral percentage change in revenues was 22% for the six months.
(b) Single day, local events are excluded.
($ in millions, except for Revenue per billable headcount, which is in thousands)
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