Research and Events Divisions Lead Gartner Growth

IT research and consulting firm Gartner has reported second quarter revenue of $519.8m, up 17% year on year, or 16% excluding currency effects. Profits jumped likewise: normalized EBITDA also rose 17%, to $105.0m.

Diluted earnings per share were up from $0.49 to $0.58. For the first 6 months as a whole, the figures were revenue $966.5m (up 13%); EBITDA $190.1m (up 15%) and EPS $0.99, up from $0.87 in 2013.

In the Research division, Q2 revenue was up 15% to $358.5m with similar margins and client / wallet retention figures. In Consulting, revenue rose 9% to $93.5m, while a sharp increase (39%) in revenue for the Events division took it to $67.8m.

The group has made three acquisitions so far in 2014: Software Advice, Inc., Market Visio Oy and Senexx / SircleIT, Inc.

CEO Gene Hall (pictured) restated the firm's 'confidence and optimism in our tremendous market opportunity and growth potential over the long term', shown in its recent acquisitions and accelerated pace of share repurchase activity.

Web site: www.gartner.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

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