Gartner Revenue Breaks $6bn

Tech consulting and research giant Gartner has reported fourth quarter revenues of $1.715 billion, up 8% in constant currency terms, and full year revenue of $6.3bn, up 6%. Annual adjusted EBITDA rose 6%, on the same basis, to $1.6bn.

Fourth quarter adjusted EBITDA was $417m, up 9% in constant currency terms, while adjusted EPS were $5.45, up 79% for the quarter and $14.09, up 24% for the full year. Fourth Quarter Conference and Consulting revenues were up 17% and 19% respectively, to $251m and $153m, while Research rose a more modest 6% to $1,311m. The figures for Consulting represent a strong rebound after the division saw a rare decline in revenue (down 3.7%) in Q3.

Chairman and CEO Gene Hall (pictured) says the Q4 results were ahead of expectations and contract value growth accelerated. He states: 'Gartner delivered another strong year, providing exceptional value for our clients and shareholders, driving high single digit growth in contract value and generating almost $1.4 billion of free cash flow. In 2025, we will continue to accelerate hiring, keeping us on a path to long-term, sustained, double-digit growth'.

Gartner's annual revenue growth has indeed stayed in double figures over much of the past fifteen years, but dropped from around 10% to below 5% in the third quarter of 2023 and has yet to climb back. However, in a tough financial environment where many firms would be relieved to see revenues flat, it continues to outperform. Today's figures compared with those for 9 months to date from IQVIA suggest that *if* current trends continue Gartner will overtake the healthcare and pharma sector data firm to top the list of the insight and analytics sector's biggest companies by the end of 2025. Figures for these and the rest of the top 50+ will be available in MrWeb's RAIDAR listing when this is relaunched later this year.

Web site: www.gartner.com .