Gartner Reports 12% Q1 Research Revenue Rise

Tech sector researcher and analyst Gartner has reported a 12% increase in its first quarter Research revenue to $348.1m, compared with Q1 2013.

Gross contribution margin for the Research segment rose slightly from 69% to 71%.

During the quarter, the company's total revenue increased 10% to $446.7m; net income was up 3% to $37.7m; and normalized EBITDA rose 13% to $85.1m. Revenue increased 16% to $84.3m in the firm's Consulting division, but fell 40% to $14.3m in the Events arm.

CEO Gene Hall (pictured) comments: 'For the first quarter 2014, revenue, contract value, normalized EBITDA and EPS continued our trend of consistent, double-digit growth. Contract value growth re-accelerated to 13%. Our recent acquisition of Software Advice and our accelerated pace of share repurchase activity demonstrates our confidence and optimism in our tremendous market opportunity and growth potential over the long term.'

For the full year 2014, Gartner is projecting total revenue of $1.96 billion to $2.00 billion, with up to $1.45 billion generated from the Research team.

Web site: www.gartner.com .