Gartner Reports 5% First Quarter Revenue Rise

Technology specialist Gartner has reported a 5% increase in first quarter revenue to $471.2m, with the profit measure normalized EBITDA falling 5% to $80.7m. Separately, the Board has authorized $1.2bn for share repurchase.

By business segment, Gartner's Research division saw its Q1 revenue rise 9% to $381.1m from $348.1m in Q1 2014. Research gross contribution margin was 70% (71% in 2014), and contract value was $1.562bn at March 31st, an increase of 15% compared with the prior year period. Consulting revenue fell 9% to $76.8m, and Events revenue was down 7% to $13.3m.

Overall for the group, net income fell 25% to $28.4m. CEO Gene Hall (pictured) comments: 'The momentum we saw in 2014 continued into the first quarter of 2015. Overall we remain confident in our tremendous market opportunity and growth potential over the long term'.

Web site: www.gartner.com .