Gartner Reports Strong First Quarter

Technology advisory firm Gartner has announced first quarter revenue up 6.1% (at constant currency) to $1.02bn. Adjusted EBITDA jumped 52.8% on the same basis, to $214m. Results would have looked still better but for a pandemic-related slump in its small Conferences division.

Adjusted EPS and (non-GAAP) free cashflow also rose steeply, by 107% and 101% respectively. Within these overall figures the Research division, which represents 89% of total revenue, added 11.3% to revenue (now $909m); while Conferences crashed 73% from $52m in Q1 2019 to $14m; and Consulting added 3.8% to reach $96m.

CEO Gene Hall (pictured) comments: 'During these uncertain times, keeping our associates, clients and suppliers safe remains a top priority. We are well-positioned to help our clients address the pandemic and the economic downturn. We're managing costs and cash flow, and we will come out of the recession well-positioned to resume driving long term, sustained, double-digit growth'.

Web site: www.gartner.com .