DRNO - Daily Research News
News Article no. 37037
Published July 30 2024

 

 

 

Conference and Consulting Units Lead Gartner Growth

Gartner has reported results for the second quarter of the year, with revenue up 6.9% (constant currency) to $1.6bn, and adjusted EBITDA up 9.8% to $416m.

Gene HallOn the same basis, revenue in the group's largest division, Research, grew a relatively modest 5.5% to $1,266m, while Conferences and Consulting both delivered double digit growth (up 10.8% to $186m and up 14.9% to $143m, respectively).

The results are a slight improvement on Q1 figures (revenue up 4.6% to $1.473bn and EBITDA up 1.7% to $382m), but both quarters have been slow by Gartner's own very high standards.

CEO Gene Hall, who a month ago was given the additional role of Chairman, comments: 'Contract value in the second quarter grew high single digits, accelerating from Q1. Revenue, Adjusted EBITDA, and Adjusted EPS were ahead of expectations. We remain well-positioned to drive long-term, sustained, double-digit growth built on delivering actionable, objective insight to help our clients address their mission-critical priorities'.

Web site: www.gartner.com .

 

 
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