Gartner Revenues Down in First Quarter

Gartner has reported a decrease in revenue in the first quarter, to $1.51bn - on an adjusted, FX-neutral basis the drop is just 1.4%, but still unprecedented in recent years for the IT consulting giant.

The two-figure revenue increases standard for the company a few years ago have gradually given way to smaller rises: 8% in 2023, 6% a year later and just 3% last year, with fourth quarter revenue flat vs Q4 2024. Even Gartner, it seems, is not immune to the uncertainty in much of the global economy.

The company remains profitable - indeed Q1 adjusted EBITDA excluding a divested operation was up slightly (+5.7% as reported, +1.0% FX-neutral) to $395 million.

The group's largest division, Insights, was flat, with revenue down 0.1% (FX-neutral) to $1,294m, while Consulting fell 16.8% to $119m, and Conferences climbed 5.8% to $78m.

Chairman and CEO Gene Hall (pictured) flagged up some positive signs: 'Contract Value accelerated in the quarter. Insights revenue, Adjusted EBITDA excluding divested operation, Adjusted EPS, and free cash flow were ahead of expectations. We repurchased $535 million of stock in the quarter, as our capital allocation continues to create value for our shareholders. In addition, we increased our full year Adjusted EBITDA excluding divested operation, Adjusted EPS, and free cash flow guidance.'

The company is online at www.gartner.com .