Gartner Inc. reported fourth-quarter FY21 revenue growth of 18 percent year-on-year on an FX-neutral basis to $1.306 billion, beating the consensus of $1.25 billion.
Revenues from Research rose 16.8 percent Y/Y to $1.1 billion, and Conferences was $107 million, up 14.8 percent Y/Y. Consulting revenue grew 25.5 percent Y/Y to $118 million.
Global Technology Sales Contract Value rose 14 percent Y/Y FX neutral to $3.4 billion. Global Business Sales Contract Value increased 24 percent Y/Y to $0.9 billion.
Adjusted EPS of $2.99 beat the consensus of $2.42.
Gartner generated $235 million in operating cash flow.
Gene Hall, Gartner’s CEO, commented, “Gartner had a strong finish to an already good year, delivering contract value at the high end of our medium-term guidance, revenue growth across all three segments, and outstanding free cash flow generation.”
Share Buyback
The board raised the share buyback authorization by $500 million in February 2022.By Anusuya Lahiri
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