Gartner, Inc. reported second-quarter FY22 revenue growth of 21.8 percent year-on-year on an FX-neutral basis to $1.40 billion, beating the consensus of $1.32 billion.
Revenues from Research rose 14 percent Y/Y to $1.14 billion, and Conferences were $113.5 million, up 95 percent Y/Y. Consulting revenue grew 14 percent Y/Y to $120.7 million.
Global Technology Sales Contract Value rose 13.5 percent Y/Y FX neutral to $3.4 billion. Global Business Sales Contract Value increased 23 percent Y/Y to $0.9 billion.
Adjusted EPS of $2.85 beat the consensus of $2.13.
Gartner generated $416 million in operating cash flow.
CEO Gene Hall commented, “We are again raising our guidance and remain well-positioned to deliver long-term, sustained, double-digit growth. And we continue to buy back stock, which will increase our per share results this year and beyond.”
Outlook
Gartner sees FY22 revenue of $5.35 billion above the consensus of $5.31 billion.EPS outlook of $8.85 exceeded the consensus of $8.06.
By Anusuya Lahiri
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