Sector: Technology|Industry: Information Technology Services|Market Cap: $37.16B|Employees: 20.2K
Gartner, Inc. is a global research and advisory company that delivers actionable, objective insights to executives and their teams. The company operates through three segments: Research, Conferences, and Consulting. Gartner's market position is built on its proprietary research methodologies, extensive industry relationships, and a diversified business model, serving over 15,000 enterprises across 90 countries.
Total revenues increased to $1.5 billion, a 5% increase compared to the first quarter of 2023. Research revenues grew by 4%, Conferences by 8%, and Consulting by 6%, indicating broad-based growth.
Net income decreased to $210.5 million, a 29% decrease compared to $295.8 million in the first quarter of 2023. This decrease is primarily due to a $139.3 million pre-tax gain from the sale of a divested operation in the prior year.
Operating income decreased to $273.9 million, a 33% decrease compared to $408.0 million in the same period last year. This is primarily due to the gain from the sale of a divested operation in the prior year and increases in operating expenses.