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.
Gartner's total revenue increased by 6% YoY to $1.6 billion, with Research growing by 5%, Conferences by 10%, and Consulting by 13%. This indicates broad-based growth across all business segments.
The gross contribution margin for Research was 74%, Conferences was 58%, and Consulting was 38% for the three months ended June 30, 2024. These margins are consistent with the same period last year, indicating stable profitability.
Net income increased to $229.5 million, up from $198.0 million in the same quarter last year, primarily due to revenue growth and a decrease in interest expense, partially offset by increased operating expenses.