- Gartner ( NYSE: IT ) shares jumped after Q2 earnings beat , revenue up by ~18% and adjusted EPS up by 27%.
- Global Technology sales contract value expanded 13.5% Y/Y to $3.4B
- Global Business sales contract value grew 23% Y/Y to $0.9B.
- Gene Hall, Gartner’s Chief Executive Officer, commented, “Gartner had another strong quarter with double-digit growth in contract value, revenue, and Adjusted EPS. 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.”
- A glance at company's updated outlook:
- Consensus revenue estimate for FY2022 is $5.31B and adjusted EPS is $8.06.
- Over a period of one year, IT gained ~9% .
- Check the recent analysis on the stock here .
For further details see:
Gartner stock jumps after Q2 beat and guidance boost