Gartner second quarter revenue up
In its latest financial results, the company reported revenues of $1.1bn for the quarter.
Net income was $103m, while adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) was $185m – up slightly ( 1%) from the second quarter of 2018.
Revenue from the research division was $826m according to GAAP (generally accepted accounting principles) metrics, a 7% increase.
The company updated its financial outlook from a previous forecast of $4.22-4.32bn to $4.22-4.26bn.
During its earnings call, the company said it had revised its full-year forecast because of "modest" changes in its expected revenues and costs, including lower non-subscription revenue from its research division.
Gene Hall, chief executive officer at Gartner, said: "We delivered another strong quarter across our three businesses: research, conferences, and consulting. We’ve equipped global business sales with the resources, training and tools to achieve success and we’re beginning to see a return. We continue to make calculated investments in our business and are well-positioned for sustained long-term, double-digit growth."

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