- Gartner (NYSE:IT -4.4%) reports revenue rose 16% if the impact of the foreign exchange is backed out.
- Segment revenue: Research: $420.5M (+13%); Consulting: $87.9M (flat); Events: $135.3M (+11%).
- Operating margin rate fell 60 bps to 15.8%.
- Client retention rate was 84% for the quarter.
- FY2016 Guidance: Total revenue: $2.39B to $2.45B (+10% to +13%); Research revenue: $1.785B to $1.815B (+13% to +15%); Consulting revenue: $330M to $345M (+1% to +5%); Events revenue: $275M to $290M (+9% to +15%); GAAP EPS: $2.15 to $2.37; Adjusted EPS: $2.55 to $2.77 (+7% to +16%); Normalized EBITDA: $440M to $470M; Operating cash flow: $350M to $375M; Capex: $47M; Free cash flow: $345 to $370M.
- Q4 results