Gartner, Inc. (IT) Tops Q2 EPS by 39c, Revenues Beat

Gartner, Inc. (NYSE: IT) reported Q2 EPS of $1.20, $0.39 better than the analyst estimate of $0.81. Revenue for the quarter came in at $1 billion versus the consensus estimate of $930.53 million.

SECOND QUARTER 2020 HIGHLIGHTS

• Revenues: $1.0 billion, -9.1%; -7.6% FX neutral.
• Net income: $55 million; adjusted EBITDA: $192 million, +4.0%, +6.0% FX neutral.
• Diluted EPS: $0.61, -46.0%; adjusted EPS: $1.20, -17.2%.
• Operating cash flow: $399 million; free cash flow: $322 million, +71.1%.
• Reduced total debt by $200 million and reduced maturity date risk.

For earnings history and earnings-related data on Gartner, Inc. (IT) click here.

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