Last $85.42 USD
Change Today -0.50 / -0.58%
Volume 129.0K
IT On Other Exchanges
Symbol
Exchange
Munich
New York
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

gartner inc (IT) Snapshot

Open
$86.31
Previous Close
$85.92
Day High
$86.45
Day Low
$85.37
52 Week High
12/19/14 - $87.58
52 Week Low
02/6/14 - $61.28
Market Cap
7.5B
Average Volume 10 Days
320.7K
EPS TTM
$2.13
Shares Outstanding
88.0M
EX-Date
07/19/99
P/E TM
40.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for GARTNER INC (IT)

gartner inc (IT) Details

Gartner, Inc. provides independent and objective research and analysis on the information technology (IT), computer hardware, software, communications, and related technology industries in the United States, Canada, Europe, the Middle East, Africa, and internationally. It operates through three segments: Research, Consulting, and Events. The Research segment offers objective insight on critical and timely technology and supply chain initiatives for CIOs, other IT professionals, supply chain leaders, technology companies, and the investment community through reports, briefings, proprietary tools, access to analysts, peer networking services, and membership programs. This segment provides analysis on various aspects of technology, including hardware, software and systems, services, IT management, market data and forecasts, and vertical-industry issues. This segment delivers its IT research and insight primarily through a subscription-based digital media service. The Consulting segment offers consulting, measurement engagements, and strategic advisory services, as well as proprietary tools for measuring and improving IT performance. This segment provides solutions to CIOs and other IT executives; targeted consulting services to professionals in specific industries; and actionable solutions for IT cost optimization, technology modernization, and IT sourcing optimization initiatives. The Events segment provides IT, supply chain, and business professionals the opportunity to attend various symposia, conferences, and exhibitions to learn, contribute, and network with their peers. This segment focuses on specific topics, technologies, and industries providing IT professionals with the insight, solutions, and networking opportunities, as well as offers targeted events for CIOs and IT executives. Gartner, Inc. was founded in 1979 and is headquartered in Stamford, Connecticut.

6,590 Employees
Last Reported Date: 11/6/14
Founded in 1979

gartner inc (IT) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $817.1K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $441.9K
Senior Vice President of Gartner Consulting
Total Annual Compensation: $391.2K
Senior Vice President
Total Annual Compensation: $391.2K
Executive Officer
Total Annual Compensation: $492.7K
Compensation as of Fiscal Year 2013.

gartner inc (IT) Key Developments

Gartner, Inc. Enters into Credit Agreement

On December 16, 2014, Gartner Inc. entered into a Credit Agreement among Gartner; the several lenders who are parties thereto from time to time; Wells Fargo Bank, National Association and Citizens Bank, N.A., as co-syndication agents; TD Bank, N.A., U.S. Bank National Association, Union Bank,N.A., SunTrust Banks Inc. and Bank of America, as co-documentation agents; and JPMorgan Chase Bank, N.A., as administrative agent. The Credit Agreement provides for a $400 million term loan and a $1.1 billion revolving credit facility. The term and revolving facilities may be increased, at Gartner's option and under certain conditions, by up to an additional $500 million in the aggregate. The term loan will be repaid in 16 consecutive quarterly installments commencing March 31, 2015, plus a final payment due on December 16, 2019, and may be prepaid at any time without penalty or premium (other than applicable breakage costs) at the option of Gartner. The revolving credit facility may be used for loans, and up to $40 million may be used for letters of credit. The revolving loans may be borrowed, repaid and re-borrowed until December 16, 2019, at which time all amounts borrowed must be repaid.

Gartner Inc. Presents at Barclays Capital Global Technology Conference, Dec-09-2014 01:20 PM

Gartner Inc. Presents at Barclays Capital Global Technology Conference, Dec-09-2014 01:20 PM. Venue: Palace Hotel, 2 New Montgomery Street, San Francisco, California, United States. Speakers: Brian Shipman, Group Vice President of Investor Relations, Craig Safian, Chief Financial Officer and Senior Vice President.

Gartner Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014; Revised Earnings Guidance for the Year Ending December 31, 2014

Gartner Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's total revenues were $470,940,000 compared to $410,705,000 a year ago. Revenues increased 14% excluding the impact of foreign exchange. Operating income was $49,391,000 compared to $58,743,000 a year ago. Income before income taxes was $46,448,000 compared to $56,624,000 a year ago. Net income was $33,846,000 or $0.38 per diluted share compared to $38,194,000 or $0.40 per diluted share a year ago. Normalized EBITDA was $74,701,000 compared to $74,933,000 a year ago. Diluted earnings after tax excluding acquisition adjustments was $39,328,000 or $0.44 per share compared to $39,099,000 or $0.41 per share a year ago. For the nine months, the company's total revenue was $1,437,462,000 compared to $1,263,506,000 a year ago. The impact of foreign exchange was not significant. Operating income was $190,322,000 compared to $186,735,000 a year ago. Income before income taxes was $182,395,000 compared to $179,967,000 a year ago. Net income was $124,622,000 or $1.37 per diluted share compared to $121,383,000 or $1.28 per diluted share a year ago. Normalized EBITDA was $264,763,000 compared to $239,906,000 a year ago. Diluted earnings after tax excluding acquisition adjustments was $138,926,000 or $1.52 per share compared to $124,350,000 or $1.31 per share a year ago. The company generated operating cash flow of $275.6 million compared to $242.1 million in the same period of 2013, a 14% increase. Additions to property, equipment and leasehold improvements ('capital expenditures') were $25.5 million in the nine months ended September 30, 2014. The company revised earnings guidance for the year ending December 31, 2014. The company increased the top end of its total revenue guidance by $25 million and the bottom end by $45 million. This range represents 12% to 14% total revenue growth against 2013. The company expects total revenue to be in the range of $2,005 million to $2,030 million, GAAP diluted earnings per share to be in the range of $2.05 to $2.14, diluted earnings per share excluding acquisition adjustments to be in the range of $2.26 to $2.35, normalized EBITDA to be in the range of $385 million to $400 million, operating cash flow to be in the range of $341 million to $358 million, capital expenditures to be in the range of $36 million to $38 million and free cash flow to be in the range of $305 million to $320 million. Given the strength and demand across all of businesses, the company is also raising earnings guidance. Specifically, for normalized EBITDA at 2014, it is raising the bottom end of its guidance by $10 million. The company also expects free cash flow to be higher by $5 million on the lower end. For adjusted EPS in 2014, it has raised the bottom end of guidance by $0.08 per share. This yields 15% to 19% year-over-year growth. GAAP EPS is approximately $0.21 lower than normalized EPS for the full year, due to acquisition-related charges. Given the increased full year EPS guidance, the implied range for fourth quarter guidance for normalized EPS is now $0.74 to $0.83 per share.

 

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Industry Analysis

IT

Industry Average

Valuation IT Industry Range
Price/Earnings 42.2x
Price/Sales 3.9x
Price/Book 49.3x
Price/Cash Flow 33.6x
TEV/Sales 3.5x
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