Gartner -4.8% post Q4 results

|About: Gartner Inc. (IT)|By:, SA News Editor

Gartner (IT -4.8%Q4 revenue rose 6.9% Y/Y to $1.09B, if the impact of the foreign exchange is backed out.

Segment revenue: Research: $796M (+9.5%); Consulting: $96M (+12.9%); Conferences: $196M (+16%).

Global Technology Sales Contract Value was up 14% to $2.6B & Global Business Sales Contract Value up 1% to $0.6B.

Operating cash flow was $45M & free cash flow of $7M.

The Company repurchased 1.1M common shares for $156M.

Also, paid down $1B of debt during the year.

FY2019 Guidance: Total revenue: $4.22-4.32B; Net income $238-272M; GAAP EPS: $2.65-3.03; Adjusted EPS of $3.82-4.19; Adjusted EBITDA $750-765M; Operating cash flow: $542-582M & FCF $455-485M.

Previously: Gartner misses by $0.05, misses on revenue (Feb. 5)

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