Gartner raises annual forecasts on steady demand in key research unit

Reuters11-05 20:31

(Reuters) - Research and advisory firm Gartner raised its full-year forecasts for revenue and profit on Tuesday, banking on its ability to retain clients as enterprise spending, especially in the core...

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Contract value in the third quarter grew 7.3% over the same period a year earlier. \n The Stamford, Connecticut-based company now expects its 2024 revenue to be at least $6.23 billion, compared with its previous forecast of at least $6.20 billion. \n It also expects its full-year adjusted profit to be at least $11.75 per share, versus the $11.05 per share projected earlier. \n Revenue at the company's mainstay research segment, which accounts for more than half of its total revenue, was up about 5.1% at $1.29 billion in the third quarter. \n Its conferences business posted a 32.5% rise in revenue, while the consulting segment saw a 3.9% fall. \n Gartner's total quarterly revenue was at $1.48 billion, up 5.4% from a year ago. \n Adjusted profit was at $2.50 per share, beating analysts' estimate of $2.39, according to data compiled by LSEG. \n (Reporting by Rishi Kant in Bengaluru; Editing by Shilpi Majumdar)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481508424"}