NEWS6 August 2014

Gartner revenue up 17% in second-quarter

US — IT research and analysis company Gartner has reported an increase in revenue of 17% from Q2 2013 to Q2 2014.

Its total revenue for the second quarter of 2014 was $519.8m, $358.5m of which came from its research division. The gross contribution margin for research was 69% for Q2 in both 2013 and 2014.

Net income for the whole business was $53m, an increase of 14% compared to Q2 2013.

“We continued our trend of consistent, double-digit growth in revenue, contract value, normalized EBITDA and EPS,” said Gene Hall, CEO. “Our recent acquisitions and our accelerated pace of share repurchase activity demonstrates our confidence and optimism in our tremendous market opportunity and growth potential over the long term.”

Full results can be found here.