NEWS5 August 2013

Gartner sees research growth as revenues rise

Financials North America

US — Research and analysis group Gartner saw its research segment grow by 12% in Q2 of 2013 compared with the same period in 2012 according to its latest figures.

Revenue for the second quarter was $311.2m compared with $278.3m in 2012 while the gross contribution margin was 96% for the period compared to 68% in 2012.

Contract value was $1.29bn at 230 June 2013, up 13% on 30 June 2012 while client and wallet retention were 82% and 97% for the second quarter of 2013, compared to 83% and 99% for the prior year quarter, respectively.

Gartner’s total revenue for the second quarter was $446m, an increase of 12% while net income was $46.5m, again an increase of 12%.

Gartner’s chief executive Gene Hall said: “Despite a mixed economic environment, we continue to see robust demand for our services across all three segments, which illustrates both the value we provide to out clients and the market opportunity for our services.”