Financial Data and Key Metrics Changes - In Q1 2025, contract value grew by 7% year-over-year, with revenue of $1.5 billion, up 4% year-over-year and 6% FX neutral [6][22][23] - Adjusted EBITDA was $385 million, up 1% as reported and 3% FX neutral compared to Q1 2024 [24][35] - Adjusted EPS was $2.98, an increase of 2% from the previous year, with free cash flow reaching $288 million, up 73% year-over-year [24][38] Business Line Data and Key Metrics Changes - Research segment contract value grew by 7%, with subscription revenue increasing by 8% FX neutral [7][24] - Global Technology Sales (GTS) contract value increased by 6%, while Global Business Sales (GBS) saw an 11% rise [8][30] - Consulting revenue grew by 5% FX neutral, with contract optimization revenue up 38% [10][33] Market Data and Key Metrics Changes - The US Federal Government represented approximately 4% of total contract value, with a challenging renewal environment expected in 2025 [18][19] - Contract value growth was broad-based across various sectors, with high single-digit growth in energy, healthcare, and manufacturing [26] - Canada faced a more challenging selling environment, while the majority of top 10 countries experienced double-digit or high single-digit growth [27] Company Strategy and Development Direction - The company aims for sustained double-digit growth by targeting investments and maintaining disciplined cost management [6][17] - Continuous improvement and innovation are core elements of the strategy, with plans to grow sales headcount in the mid-single digits [16][46] - The company is focused on providing value in areas like AI, cybersecurity, and cost optimization, which are critical for clients [13][68] Management's Comments on Operating Environment and Future Outlook - Management noted a high level of macroeconomic uncertainty affecting decision-making processes, particularly in the federal sector [12][77] - The company expects to reaccelerate contract value growth to 12% to 16% when the macroeconomic environment stabilizes [17][49] - The updated guidance reflects a cautious outlook, incorporating recent performance and macroeconomic trends [40][43] Other Important Information - The company repurchased $163 million of stock in Q1, maintaining a strong balance sheet with $2.1 billion in cash [20][39] - The expected free cash flow for 2025 is at least $1.145 billion, reflecting a conversion from GAAP net income of 137% [48][90] - The company plans to maintain a disciplined approach to capital allocation, focusing on share repurchases and strategic acquisitions [89][90] Q&A Session Summary Question: What percentage of the contract value base are you following in directly impacted areas? - Management indicated that the largest impacted area is the US Federal Government, with plans to control headcount carefully in that sector while growing in non-impacted areas [53][55] Question: Can you elaborate on the guidance and how it reflects recent trends? - The guidance incorporates Q1 performance and reflects a more cautious outlook due to changes in the selling environment, particularly in March [64][71] Question: How are you managing the cost structure in light of lower revenue expectations? - The company is taking a prudent approach to managing operating expenses while ensuring investments in growth areas continue [79][110] Question: What is the outlook for federal contract renewals? - The largest renewals are expected in Q3, with nearly half of the dollar retention modeled forward from Q1 [106][108] Question: How is the company leveraging AI for client interactions? - The company is piloting an AI application internally and plans to roll it out to clients once it is fully tested and reliable [99][100]

Financial Data and Key Metrics Changes - In Q1 2025, contract value grew by 7% year-over-year, with revenue at $1.5 billion, up 4% year-over-year and 6% FX neutral [21][22][23] - Adjusted EBITDA was $385 million, up 1% as reported and 3% FX neutral compared to Q1 2024 [23][33] - Adjusted EPS increased to $2.98, a 2% rise from the previous year, with free cash flow reaching $288 million, up 73% year-over-year [36][45] Business Line Data and Key Metrics Changes - Research segment contract value grew by 7%, with subscription revenue increasing by 8% FX neutral [6][23] - Global Technology Sales (GTS) contract value rose by 6%, while Global Business Sales (GBS) saw an 11% increase [7][28] - Consulting revenue grew by 5%, with contract optimization revenue significantly up by 38% [9][31] Market Data and Key Metrics Changes - The US Federal Government represented approximately 4% of total contract value, with a challenging renewal environment impacting results [17][26] - Contract value growth was broad-based across various sectors, with high single-digit growth in energy, healthcare, and manufacturing [25] - Canada faced a more challenging selling environment, impacting overall performance [26] Company Strategy and Development Direction - The company aims for sustained double-digit growth, focusing on agility and targeted investments [5][16] - Continuous improvement and innovation are core elements of the strategy, with plans to grow sales headcount in the mid-single digits [15][44] - The company is committed to disciplined cost management while investing for future growth and returning capital to shareholders through share repurchase programs [10][20] Management's Comments on Operating Environment and Future Outlook - Management highlighted the high level of macroeconomic uncertainty affecting decision-making processes [11][12] - The company expects to reaccelerate contract value growth to 12% to 16% when the macroeconomic environment stabilizes [16][48] - The updated guidance reflects a cautious outlook, incorporating recent performance and macroeconomic trends [41][46] Other Important Information - The company repurchased $163 million of stock in Q1, maintaining a strong liquidity position with $2.1 billion in cash [38][37] - The expected free cash flow for 2025 is at least $1.145 billion, reflecting a conversion from GAAP net income of 137% [46][91] Q&A Session Summary Question: What percentage of the contract value base is impacted by directly affected areas? - The primary impacted area is the US Federal Government, with plans to control headcount carefully in that segment while growing in non-impacted areas [51][53] Question: What is the revenue recognition treatment for early cancellations among US federal contracts? - Approximately $30 million worth of termination notices have been received, which remains in contract value as revenue continues to be recognized [59][61] Question: Can you elaborate on the guidance changes and the impact of federal contract renewals? - The guidance reflects a combination of Q1 performance, federal contract insights, and macroeconomic conditions, with federal government impacts being the most significant [71][72] Question: How is the selling environment outside of federal government? - The selling environment is not uniform, with some companies experiencing slower decision-making due to tariffs, while others continue business as usual [78] Question: What is the company's approach to capital allocation and share buybacks? - The company remains committed to a disciplined approach to share repurchases, balancing between buybacks and strategic acquisitions [90][92]

First Quarter 2025 Financial Highlights - Global Contract Value (CV) increased by 6.7% to $5.1 billion[10] - Consolidated Revenues grew by 4.2% to $1.534 billion, or 5.7% on an FX Neutral basis, with a 69.0% Contribution Margin[10] - Research Revenues increased by 4.2% to $1.322 billion, or 5.8% on an FX Neutral basis, achieving a 74.5% Contribution Margin[10] - Adjusted EBITDA rose by 0.7% to $385 million, or 2.9% on an FX Neutral basis, resulting in a 25.1% Adjusted EBITDA Margin[10] - Adjusted EPS increased by 1.7% to $2.98[10] - Free Cash Flow reached $288 million[10] Updated 2025 Financial Guidance - Consolidated Revenues are projected to be at least $6.535 billion[11] - Adjusted EBITDA is expected to be at least $1.535 billion[11] - Adjusted EPS is forecasted to be at least $11.70[11] - Free Cash Flow is anticipated to be at least $1.145 billion[11] Capital Allocation - Share repurchases amounted to $163 million in Q1 2025[10]

[PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [ITEM 1. FINANCIAL STATEMENTS (Unaudited)](index=3&type=section&id=ITEM%201.%20FINANCIAL%20STATEMENTS%20(Unaudited)) Gartner's unaudited condensed consolidated financial statements for Q1 2025 and 2024, covering balance sheets, operations, equity, cash flows, and notes [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets%20at%20March%2031%2C%202025%20and%20December%2031%2C%202024) Condensed Consolidated Balance Sheets (March 31, 2025 vs. December 31, 2024) | Item | March 31, 2025 (in thousands) | December 31, 2024 (in thousands) | Change (in thousands) | % Change | | :--------------------------------- | :----------------------------- | :------------------------------- | :-------------------- | :------- | | **Assets** | | | | | | Total current assets | $4,131,954 | $4,196,531 | $(64,577) | -1.54% | | Total Assets | $8,479,761 | $8,534,671 | $(54,910) | -0.64% | | **Liabilities and Stockholders' Equity** | | | | | | Total current liabilities | $3,791,695 | $3,969,016 | $(177,321) | -4.47% | | Total Liabilities | $6,981,907 | $7,175,502 | $(193,595) | -2.70% | | Total Stockholders' Equity | $1,497,854 | $1,359,169 | $138,685 | 10.20% | | Total Liabilities and Stockholders' Equity | $8,479,761 | $8,534,671 | $(54,910) | -0.64% | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20for%20the%20Three%20Months%20Ended%20March%2031%2C%202025%20and%202024) Condensed Consolidated Statements of Operations (Three Months Ended March 31, 2025 vs. 2024) | Item | March 31, 2025 (in thousands) | March 31, 2024 (in thousands) | Change (in thousands) | % Change | | :--------------------------------- | :----------------------------- | :------------------------------- | :-------------------- | :------- | | Total revenues | $1,534,130 | $1,472,926 | $61,204 | 4.16% | | Total costs and expenses | $1,256,098 | $1,199,041 | $57,057 | 4.76% | | Operating income | $278,032 | $273,885 | $4,147 | 1.51% | | Income before income taxes | $267,008 | $259,557 | $7,451 | 2.87% | | Provision for income taxes | $56,069 | $49,012 | $7,057 | 14.40% | | Net income | $210,939 | $210,545 | $394 | 0.19% | | Basic net income per share | $2.73 | $2.69 | $0.04 | 1.49% | | Diluted net income per share | $2.71 | $2.67 | $0.04 | 1.50% | [Condensed Consolidated Statements of Comprehensive Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income%20for%20the%20Three%20Months%20Ended%20March%2031%2C%202025%20and%202024) Condensed Consolidated Statements of Comprehensive Income (Three Months Ended March 31, 2025 vs. 2024) | Item | March 31, 2025 (in thousands) | March 31, 2024 (in thousands) | Change (in thousands) | % Change | | :--------------------------------- | :----------------------------- | :------------------------------- | :-------------------- | :------- | | Net income | $210,939 | $210,545 | $394 | 0.19% | | Other comprehensive income (loss), net of tax | $20,484 | $(6,055) | $26,539 | -438.30% | | Comprehensive income | $231,423 | $204,490 | $26,933 | 13.17% | [Condensed Consolidated Statements of Changes in Stockholders' Equity](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Changes%20in%20Stockholders%27%20Equity%20for%20the%20Three%20Months%20Ended%20March%2031%2C%202025%20and%202024) Changes in Stockholders' Equity (Three Months Ended March 31, 2025 vs. 2024) | Item | March 31, 2025 (in thousands) | March 31, 2024 (in thousands) | | :--------------------------------- | :----------------------------- | :------------------------------- | | Balance at December 31 | $1,359,169 | $680,634 | | Net income | $210,939 | $210,545 | | Other comprehensive income (loss) | $20,484 | $(6,055) | | Issuances under stock plans | $9,766 | $8,072 | | Common share repurchases | $(152,672) | $(225,522) | | Stock-based compensation expense | $50,168 | $50,500 | | Balance at March 31 | $1,497,854 | $718,174 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows%20for%20the%20Three%20Months%20Ended%20March%2031%2C%202025%20and%202024) Condensed Consolidated Statements of Cash Flows (Three Months Ended March 31, 2025 vs. 2024) | Item | March 31, 2025 (in thousands) | March 31, 2024 (in thousands) | Change (in thousands) | % Change | | :--------------------------------- | :----------------------------- | :------------------------------- | :-------------------- | :------- | | Cash provided by operating activities | $313,512 | $188,836 | $124,676 | 66.02% | | Cash used in investing activities | $(25,569) | $(24,660) | $(909) | 3.69% | | Cash used in financing activities | $(152,936) | $(219,681) | $66,745 | -30.38% | | Net increase (decrease) in cash and cash equivalents and restricted cash | $135,007 | $(55,505) | $190,512 | -343.24% | | Cash and cash equivalents, end of period | $2,091,048 | $1,236,401 | $854,647 | 69.12% | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) [Note 1 — Business and Basis of Presentation](index=8&type=section&id=Note%201%20%E2%80%94%20Business%20and%20Basis%20of%20Presentation) Gartner provides objective insight via Research, Conferences, and Consulting segments; interim financials follow U.S. GAAP, with recent ASUs impacting disclosures - Gartner, Inc. delivers actionable, objective insight through three business segments: Research, Conferences, and Consulting[19](index=19&type=chunk)[20](index=20&type=chunk) - The Company adopted ASU 2023-07 (Segment Reporting) effective with the 2024 10-K, which only impacted disclosures and had no impact on results of operations, cash flows, or financial condition[29](index=29&type=chunk) - New accounting standards ASU 2023-09 (Income Tax Disclosures) and ASU 2024-03 (Income Statement-Expense Disaggregation) are expected to impact disclosures but not the Company's results of operations, cash flows, or financial condition in future periods[31](index=31&type=chunk)[32](index=32&type=chunk) [Note 2 — Goodwill and Intangible Assets](index=9&type=section&id=Note%202%20%E2%80%94%20Goodwill%20and%20Intangible%20Assets) Goodwill, representing excess purchase price, showed no impairment in Q3 2024; finite-lived intangibles are amortized straight-line - The Company's most recent annual impairment test of goodwill, a qualitative analysis conducted in Q3 2024, indicated no impairment[36](index=36&type=chunk) Goodwill by Segment (March 31, 2025 vs. December 31, 2024) | Segment | December 31, 2024 (in thousands) | Foreign Currency Translation Impact (in thousands) | March 31, 2025 (in thousands) | | :-------- | :------------------------------- | :--------------------------------- | :---------------------------- | | Research | $2,650,981 | $2,447 | $2,653,428 | | Conferences | $183,920 | $38 | $183,958 | | Consulting | $95,304 | $432 | $95,736 | | Total | $2,930,205 | $2,917 | $2,933,122 | Finite-Lived Intangible Assets (March 31, 2025 vs. December 31, 2024) | Item | March 31, 2025 (in thousands) | December 31, 2024 (in thousands) | | :--------------------------------- | :----------------------------- | :------------------------------- | | Gross cost | $1,082,382 | $1,082,117 | | Accumulated amortization | $(690,578) | $(672,428) | | Balance | $391,804 | $409,689 | | Amortization expense (Q1 2025) | $21,900 | $23,000 (Q1 2024) | [Note 3 — Revenue and Related Matters](index=12&type=section&id=Note%203%20%E2%80%94%20Revenue%20and%20Related%20Matters) Revenue disaggregated by geography and timing, mostly Research recognized over time; **$6.1 billion** in unsatisfied obligations, **$2.9 billion** due in 2025 Disaggregated Revenue by Primary Geographic Market (Three Months Ended March 31, 2025 vs. 2024) | Geographic Market | March 31, 2025 (in thousands) | March 31, 2024 (in thousands) | % Change | | :------------------ | :----------------------------- | :------------------------------- | :------- | | United States and Canada | $993,829 | $961,850 | 3.32% | | Europe, Middle East and Africa | $363,145 | $334,473 | 8.57% | | Other International | $177,156 | $176,603 | 0.31% | | Total revenues | $1,534,130 | $1,472,926 | 4.16% | Disaggregated Revenue by Timing of Recognition (Three Months Ended March 31, 2025 vs. 2024) | Timing of Revenue Recognition | March 31, 2025 (in thousands) | March 31, 2024 (in thousands) | % Change | | :---------------------------- | :----------------------------- | :------------------------------- | :------- | | Transferred over time | $1,356,740 | $1,290,855 | 5.10% | | Transferred at a point in time | $177,390 | $182,071 | -2.57% | | Total revenues | $1,534,130 | $1,472,926 | 4.16% | - Aggregate amount of transaction price allocated to unsatisfied performance obligations (contracts > 1 year) as of March 31, 2025 was approximately **$6.1 billion**. The Company expects to recognize **$2.9 billion** of this revenue during the remainder of 2025[48](index=48&type=chunk) [Note 4 — Computation of Earnings Per Share](index=13&type=section&id=Note%204%20%E2%80%94%20Computation%20of%20Earnings%20Per%20Share) Basic and diluted EPS calculations show a slight increase for Q1 2025 compared to the prior year Earnings Per Share (Three Months Ended March 31, 2025 vs. 2024) | Item | March 31, 2025 | March 31, 2024 | Change | % Change | | :--------------------------------- | :------------- | :------------- | :----- | :------- | | Net income used for calculating basic and diluted income per share (in thousands) | $210,939 | $210,545 | $394 | 0.19% | | Weighted average common shares (basic, in thousands) | 77,357 | 78,339 | (982) | -1.25% | | Shares used in diluted income per share (in thousands) | 77,790 | 78,964 | (1,174) | -1.49% | | Basic income per share | $2.73 | $2.69 | $0.04 | 1.49% | | Diluted income per share | $2.71 | $2.67 | $0.04 | 1.50% | [Note 5 — Stock-Based Compensation](index=14&type=section&id=Note%205%20%E2%80%94%20Stock-Based%20Compensation) Stock-based compensation for Q1 2025 was **$50.2 million**, a slight decrease from Q1 2024, primarily driven by restricted stock units Stock-Based Compensation Expense by Award Type (Three Months Ended March 31, 2025 vs. 2024) | Award Type | March 31, 2025 (in millions) | March 31, 2024 (in millions) | | :----------------------- | :---------------------------- | :---------------------------- | | Stock appreciation rights | $3.4 | $4.6 | | Restricted stock units | $46.6 | $45.6 | | Common stock equivalents | $0.2 | $0.3 | | Total | $50.2 | $50.5 | Stock-Based Compensation Expense by Expense Category (Three Months Ended March 31, 2025 vs. 2024) | Expense Category | March 31, 2025 (in millions) | March 31, 2024 (in millions) | | :----------------------- | :---------------------------- | :---------------------------- | | Cost of services and product development | $20.6 | $19.5 | | Selling, general and administrative | $29.6 | $31.0 | | Total | $50.2 | $50.5 | [Note 6 — Segment Information](index=14&type=section&id=Note%206%20%E2%80%94%20Segment%20Information) Gartner operates Research, Conferences, and Consulting segments, with performance based on gross contribution margin; Q1 2025 revenues rose **4%** to **$1.53 billion** Segment Revenues and Gross Contribution (Three Months Ended March 31, 2025 vs. 2024) | Segment | March 31, 2025 Revenues (in thousands) | March 31, 2024 Revenues (in thousands) | % Change Revenues | March 31, 2025 Gross Contribution (in thousands) | March 31, 2024 Gross Contribution (in thousands) | % Change Gross Contribution | | :---------- | :------------------------------------ | :------------------------------------ | :---------------- | :------------------------------------------ | :------------------------------------------ | :-------------------------- | | Research | $1,321,827 | $1,268,172 | 4.23% | $984,523 | $944,570 | 4.23% | | Conferences | $72,597 | $70,069 | 3.61% | $27,382 | $23,255 | 17.75% | | Consulting | $139,706 | $134,685 | 3.73% | $53,392 | $54,287 | -1.65% | | Consolidated | $1,534,130 | $1,472,926 | 4.16% | $1,065,297 | $1,022,112 | 4.22% | - Research segment provides actionable, objective insight, guidance, and tools to executives. Conferences segment offers learning, sharing, and networking opportunities. Consulting segment serves senior executives with custom analysis and on-the-ground support for technology-driven strategic initiatives[64](index=64&type=chunk) [Note 7 — Debt](index=16&type=section&id=Note%207%20%E2%80%94%20Debt) Gartner's total outstanding debt was **$2.48 billion** as of March 31, 2025, primarily from a revolving facility and senior notes; a **$350 million** interest rate swap mitigates risk Total Outstanding Borrowings (March 31, 2025 vs. December 31, 2024) | Description | March 31, 2025 (in thousands) | December 31, 2024 (in thousands) | | :--------------------------------- | :----------------------------- | :------------------------------- | | 2024 Credit Agreement - Revolving facility | $274,400 | $274,400 | | 4.50% Senior Notes due 2028 | $800,000 | $800,000 | | 3.625% Senior Notes due 2029 | $600,000 | $600,000 | | 3.75% Senior Notes due 2030 | $800,000 | $800,000 | | Other | $5,000 | $5,000 | | Principal amount outstanding | $2,479,400 | $2,479,400 | | Net balance sheet carrying amount | $2,460,949 | $2,459,915 | - The Company had approximately **$0.7 billion** of available borrowing capacity on the 2024 Credit Agreement revolver as of March 31, 2025[67](index=67&type=chunk) - A fixed-for-floating interest rate swap contract with a notional value of **$350.0 million** matures in September 2025, effectively converting floating SOFR rates to a fixed base rate of **2.98%**[83](index=83&type=chunk) [Note 8 — Equity](index=18&type=section&id=Note%208%20%E2%80%94%20Equity) Gartner's share repurchase program has **$0.9 billion** remaining; **300,745 shares** were repurchased for **$162.7 million** in Q1 2025, with AOCL improving from foreign currency adjustments - As of March 31, 2025, **$0.9 billion** remained available under the Company's share repurchase program[85](index=85&type=chunk) Share Repurchase Activity (Three Months Ended March 31, 2025 vs. 2024) | Item | March 31, 2025 | March 31, 2024 | | :--------------------------------- | :------------- | :------------- | | Number of shares repurchased | 300,745 | 489,734 | | Cash paid for repurchased shares (in thousands) | $162,672 | $225,124 | | Average purchase price per share | $507.65 | $459.69 | Changes in Accumulated Other Comprehensive Loss (AOCL) (Three Months Ended March 31, 2025 vs. 2024) | Component | Balance – Dec 31, 2024 (in thousands) | Change in AOCL before reclassifications (in thousands) | Reclassifications to income (in thousands) | Balance – Mar 31, 2025 (in thousands) | | :--------------------------------- | :------------------------------------ | :------------------------------------- | :--------------------------------- | :------------------------------------ | | Interest Rate Swaps | $(9,800) | $0 | $3,390 | $(6,410) | | Defined Benefit Pension Plans | $(5,214) | $0 | $48 | $(5,166) | | Foreign Currency Translation Adjustments | $(73,319) | $17,046 | $0 | $(56,273) | | Total | $(88,333) | $17,046 | $3,438 | $(67,849) | [Note 9 — Income Taxes](index=19&type=section&id=Note%209%20%E2%80%94%20Income%20Taxes) Income tax provision rose to **$56.1 million** in Q1 2025 (from **$49.0 million**), with an effective rate of **21.0%** due to larger unrecognized tax benefits; OECD Pillar Two impact is not significant Income Tax Provision and Effective Rate (Three Months Ended March 31, 2025 vs. 2024) | Item | March 31, 2025 (in millions) | March 31, 2024 (in millions) | Change (in millions) | % Change | | :--------------------------------- | :---------------------------- | :---------------------------- | :------------------- | :------- | | Provision for income taxes | $56.1 | $49.0 | $7.1 | 14.49% | | Effective income tax rate | 21.0% | 18.9% | 2.1 pts | 11.11% | - The higher effective income tax rate in Q1 2025 is primarily due to larger unrecognized tax benefits compared to the prior year[94](index=94&type=chunk) - Gross unrecognized tax benefits were **$267.2 million** on March 31, 2025, up from **$257.5 million** on December 31, 2024[95](index=95&type=chunk) [Note 10 — Derivatives and Hedging](index=20&type=section&id=Note%2010%20%E2%80%94%20Derivatives%20and%20Hedging) Gartner uses derivatives, including a **$350.0 million** interest rate swap and **$142.7 million** in foreign currency forwards, to mitigate cash flow risks; the interest rate swap is de-designated for hedge accounting Outstanding Derivative Contracts (March 31, 2025 vs. December 31, 2024) | Derivative Contract Type | March 31, 2025 Notional Amounts (in thousands) | March 31, 2025 Fair Value Asset (Liability), Net (in thousands) | December 31, 2024 Notional Amounts (in thousands) | December 31, 2024 Fair Value Asset (Liability), Net (in thousands) | | :----------------------- | :-------------------------------------------- | :------------------------------------------------------- | :-------------------------------------------- | :------------------------------------------------------- | | Interest rate swap | $350,000 | $2,077 | $350,000 | $3,095 | | Foreign currency forwards | $142,676 | $(14) | $656,904 | $(16) | | Total | $492,676 | $2,063 | $1,006,904 | $3,079 | - Effective June 30, 2020, the Company de-designated all interest rate swaps and discontinued hedge accounting. Subsequent changes to fair value are recorded in Other income, net[99](index=99&type=chunk) Derivative Contract Impact on Statements of Operations (Three Months Ended March 31, 2025 vs. 2024) | Amount recorded in: | March 31, 2025 (in thousands) | March 31, 2024 (in thousands) | | :------------------ | :----------------------------- | :------------------------------- | | Interest expense, net | $4,464 | $4,806 | | Other income, net | $(596) | $(4,314) | | Total expense, net | $3,868 | $492 | [Note 11 — Fair Value Disclosures](index=21&type=section&id=Note%2011%20%E2%80%94%20Fair%20Value%20Disclosures) Financial instruments' carrying amounts approximate fair value; recurring measurements use Level 1 and 2 inputs, non-recurring for long-lived assets use Level 3 for impairment Fair Values of Financial Assets and Liabilities Measured on a Recurring Basis (March 31, 2025 vs. December 31, 2024) | Description | March 31, 2025 (in thousands) | December 31, 2024 (in thousands) | | :--------------------------------- | :----------------------------- | :------------------------------- | | **Assets:** | | | | Total Level 1 inputs (Deferred compensation plan assets) | $23,430 | $18,089 | | Total Level 2 inputs (Deferred compensation plan assets, FX forwards, Interest rate swap) | $134,703 | $133,617 | | Total Assets | $158,133 | $151,706 | | **Liabilities:** | | | | Total Level 2 inputs (Deferred compensation plan liabilities, FX forwards) | $150,077 | $150,432 | | Total Liabilities | $150,077 | $150,432 | Carrying Amounts and Fair Values of Financial Instruments Not Recorded at Fair Value (March 31, 2025 vs. December 31, 2024) | Description | March 31, 2025 Carrying Amount (in thousands) | December 31, 2024 Carrying Amount (in thousands) | March 31, 2025 Fair Value (in thousands) | December 31, 2024 Fair Value (in thousands) | | :--------------------------------- | :------------------------------------ | :------------------------------------ | :-------------------------------- | :-------------------------------- | | 2028 Notes | $795,607 | $795,296 | $786,648 | $780,544 | | 2029 Notes | $595,893 | $595,669 | $566,628 | $558,840 | | 2030 Notes | $794,319 | $794,089 | $740,152 | $732,200 | | Total | $2,185,819 | $2,185,054 | $2,093,428 | $2,071,584 | - The Company recorded an impairment loss of **$0.5 million** in Q1 2024 on right-of-use assets and other long-lived assets, primarily related to office leases no longer in use. Fair values were estimated using discounted cash flow models (Level 3 inputs)[109](index=109&type=chunk) [Note 12 — Contingencies](index=22&type=section&id=Note%2012%20%E2%80%94%20Contingencies) Gartner is involved in routine legal proceedings, with provisions recorded for probable and estimable unfavorable outcomes; potential liabilities beyond accrued amounts are not expected to be material - The Company believes that potential liability from legal proceedings, claims, and compliance matters, in excess of amounts already accrued, will not have a material effect on its financial position, cash flows, or results of operations[110](index=110&type=chunk) - Historically, payments made by the Company under indemnification agreements have not been material, and as of March 31, 2025, there were no material payment obligations[111](index=111&type=chunk) [Note 13 — Leases](index=23&type=section&id=Note%2013%20%E2%80%94%20Leases) Gartner's net lease cost for Q1 2025 was **$18.6 million**, down from Q1 2024; an impairment loss of **$0.5 million** was recognized in Q1 2024 due to office space changes Net Lease Cost and Related Information (Three Months Ended March 31, 2025 vs. 2024) | Description | March 31, 2025 (in thousands) | March 31, 2024 (in thousands) | | :--------------------------------- | :----------------------------- | :------------------------------- | | Operating lease cost | $24,348 | $25,903 | | Lease cost | $5,685 | $5,631 | | Sublease income | $(11,386) | $(11,882) | | Total lease cost, net | $18,647 | $19,652 | | Cash paid for operating lease liabilities | $28,657 | $34,049 | | Cash receipts from sublease arrangements | $11,144 | $11,110 | | Right-of-use assets obtained | $5,071 | $6,791 | - The Company recognized an impairment loss of **$0.5 million** during the three months ended March 31, 2024, related to right-of-use assets (**$0.4 million**) and other long-lived assets (**$0.1 million**), due to changes in office space utilization[119](index=119&type=chunk) [ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS](index=24&type=section&id=ITEM%202.%20MANAGEMENT%27S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management discusses Gartner's Q1 2025 financial condition, operations, and cash flows, highlighting **4%** revenue growth to **$1.5 billion**, stable net income, increased operating cash flow, and key developments - Gartner's strategy focuses on creating actionable insight, delivering innovative products, building strong sales capabilities, providing world-class client service, and continuously improving operational effectiveness[132](index=132&type=chunk) - US federal government Research contract value decreased from approximately **$275.0 million** at December 31, 2024, to **$225.0 million** at March 31, 2025, with less than half of eligible renewals retained and **$30.0 million** in termination-for-convenience notices[128](index=128&type=chunk) Key Financial Highlights (Three Months Ended March 31, 2025 vs. 2024) | Item | March 31, 2025 (in millions) | March 31, 2024 (in millions) | Change (in millions) | % Change | | :--------------------------------- | :---------------------------- | :---------------------------- | :------------------- | :------- | | Total revenues | $1,534.1 | $1,472.9 | $61.2 | 4.16% | | Net income | $210.9 | $210.5 | $0.4 | 0.19% | | Diluted net income per share | $2.71 | $2.67 | $0.04 | 1.50% | | Cash provided by operating activities | $313.5 | $188.8 | $124.7 | 66.02% | [FORWARD-LOOKING STATEMENTS](index=25&type=section&id=FORWARD-LOOKING%20STATEMENTS) Forward-looking statements are subject to risks from global economic and geopolitical conditions, strategic execution, competition, and AI developments; actual results may differ - Forward-looking statements are subject to risks including global economic and geopolitical conditions (inflation, recession, Middle East conflict, Ukraine war), strategic execution, ability to manage growth and acquisitions, debt obligations, customer retention, competition, intellectual property rights, AI technological developments and regulations, international operations (foreign currency fluctuations), and tax policy changes[124](index=124&type=chunk) [BUSINESS OVERVIEW](index=26&type=section&id=BUSINESS%20OVERVIEW) Gartner provides objective insight via Research, Conferences, and Consulting segments; employee count rose **4.0%** to **21,107**, but US federal government Research contract value declined - As of March 31, 2025, Gartner had **21,107** employees globally, an increase of **4.0%** from March 31, 2024[127](index=127&type=chunk) - Research contract value with the US federal government was approximately **$225.0 million** at March 31, 2025, down from **$275.0 million** at December 31, 2024. Less than half of eligible Q1 2025 renewals were retained, and **$30.0 million** in termination-for-convenience notices were received[128](index=128&type=chunk) [BUSINESS MEASUREMENTS](index=26&type=section&id=BUSINESS%20MEASUREMENTS) Gartner tracks segment performance using key metrics: Research (contract value, retention rates), Conferences (number of events, attendees), and Consulting (backlog, utilization rate) - Research segment performance is measured by Contract value (annualized value of subscription contracts), Client retention rate (percentage of clients retained year-over-year), and Wallet retention rate (contract value retained with clients over 12 months, excluding foreign currency impact)[131](index=131&type=chunk) - Conferences segment performance is measured by the Number of destination conferences and Number of destination conferences attendees[131](index=131&type=chunk) - Consulting segment performance is measured by Consulting backlog (future revenue from in-process engagements) and Utilization rate (productivity of consultants)[131](index=131&type=chunk) [EXECUTIVE SUMMARY OF OPERATIONS AND FINANCIAL POSITION](index=28&type=section&id=EXECUTIVE%20SUMMARY%20OF%20OPERATIONS%20AND%20FINANCIAL%20POSITION) Gartner's Q1 2025 revenues rose **4%** to **$1.5 billion**, net income was **$210.9 million**, diluted EPS **$2.71**, and operating cash flow increased to **$0.3 billion**, maintaining strong liquidity - Total revenues for Q1 2025 were **$1.5 billion**, a **4%** increase compared to Q1 2024, with Research, Conferences, and Consulting each increasing by **4%**[133](index=133&type=chunk) - Net income for Q1 2025 was **$210.9 million** (Q1 2024: **$210.5 million**), and diluted net income per share was **$2.71** (Q1 2024: **$2.67**)[134](index=134&type=chunk) - Cash provided by operating activities was **$0.3 billion** in Q1 2025, up from **$0.2 billion** in Q1 2024. The Company had **$2.1 billion** in cash and cash equivalents and approximately **$0.7 billion** in available borrowing capacity[134](index=134&type=chunk) [CRITICAL ACCOUNTING POLICIES AND ESTIMATES](index=28&type=section&id=CRITICAL%20ACCOUNTING%20POLICIES%20AND%20ESTIMATES) No material changes occurred to critical accounting policies and estimates since the Company's 2024 Annual Report on Form 10-K - No material changes to critical accounting policies and estimates since the 2024 Form 10-K[135](index=135&type=chunk) [RECENTLY ISSUED ACCOUNTING STANDARDS](index=28&type=section&id=RECENTLY%20ISSUED%20ACCOUNTING%20STANDARDS) Information on recently issued accounting standards not yet effective is detailed in Note 1 — Business and Basis of Presentation - Details on recently issued accounting standards not yet effective are provided in Note 1 — Business and Basis of Presentation[136](index=136&type=chunk) [RESULTS OF OPERATIONS](index=29&type=section&id=RESULTS%20OF%20OPERATIONS) Total revenues increased **4%** (**6%** foreign currency neutral) in Q1 2025; operating income rose **2%**, interest expense decreased **30%**, and the effective tax rate increased to **21.0%** Consolidated Results of Operations (Three Months Ended March 31, 2025 vs. 2024) | Item | March 31, 2025 (in thousands) | March 31, 2024 (in thousands) | Increase (Decrease) (in thousands) | % Increase (Decrease) | | :--------------------------------- | :----------------------------- | :------------------------------- | :--------------------------------- | :-------------------- | | Total revenues | $1,534,130 | $1,472,926 | $61,204 | 4% | | Cost of services and product development | $475,030 | $459,441 | $15,589 | 3% | | Selling, general and administrative | $730,308 | $689,833 | $40,475 | 6% | | Depreciation | $28,866 | $26,317 | $2,549 | 10% | | Amortization of intangibles | $21,894 | $22,990 | $(1,096) | (5)% | | Acquisition and integration charges | $0 | $460 | $(460) | (100)% | | Operating income | $278,032 | $273,885 | $4,147 | 2% | | Interest expense, net | $(13,413) | $(19,219) | $(5,806) | (30)% | | Other income, net | $2,389 | $4,891 | $(2,502) | (51)% | | Provision for income taxes | $56,069 | $49,012 | $7,057 | 14% | | Net income | $210,939 | $210,545 | $394 | —% | - Total revenues increased by **4%** on a reported basis and **6%** excluding foreign currency impact[139](index=139&type=chunk) - Selling, general and administrative (SG&A) expense increased by **6%** (**7%** foreign currency neutral), primarily due to a **$40.8 million** increase in personnel expenses from increased headcount. Quota-bearing sales associates increased by **4%** combined[141](index=141&type=chunk) [SEGMENT RESULTS](index=30&type=section&id=SEGMENT%20RESULTS) Research revenues rose **4%** (**6%** FC neutral) with **7%** contract value growth; Conferences grew **4%** (**5%** FC neutral) from exhibitor revenue; Consulting revenues increased **4%** (**5%** FC neutral) from contract optimization, but gross contribution margin decreased - Segment performance is evaluated based on gross contribution margin, defined as operating income or loss excluding certain Cost of services and product development expenses, SG&A expenses, Depreciation, Amortization of intangibles, Acquisition and integration charges and Gain from sale of divested operation[149](index=149&type=chunk) [Research](index=31&type=section&id=Research) Research Segment Performance (Three Months Ended March 31, 2025 vs. 2024) | Item | March 31, 2025 | March 31, 2024 | Increase (Decrease) | % Increase (Decrease) | | :--------------------------------- | :------------- | :------------- | :------------------ | :-------------------- | | Revenues (in thousands) | $1,321,827 | $1,268,172 | $53,655 | 4% | | Gross contribution (in thousands) | $984,523 | $944,570 | $39,953 | 4% | | Gross contribution margin | 74% | 74% | — | — | | Contract Value (in thousands, FC neutral) | $5,051,000 | $4,732,000 | $319,000 | 7% | | Global Technology Sales (GTS) Contract value (in thousands, FC neutral) | $3,853,000 | $3,650,000 | $203,000 | 6% | | GTS Client retention | 84% | 83% | 1 point | — | | GTS Wallet retention | 101% | 101% | — | — | | Global Business Sales (GBS) Contract value (in thousands, FC neutral) | $1,198,000 | $1,082,000 | $116,000 | 11% | | GBS Client retention | 87% | 87% | — | — | | GBS Wallet retention | 105% | 107% | (2) points | — | - Research revenues increased by **4%** (**6%** excluding foreign currency impact) primarily due to contract value growth in 2024[153](index=153&type=chunk) - Contract value increased to **$5.1 billion** (**7%** year-over-year, foreign currency neutral), with high single-digit growth in most industry sectors, led by energy, manufacturing, and healthcare. Public sector lagged in low single digits[154](index=154&type=chunk) [Conferences](index=32&type=section&id=Conferences) Conferences Segment Performance (Three Months Ended March 31, 2025 vs. 2024) | Item | March 31, 2025 | March 31, 2024 | Increase (Decrease) | % Increase (Decrease) | | :--------------------------------- | :------------- | :------------- | :------------------ | :-------------------- | | Revenues (in thousands) | $72,597 | $70,069 | $2,528 | 4% | | Gross contribution (in thousands) | $27,382 | $23,255 | $4,127 | 18% | | Gross contribution margin | 38% | 33% | 5 points | — | | Number of destination conferences | 10 | 12 | (2) | (17)% | | Number of destination conferences attendees | 11,911 | 13,857 | (1,946) | (14)% | - Conferences revenues increased by **4%** (**5%** excluding foreign currency impact) primarily due to increased exhibitor revenue, despite holding fewer in-person destination conferences (**10** in Q1 2025 vs. **12** in Q1 2024)[159](index=159&type=chunk) - Gross contribution increased by **18%** due to higher revenues and a decrease in conference-related expenses, as two destination conferences moved from Q1 to Q2 2025[159](index=159&type=chunk) [Consulting](index=33&type=section&id=Consulting) Consulting Segment Performance (Three Months Ended March 31, 2025 vs. 2024) | Item | March 31, 2025 | March 31, 2024 | Increase (Decrease) | % Increase (Decrease) | | :--------------------------------- | :------------- | :------------- | :------------------ | :-------------------- | | Revenues (in thousands) | $139,706 | $134,685 | $5,021 | 4% | | Gross contribution (in thousands) | $53,392 | $54,287 | $(895) | (2)% | | Gross contribution margin | 38% | 40% | (2) points | — | | Backlog (in thousands, FC neutral) | $213,500 | $183,700 | $29,800 | 16% | | Billable headcount | 968 | 948 | 20 | 2% | | Consultant utilization | 64% | 66% | (2) points | — | - Consulting revenues increased by **4%** (**5%** excluding foreign currency impact), driven by a **36%** increase in contract optimization revenue, partially offset by a **4%** decrease in labor-based consulting revenue[163](index=163&type=chunk) - Gross contribution margin decreased by **2 points** to **38%**, primarily due to an increase in personnel expenses from higher headcount[163](index=163&type=chunk) - Backlog increased by **$29.8 million**, or **16%**, from March 31, 2024, to March 31, 2025, excluding foreign currency impact[164](index=164&type=chunk) [LIQUIDITY AND CAPITAL RESOURCES](index=34&type=section&id=LIQUIDITY%20AND%20CAPITAL%20RESOURCES) Gartner maintains strong liquidity with **$2.1 billion** in cash and **$0.7 billion** in available credit; operating cash flow increased significantly by **$124.7 million** to **$313.5 million** due to improved collections - As of March 31, 2025, the Company had **$2.1 billion** of cash and cash equivalents and approximately **$0.7 billion** of available borrowing capacity on its revolving credit facility[166](index=166&type=chunk) Changes in Cash Balances (Three Months Ended March 31, 2025 vs. 2024) | Item | March 31, 2025 (in thousands) | March 31, 2024 (in thousands) | Increase (Decrease) (in thousands) | | :--------------------------------- | :----------------------------- | :------------------------------- | :--------------------------------- | | Cash provided by operating activities | $313,512 | $188,836 | $124,676 | | Cash used in investing activities | $(25,569) | $(24,660) | $(909) | | Cash used in financing activities | $(152,936) | $(219,681) | $66,745 | | Net increase (decrease) in cash and cash equivalents and restricted cash | $135,007 | $(55,505) | $190,512 | | Ending cash and cash equivalents | $2,091,048 | $1,236,401 | $854,647 | - Cash provided by operating activities increased by **$124.7 million** year-over-year, primarily due to improved timing of collections[172](index=172&type=chunk) - Cash used in financing activities included **$162.7 million** for share repurchases in Q1 2025 (vs. **$225.1 million** in Q1 2024)[174](index=174&type=chunk) [OFF BALANCE SHEET ARRANGEMENTS](index=35&type=section&id=OFF%20BALANCE%20SHEET%20ARRANGEMENTS) No material off-balance sheet arrangements or transactions with unconsolidated entities were entered into during Q1 2025 - No material off-balance sheet arrangements or transactions with unconsolidated entities or other persons were entered into during Q1 2025[177](index=177&type=chunk) [ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK](index=35&type=section&id=ITEM%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) Gartner faces interest rate, foreign currency, and credit risks; interest rate risk is mitigated by swaps, foreign currency risk by forwards, and credit risk is limited by investment-grade counterparties and diverse customers - Approximately **$274.4 million** of the Company's total debt outstanding as of March 31, 2025, was based on a floating base rate of interest, with an interest rate swap contract effectively converting these to fixed rates[179](index=179&type=chunk) - A **10%** change in foreign currency exchange rates could increase or decrease cash and cash equivalents by approximately **$79.9 million** as of March 31, 2025[181](index=181&type=chunk) - Credit risk is limited due to the majority of cash, cash equivalents, interest rate swap contracts, and foreign currency forward exchange contracts being with large investment-grade commercial banks, and a diverse customer base for fees receivable[183](index=183&type=chunk) [INTEREST RATE RISK](index=36&type=section&id=INTEREST%20RATE%20RISK) - As of March 31, 2025, Gartner had **$2.5 billion** in total debt principal outstanding, with **$274.4 million** based on a floating interest rate[178](index=178&type=chunk)[179](index=179&type=chunk) - The Company uses an interest rate swap contract to effectively convert floating interest rates on variable rate borrowings to fixed rates, reducing exposure to interest rate increases[179](index=179&type=chunk) [FOREIGN CURRENCY RISK](index=36&type=section&id=FOREIGN%20CURRENCY%20RISK) - Gartner is exposed to foreign currency translation and transaction risk due to significant revenues from sales outside the U.S. in major currencies like the Euro, British Pound, Japanese Yen, Australian dollar, and Canadian dollar[180](index=180&type=chunk) - A **10%** fluctuation in foreign currency exchange rates could impact the reported cash and cash equivalents by approximately **$79.9 million**[181](index=181&type=chunk) - Short-term foreign currency forward exchange contracts are used to mitigate cash flow risk from changes in foreign currency rates on forecasted transactions[182](index=182&type=chunk) [CREDIT RISK](index=36&type=section&id=CREDIT%20RISK) - Concentration of credit risk is primarily in cash equivalents, fees receivable, interest rate swap contracts, and foreign currency forward exchange contracts[183](index=183&type=chunk) - The majority of these financial instruments are held with large investment-grade commercial banks, and fees receivable have limited concentration due to a diverse customer base[183](index=183&type=chunk) [ITEM 4. CONTROLS AND PROCEDURES](index=36&type=section&id=ITEM%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded Gartner's disclosure controls and procedures were effective as of March 31, 2025, with no material changes to internal control over financial reporting identified during the quarter - As of March 31, 2025, the Company's disclosure controls and procedures were effective[185](index=185&type=chunk) - No material changes in internal control over financial reporting occurred during the quarter ended March 31, 2025[186](index=186&type=chunk) [PART II. OTHER INFORMATION](index=37&type=section&id=PART%20II.%20OTHER%20INFORMATION) [ITEM 1. LEGAL PROCEEDINGS](index=37&type=section&id=ITEM%201.%20LEGAL%20PROCEEDINGS) Gartner is involved in ordinary legal proceedings, and potential liabilities beyond accrued amounts are not expected to materially affect its financial position or results - The Company believes that potential liability from legal proceedings, claims, and litigation, in excess of amounts already accrued, will not have a material effect on its financial position, cash flows, or results of operations[188](index=188&type=chunk) [ITEM 1A. RISK FACTORS](index=38&type=section&id=ITEM%201A.%20RISK%20FACTORS) No material changes occurred to the risk factors disclosed in the Company's 2024 Annual Report on Form 10-K - No material changes to the risk factors disclosed in the 2024 Form 10-K[189](index=189&type=chunk) [ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS](index=38&type=section&id=ITEM%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) No unregistered equity sales occurred; **300,745 shares** were repurchased for **$162.7 million** in Q1 2025, with **$873.9 million** remaining under the repurchase program - No unregistered sales of equity securities occurred during the period[190](index=190&type=chunk) Issuer Purchases of Equity Securities (Three Months Ended March 31, 2025) | Period | Total Number of Shares Purchased () | Average Price Paid Per Share ($) | Total Number of Shares Purchased Under Announced Programs () | Maximum Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (in thousands) | | :--------------------------------- | :----------------------------------- | :------------------------------- | :---------------------------------------------------------- | :---------------------------------------------------------------------------------------------------------- | | January 1, 2025 to January 31, 2025 | 163,247 | $490.13 | 163,201 | $873,855 | | February 1, 2025 to February 28, 2025 | 137,229 | $528.54 | — | $873,855 | | March 1, 2025 to March 31, 2025 | 269 | $477.73 | — | $873,855 | | Total for the quarter | 300,745 | $507.65 | 163,201 | | [ITEM 5. OTHER INFORMATION](index=38&type=section&id=ITEM%205.%20OTHER%20INFORMATION) No director or Section 16 officer adopted or terminated a Rule 10b5-1(c) or non-Rule 10b5–1 trading arrangement during Q1 2025 - No director or Section 16 officer adopted or terminated a Rule 10b5-1(c) or non-Rule 10b5–1 trading arrangement during Q1 2025[193](index=193&type=chunk) [ITEM 6. EXHIBITS](index=38&type=section&id=ITEM%206.%20EXHIBITS) This section lists the exhibits filed with the Form 10-Q, including the Restated Certificate of Incorporation, By-laws, CEO and CFO certifications, and Inline XBRL documents - Exhibits include the Restated Certificate of Incorporation, By-laws, CEO and CFO certifications (Rule 13a-14(a)/15d-14(a) and 18 U.S.C. 1350), and Inline XBRL documents[198](index=198&type=chunk)

Financial Performance - Contract value reached $5.1 billion, representing a 6.7% year-over-year growth on a foreign exchange neutral basis[1] - Revenues for Q1 2025 were $1.534 billion, an increase of 4.2% as reported and 5.7% FX neutral compared to Q1 2024[6] - Net income for the quarter was $211 million, reflecting a 0.2% increase year-over-year[6] - Adjusted EBITDA was $385 million, up 0.7% as reported and 2.9% FX neutral[6] - Operating cash flow increased significantly by 66.0% to $314 million[6] - Free cash flow rose by 73.3% to $288 million[6] - Total revenues for the three months ended March 31, 2025, were $1,534.1 million, an increase of 4.2% from $1,472.9 million in 2024[28] - Net income for Q1 2025 was $210.9 million, slightly up from $210.5 million in Q1 2024, indicating a stable performance[28] - Adjusted EPS for Q1 2025 was $2.71 based on 77.8 million diluted shares, compared to $2.67 based on 79.0 million diluted shares in Q1 2024[28] - Operating income for the three months ended March 31, 2025, was $278.0 million, compared to $273.9 million in the same period last year, showing a modest increase[28] Revenue Segments - Research segment revenues were $1.322 billion, a 4.2% increase, while consulting revenues were $140 million, up 3.7%[7] - Research revenues increased to $1,321.8 million, up from $1,268.2 million, reflecting a growth of 4.2% year-over-year[28] Cost Management - The company is managing costs effectively while investing for future growth, aiming to enhance adjusted EBITDA margin beyond initial guidance[4] - Total costs and expenses rose to $1,256.1 million in Q1 2025, up from $1,199.0 million in Q1 2024, reflecting an increase of 4.8%[28] - The provision for income taxes increased to $56.1 million in Q1 2025 from $49.0 million in Q1 2024, indicating a higher tax burden[28] - The blended effective tax rates on adjustments were approximately 25.8% for Q1 2025, compared to 25.3% for Q1 2024[26] - Interest expense, net decreased to $(13.4) million in Q1 2025 from $(19.2) million in Q1 2024, indicating improved interest management[28] - The company reported no acquisition and integration charges in Q1 2025, down from $0.5 million in Q1 2024, reflecting a focus on organic growth[28] Contract Value Growth - Global Technology Sales Contract Value was $3.9 billion, growing 5.5% year-over-year FX neutral[11] - Global Business Sales Contract Value reached $1.2 billion, marking a 10.8% year-over-year growth FX neutral[11]

Core Viewpoint - Gartner Inc. is set to release its first-quarter 2025 results on May 6, with a history of exceeding earnings estimates, averaging a surprise of 23.5% over the past four quarters [1]. Group 1: Revenue Expectations - The Zacks Consensus Estimate for Gartner's total revenue is $1.5 billion, reflecting a 4.2% increase from the same quarter last year [2]. - Research segment revenues are expected to reach $1.3 billion, indicating a year-over-year growth of 4.6%, driven by increased Global Technology Sales contract value and improved contract value from tech vendor clients [3]. Group 2: Segment Performance - Consulting revenues are estimated at $113.1 million, suggesting a decline of 16.1% compared to the previous year [4]. - Conference revenues are projected at $92.8 million, also indicating a 16.1% year-over-year decline [4]. Group 3: Earnings Projections - The consensus estimate for earnings per share (EPS) is $2.72, representing a year-over-year decline of 7.2%, attributed to rising operating expenses [4]. - Gartner currently has an Earnings ESP of -0.40% and a Zacks Rank of 4 (Sell), indicating a lower likelihood of an earnings beat this quarter [5].

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Gartner, despite an expected increase in revenues, highlighting the importance of actual results compared to estimates for stock price movement [1][3]. Earnings Expectations - Gartner is projected to report quarterly earnings of $2.72 per share, reflecting a year-over-year decrease of 7.2%, while revenues are expected to reach $1.53 billion, an increase of 4.2% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 1.72% over the last 30 days, indicating a bearish sentiment among analysts regarding Gartner's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Gartner is lower than the consensus estimate, resulting in an Earnings ESP of -0.40%, complicating predictions for an earnings beat [10][11]. Historical Performance - Gartner has consistently beaten consensus EPS estimates in the past four quarters, with a notable surprise of +69.25% in the last reported quarter [12][13]. Stock Movement Factors - An earnings beat or miss alone may not dictate stock movement, as other factors can influence investor sentiment and stock performance [14][16].

AUSTIN, Texas, April 15, 2025 (GLOBE NEWSWIRE) -- AutoScheduler.AI, an innovative Warehouse Orchestration Platform and WMS accelerator, announces that CEO Keith Moore and Axel Arias, Senior Director of Warehouse Operations for PepsiCo, will discuss how PepsiCo is leveraging artificial intelligence and orchestration to drive more efficient warehouse execution within its plant-based warehouses. The session occurs on Monday, May 5, from 1:35 PM to 1:55 PM EDT. AutoScheduler will be demoing its award-winning or ...

Company Overview - i4cp is the leading authority on next practices in human capital, producing more HR-related research than any other firm globally [2][7] - The company has been consistently growing through its subscription model and recently celebrated its 8th year on the Inc. 5000 list of the fastest-growing companies in the U.S. [2] Strategic Investment - M|C Partners, a Boston-based private equity firm, has made a strategic investment in i4cp to support its growth opportunities [1][9] - M|C Partners has invested $3.0 billion in over 150 companies over the past three decades, focusing on small and mid-size businesses in the digital infrastructure and technology services sectors [9] Leadership Changes - Terry Waters has been appointed as the new CEO of i4cp, bringing extensive experience from previous roles including CEO of Yankee Group and President for Evanta [3][5] - Kevin Oakes, co-founder of i4cp, will remain in a leadership role focused on human capital thought leadership and advisory offerings [4] Future Plans - The company aims to expand and enhance its offerings to better support CHROs and their leadership teams in addressing strategic human capital issues [5] - There is a focus on scaling operations to serve more organizations and leveraging the expertise of the new leadership team [3][5]

Group 1 - Edge Total Intelligence Inc. (edgeTI) has been recognized as a Sample Vendor in the Digital Twins category in the Gartner® Hype Cycle™ for Digital Grid [1][4] - The digital grid is facing challenges in managing increasing renewable energy volumes while ensuring real-time interactions with generators and customers for operational resilience [2][6] - Distributed energy resources (DER) are defined as small, modular energy generation and storage technologies that typically produce less than 10 megawatts (MW) of power [2] Group 2 - edgeTI's edgeCore™ software integrates real-time data and control systems from various domains, including engineering, operational, customer, and information technology, to reduce complexity and facilitate decision-making [4][5] - The evolution of operational systems is shifting from reactive dispatch to predictive and, in some cases, autonomous operations, driven by software-defined assets and digital twins [6] - The Digital Grid opportunity for Digital Twins is particularly appealing to customers and integrators in the defense sector focused on operational energy [6] Group 3 - edgeTI offers demonstrations and free evaluations of Digital Twins through its website to prospective enterprises [6] - The company's platform aims to enhance situational awareness and accelerate action by uniting multiple software applications and data sources into a cohesive Digital Twin experience [8] - By leveraging edgeCore, customers can improve margins and agility by transforming siloed systems and data across various operational domains [8]