Gartner, Inc. reported its third-quarter 2024 financial results on November 5, 2024, with revenue reaching $1.48 billion, an increase of 5.4% on a reported basis and 5.6% on an FX neutral basis. Adjusted EBITDA for the quarter was $340 million, up 2.1% reported and 2.8% FX neutral, exceeding expectations. Adjusted EPS was $2.50.
The company's Contract Value (CV), a key forward-looking metric, grew 7.3% FX neutral year-over-year to $5.0 billion. Free cash flow was robust at $565 million, marking an 86.8% increase from the prior year, demonstrating strong cash generation from operations.
Following the strong performance, Gartner updated its full-year 2024 guidance, projecting consolidated revenue of at least $6.23 billion and adjusted EBITDA of at least $1.520 billion. Adjusted EPS is expected to be at least $11.75, and free cash flow is projected to be at least $1.35 billion, reflecting an improved outlook for the year.
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