Gartner Shares Pop On Q2 Beat; Upbeat FY22 Guidance - Gartner (NYSE:IT)

Gartner, Inc IT reported second-quarter FY22 revenue growth of 21.8% year-on-year on an FX-neutral basis to $1.40 billion, beating the consensus of $1.32 billion.
Revenues from Research rose 14% Y/Y to $1.14 billion, and Conferences were $113.5 million, up 95% Y/Y. Consulting revenue grew 14% Y/Y to $120.7 million.
Global Technology Sales Contract Value rose 13.5% Y/Y FX neutral to $3.4 billion. Global Business Sales Contract Value increased 23% Y/Y to $0.9 billion.
Adjusted EPS of $2.85 beat the consensus of $2.13.
Gartner generated $416 million in operating cash flow.
CEO Gene Hall commented, "We are again raising our guidance and remain well-positioned to deliver long-term, sustained, double-digit growth. And we continue to buy back stock, which will increase our per share results this year and beyond."
Outlook: Gartner sees FY22 revenue of $5.35 billion above the consensus of $5.31 billion.
EPS outlook of $8.85 exceeded the consensus of $8.06.
Price Action: IT shares traded higher by 6.93% at $287.86 on the last check Tuesday.