- Gartner Inc IT reported third-quarter FY22 sales growth of 15.2% year-on-year to $1.33 billion, beating the consensus of $1.29 billion.
- Revenues from Research increased 10.7%, Conferences jumped 215.5%, and Consulting grew 13%.
- Selling, general and administrative expenses climbed 19.6% to $613 million.
- The operating margin was 19%, and operating income for the quarter rose 10% to $253.4 million.
- Operating cash flow for the quarter totaled $315 million, with a free cash flow of $283 million.
- Adjusted EBITDA for the quarter rose 8.5% Y/Y to $332 million.
- Adjusted EPS of $2.41 beat the analyst consensus of $1.87
- Price Action: IT shares are trading higher by 7.75% at $325.33 on the last check Tuesday.
- Photo Via Company
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
