US Market News
2週前
Gartner Forecasts Worldwide AI Spending to Grow 47% in 2026May 19, 2026 3:30 AM
Business Wire $2.59 Trillion in AI Spending Dominated by Vendors and Hyperscalers, with Enterprises Yet to Flex Spending Potential. Worldwide spending on AI is forecast to total $2.59 trillion in 2026, a 47% increase year-over-year, according to Gartner, Inc. a business and technology insights company. “Through the next several years, the need for capacity will make AI infrastructure, including AI-optimized IaaS, AI-optimized servers, AI network fabric, AI processing semiconductors and devices, the largest segment of the market, accounting for over 45% of spending, which will be driven by vendors,” said John-David Lovelock, Distinguished VP Analyst at Gartner. “Within this segment, spending on AI-optimized servers will triple over the next five years to become the largest subsegment, as cloud services providers expand capacity in anticipation of the workloads created by GenAI models and agentic workflows.” Enterprises will expand their use of both the GenAI models embedded in existing software applications and the new AI agents within multiple workflows. Model consumption will increase through multistep processes and integration into broad suites of tools as enterprises recognize the potential value of agentic automation. This dynamic means that the short-term outlook for AI models has been increased to 110% growth in 2026, adding $6 billion in spending for this year (see Table 1). Table 1: Worldwide AI Spending by Market, 2025-2027 (Millions of U.S. Dollars) Market 2025 2026 2027 AI Services 436,351 585,527 759,418 AI Cybersecurity 25,920 51,347 85,997 AI Software 282,897 453,209 638,431 AI Models 15,494 32,604 59,161 AI Platforms for Data Science and Machine Learning 21,292 29,928 42,639 AI Application Development Platforms 6,587 8,416 10,922 AI Data 826 3,126 6,480 AI Infrastructure 975,581 1,431,509 1,890,310 Total AI Spending 1,764,947 2,595,667 3,493,358 “Up to this point, AI spending has primarily been driven by technology companies and hyperscalers,” said Lovelock. “Enterprises have yet to really flex their spending potential. That is coming and 2026 will be the inflection year. Currently, organizations show limited appetite for using AI to drive disruptive enterprise change. Instead, they favor tactical AI initiatives with incremental improvements in efficiency and productivity. "For this reason, CIOs face challenges in proving the value from AI investments and demonstrate tangible business outcomes,” said Lovelock. “Aligning AI initiatives with strategic business objectives is the essential step for success. This incremental approach persists despite AI hype and valuations that reflect aspirations to transform the broader economy.” Gartner clients can read more in Forecast: AI Spending, Worldwide, 2025-2030, 1Q26. Gartner is the World Authority on AI Gartner is the indispensable partner to C-Level executives and technology providers as they implement AI strategies to achieve their mission-critical priorities. The independence and objectivity of Gartner insights provide clients with the confidence to make informed decisions and unlock the full potential of AI. Clients across the C-Level are using Gartner's proprietary AskGartner AI tool to determine how to leverage AI in their business. With more than 2,500 business and technology experts, 6,000 written insights, as well as more than 4,000 AI use cases and case studies, Gartner is the world authority on AI. More information can be found here. Gartner IT Symposium/Xpo The outlook on AIs will be presented during Gartner IT Symposium/Xpo, the world's most important conference for CIOs and other IT executives. Gartner analysts and attendees will explore how to become agents of change in their organizations and harness AI for successful digital transformation. Follow news and updates from the conferences on X and LinkedIn using #GartnerSYM, and on the Gartner Newsroom. Upcoming dates and locations for Gartner IT Symposium/Xpo include: September 14-16, 2026 | Gold Coast, Australia October 19-22, 2026 | Orlando, FL November 4-6, 2026 | Yokohama, Japan November 9-12, 2026 | Barcelona, Spain November 16-18, 2026 | Kochi, India About Gartner for High Tech Leaders and Providers Gartner for High Tech Leaders and Providers equips tech leaders and their teams with role-based best practices, industry insights and strategic views into emerging trends and market changes to achieve their mission-critical priorities and build the successful organizations of tomorrow. Additional information is available at www.gartner.com/en/industries/high-tech. Follow news and updates from Gartner for High Tech on X and LinkedIn using #GartnerHT. Visit the Gartner Newsroom for more information and insights. About Gartner Gartner (NYSE: IT) delivers actionable, objective business and technology insights that drive smarter decisions and stronger performance on an organization's mission-critical priorities. To learn more visit gartner.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260519405832/en/ Matt LoDolce
Gartner
matt.lodolce@gartner.com Meghan Moran
Gartner
meghan.moran@gartner.com Original: Gartner Forecasts Worldwide AI Spending to Grow 47% in 2026
US Market News
3週前
Gartner 2026 CMO Spend Survey Finds CMOs Allocate 15.3% of Marketing Budgets to AI, but Only 30% Are Ready to Scale AI CapabilitiesMay 11, 2026 11:55 AM
Business Wire Marketing Budgets Remain Effectively Flat as CMOs Face Pressure to Deliver AI-Enabled Growth and Efficiency CMOs are allocating an average of 15.3% of marketing budgets to AI initiatives, yet most marketing organizations lack the maturity to scale those investments, according to a survey by Gartner, Inc., a business and technology insights company. While 70% of CMOs say becoming an AI leader is a critical goal for 2026, only 30% report mature or fully developed AI readiness capabilities. The annual Gartner CMO Spend Survey was conducted January through March 2026 among 401 CMOs and other marketing leaders in North America, the United Kingdom and Europe across different industries, company sizes and revenue, with the vast majority of respondents reporting annual revenue of over $1 billion. Gartner experts revealed the findings today during the Gartner Marketing Symposium/Xpo, which is taking place in London. “CMOs recognize AI’s potential as a force multiplier for growth, efficiency and transformation, but most marketing organizations are not yet built to capture that value,” said Ewan McIntyre, VP Analyst and Chief of Research in the Gartner Marketing practice. “The risk is that CMOs invest in AI tools faster than they build the data foundations, processes, governance and talent required to scale them.” Marketing budgets remain effectively flat, rising only slightly to 7.8% of company revenue in 2026 from 7.7% in 2025. This constrained fiscal environment is increasing pressure on CMOs to fund AI-enabled transformation through sharper prioritization and resource reallocation. CMOs Increase AI Investment, but Readiness Lags The survey found a clear gap between AI ambition and organizational readiness. Seventy percent of CMOs consider becoming an AI leader to be a critical goal for 2026. However, 70% also acknowledge that their internal marketing processes are not yet mature enough to effectively implement and scale AI. CMOs whose organizations report mature or fully developed AI readiness capabilities are establishing an early advantage by pairing AI investment with stronger budget agility, innovation commitment and organizational readiness. These more AI-ready marketing organizations allocate 21.3% of their marketing budgets to AI initiatives, compared with the survey average of 15.3%. They also report average marketing budgets of 8.9% of company revenue, above the 2026 average of 7.8%. “AI maturity is beginning to separate marketing leaders from laggards,” said McIntyre. “The most advanced CMOs are not simply spending more on AI. They are creating the budget agility, innovation capacity and operating discipline needed to turn AI investment into measurable business impact.” Constrained Resources Force CMOs to Prioritize AI-Enabled Transformation While overall marketing budgets have remained effectively flat, CMOs are still expected to deliver growth, efficiency and AI-enabled transformation. The survey found that 56% of CMOs say their marketing organization lacks the budget required to deliver their 2026 strategy, while 54% report insufficient resources. This resource gap is forcing CMOs to make sharper decisions about where to invest, what to deprioritize and how to reallocate existing resources toward capabilities that can create greater business impact. As AI becomes a larger share of marketing investment, CMOs must ensure those dollars are supported by the right operating model, governance, data foundations and talent. “CMOs are being asked to deliver growth, efficiency and transformation without meaningful budget expansion,” said McIntyre. “Those who succeed will make deliberate, data-driven trade-offs and treat AI as a force multiplier.” Gartner clients can read more in the report “Insights From The 2026 CMO Spend Survey.” Gartner Is the World Authority on AI Gartner is an indispensable partner to C-Level executives and technology providers as they implement AI strategies to achieve their mission-critical priorities. The independence and objectivity of Gartner insights provide clients with the confidence to make informed decisions and unlock the full potential of AI. Clients across the C-Level are using Gartner's proprietary AskGartner AI tool to determine how to leverage AI in their business. With more than 2,500 business and technology experts, 6,000 written insights, as well as more than 4,000 AI use cases and case studies, Gartner is the world authority on AI. More information can be found here. About the Gartner Marketing Symposium/Xpo The Gartner Marketing Symposium/Xpo is taking place May 11-12 in London and June 8-10 in Denver, providing marketing leaders with actionable advice about the trends, tools and emerging technologies they need to deliver business results in an AI-driven world. Gartner analysts address the biggest opportunities, challenges and priorities marketers face today, including CMO leadership, marketing strategy and customer engagement. Follow news and updates coming out of the conference on the Gartner Newsroom and on X and LinkedIn using #GartnerMKTG. About Gartner for Marketers Gartner for Marketers provides the objective, expert advice, and proven tools that CMOs and other marketing leaders need to seize the right opportunities with clarity and confidence, and to stay ahead of the trends that matter. With in-depth research and analysis, Gartner for Marketers helps you focus on the opportunities with the greatest potential to deliver results. More information on Gartner for Marketers is available online at www.gartner.com/marketing. Follow news and updates from the Gartner Marketing practice on X and LinkedIn using #GartnerMKTG. Members of the media can find additional information and insights in the Gartner Marketing Newsroom. About Gartner Gartner (NYSE: IT) delivers actionable, objective business and technology insights that drive smarter decisions and stronger performance on an organization's mission-critical priorities. To learn more visit gartner.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260511321750/en/ Elizabeth Bishop
Gartner
elizabeth.bishop@gartner.com Jordan Brackenbury
Gartner
jordan.brackenbury@gartner.com Original: Gartner 2026 CMO Spend Survey Finds CMOs Allocate 15.3% of Marketing Budgets to AI, but Only 30% Are Ready to Scale AI Capabilities
US Market News
1月前
Gartner Survey Finds 85% of Service and Support Leaders are Expanding Human Agent Responsibilities Despite Expectations of Mass AI LayoffsApril 28, 2026 3:30 AM
Business Wire
While 31% Have Implemented or Are Planning AI-driven Layoffs Through 1Q27, Leaders Are Far More Likely To Be Pursuing Workforce Redesign Rather Than Role Elimination
Eighty-five percent of customer service and support leaders are expanding human agent responsibilities as AI reduces contact volume and shifts work toward higher-value tasks, according to a survey by Gartner, Inc., a business and technology insights company. Just thirty-one percent have implemented, or are planning, frontline workforce reductions through layoffs in response to AI through 1Q27.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260428850485/en/
A Gartner survey of 321 customer service and support leaders worldwide, conducted from September through October 2025, found that workforce transformation is underway, with 80% of service and support leaders reporting pressure to make workforce changes as AI reduces contact volumes and improves agent efficiency.
“Service and support leaders need a plan for how they will reshape their workforce for AI’s impact, otherwise a plan will be handed to them,” said Kathy Ross, Vice President Analyst in the Gartner Customer Service & Support Practice.
Rather than pursuing widespread job cuts, more organizations are taking a measured approach to managing these shifts. Sixty-three percent (63%) of service leaders are reducing frontline headcount gradually through attrition, while reallocating agent capacity toward higher-value responsibilities that support growth, loyalty and long-term efficiency (see Figure 1).
“As AI begins to automate simple work, that success creates a new challenge,” said Eric Keller, Senior Director Analyst in the Gartner Customer Service & Support practice. “Service leaders must decide whether to simply do the same work at lower cost or to redeploy human agents into roles that AI cannot replace and that customers value most.”
AI Expands the Scope of Human Work
Rather than using AI efficiency gains solely to reduce costs, the majority of organizations are expanding and redefining the role of the human agent. The survey found that 85% of service leaders are adding new tasks and responsibilities to frontline agent roles, while 75% are shifting agents into entirely new roles within the service and support organization. Despite external expectations for rapid workforce reductions, large-scale layoffs remain the exception rather than the norm, underscoring a broader shift toward workforce redesign rather than elimination.
As agent roles evolve, human interaction continues to play a critical role in customer trust and decision-making. In a separate Gartner customer survey of 5,801 customers in the U.S. conducted from January - February 2025, 54% of customers said they trust human agents more than AI for product or service recommendations, compared with 32% who trust AI more, reinforcing the importance of human involvement in complex, high-stakes or advisory interactions.
“Organizations that only use AI to reduce costs risk missing a strategic opportunity,” said Keller. “The real advantage comes from combining AI efficiency with human judgment, empathy and experience to deliver outcomes that technology alone cannot.”
Gartner clients can read more in the report: As AI Frees Up Agent Capacity — Here’s What Smart Leaders Do and listen to the webinar: Redesign the Frontline Role for AI’s Impact.
Gartner is the World Authority on AI
Gartner is an indispensable partner to C-Level executives and technology providers as they implement AI strategies to achieve their mission-critical priorities. The independence and objectivity of Gartner insights provide clients with the confidence to make informed decisions and unlock the full potential of AI. Clients across the C-Level are using Gartner's proprietary AskGartner AI tool to determine how to leverage AI in their business. With more than 2,500 business and technology experts, 6,000 written insights, as well as more than 4,000 AI use cases and case studies, Gartner is the world authority on AI. More information can be found here.
About the Gartner Customer Service & Support Conference
The Gartner Customer Service & Support Conference is taking place November 4-5, 2026, in Denver, providing customer service and support leaders with actionable advice about the trends, tools and emerging technologies they need to deliver business results in an AI-driven world. Gartner analysts address the biggest opportunities, challenges and priorities in the market today, including the latest advancements in AI , innovative strategies that are transforming customer experience, streamlining support channels and harnessing data to drive results to shape the future of their organizations. Follow news and updates coming out of the conference on the Gartner Newsroom and on X and LinkedIn using #GartnerCSS.
About Gartner for Customer Service & Support Leaders
The customer service and support function is vital to maintaining customer loyalty and influencing brand perceptions. Gartner for Customer Service & Support Leaders provides indispensable insights, advice and tools needed to achieve service and support leaders’ mission-critical priorities, specifically improving the customer experience while managing costs; designing an optimal service channel strategy; measuring and reducing customer effort; and how to hire, develop and retain high-potential frontline talent.
Follow news and update from the Gartner Customer Service & Support Practice on X and LinkedIn using #GartnerCSS. Members of the media can find additional information and insights in the Gartner Customer Service & Support Newsroom.
About Gartner
Gartner (NYSE: IT) delivers actionable, objective business and technology insights that drive smarter decisions and stronger performance on an organization's mission-critical priorities. To learn more visit gartner.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260428850485/en/
Elizabeth Bishop
Gartner
elizabeth.bishop@gartner.com
Juliette Dixon
Gartner
juliette.dixon@gartner.com
Original: Gartner Survey Finds 85% of Service and Support Leaders are Expanding Human Agent Responsibilities Despite Expectations of Mass AI Layoffs
US Market News
1月前
Gartner Forecasts Worldwide IT Spending to Grow 13.5% in 2026, Totaling $6.31 TrillionApril 22, 2026 3:30 AM
Business Wire
Strong Growth Driven by Sustained Momentum Across AI Infrastructure and Software
Worldwide IT spending is expected to reach $6.31 trillion in 2026, up 13.5% from 2025, according to the latest forecast by Gartner, Inc., a business and technology insights company.
“This latest forecast underscores the accelerating momentum in AI infrastructure and advanced memory,” said John-David Lovelock, Distinguished VP Analyst at Gartner. “As AI workloads scale, data center investment is ramping rapidly, which in turn is driving increased demand for high-performance compute. This dynamic is creating meaningful growth opportunities for companies delivering AI-optimized processors, accelerators, and enabling technologies.”
Data center systems spending is set to see the largest growth in 2026 at 55.8%. IT services, including application implementation and managed services, infrastructure implementation and managed services and IaaS, is forecast to see the largest overall spending, surpassing $1.87 billion in 2026 (see Table 1).
Table 1. Worldwide IT Spending Forecast (Millions of U.S. Dollars)
2025 Spending
2025 Growth (%)
2026 Spending
2026 Growth (%)
Data Center Systems
505,634
51.6
787,990
55.8
Devices
791,663
9.7
856,189
8.2
Software
1,254,449
12.8
1,443,621
15.1
IT Services
1,715,650
6.2
1,870,197
9.0
Communications Services
1,296,409
3.3
1,358,553
4.8
Overall IT
5,563,805
10.5
6,316,550
13.5
Source: Gartner (April 2026)
“Robust demand combined with supply constraints has resulted in record price increases for high-bandwidth memory. This surge positions the memory segment as a lucrative area for semiconductor manufacturers,” said Lovelock. “These trends collectively make AI infrastructure the most attractive segment for capitalizing on the robust expansion in IT spending.”
Upward Revised Projections Driven by AI Infrastructure, Software and Device Hardware
Compared to Gartner’s previous forecast, Gartner is predicting a stronger-than-anticipated growth in global IT spending, driven by sustained momentum across AI infrastructure, software, and IaaS. These shifts are reinforcing a multi-speed IT market, with hyperscaler purchases and AI-centric software segments significantly outperforming more traditional categories.
Hyperscale cloud demand is fueling a sharp increase in server and data center investment, with spending on data center systems projected to surpass $788 billion in 2026 with growth accelerating well beyond prior expectations. At the same time, GenAI continues to drive outsized gains in software, particularly in GenAI model development, where spending growth is forecast to more than double year-over-year.
Device spending is also rising, reaching an estimated $856 billion, though growth is being moderated by higher memory costs that are lifting average selling prices and constraining replacement cycles in lower-margin segments.
“Together, these dynamics highlight a widening divergence across IT markets, as AI infrastructure and GenAI software see substantial upward revisions while device growth reflects ongoing cost and pricing pressures,” said Lovelock.
Gartner’s IT spending forecast methodology relies heavily on rigorous analysis of the sales by over a thousand vendors across the entire range of IT products and services. Gartner uses primary research techniques, complemented by secondary research sources, to build a comprehensive database of market size data on which to base its forecast.
The Gartner quarterly IT spending forecast delivers a unique perspective on IT spending across the hardware, software, IT services and telecommunications segments. These reports help Gartner clients understand market opportunities and challenges. The most recent IT spending forecast research is available to Gartner clients in Gartner Market Databook, 1Q26.
More information on the forecast can be found in the complimentary Gartner webinar IT Spending in 2026: Pruning the AI Garden.
Gartner is the World Authority on AI
Gartner is the indispensable partner to C-Level executives and technology providers as they implement AI strategies to achieve their mission-critical priorities. The independence and objectivity of Gartner insights provide clients with the confidence to make informed decisions and unlock the full potential of AI. Clients across the C-Level are using Gartner's proprietary AskGartner AI tool to determine how to leverage AI in their business. With more than 2,500 business and technology experts, 6,000 written insights, as well as more than 4,000 AI use cases and case studies, Gartner is the world authority on AI. More information can be found here.
Gartner IT Symposium/Xpo
Additional leadership trends will be presented during Gartner IT Symposium/Xpo, the world's most important conference for CIOs and other IT executives. Gartner analysts and attendees will explore how to become agents of change in their organizations and harness AI for successful digital transformation. Follow news and updates from the conferences on X and LinkedIn using #GartnerSYM, and on the Gartner Newsroom.
Upcoming dates and locations for Gartner IT Symposium/Xpo include:
September 14-16, 2026 | Gold Coast, Australia
October 19-22, 2026 | Orlando, FL
November 4-6, 2026 | Yokohama, Japan
November 9-12, 2026 | Barcelona, Spain
November 16-18, 2026 | Kochi, India
About Gartner for High Tech Leaders and Providers
Gartner for High Tech Leaders and Providers equips tech leaders and their teams with role-based best practices, industry insights and strategic views into emerging trends and market changes to achieve their mission-critical priorities and build the successful organizations of tomorrow. Additional information is available at www.gartner.com/en/industries/high-tech.
Follow news and updates from Gartner for High Tech on X and LinkedIn using #GartnerHT. Visit the Gartner Newsroom for more information and insights.
About Gartner
Gartner (NYSE: IT) delivers actionable, objective business and technology insights that drive smarter decisions and stronger performance on an organization's mission-critical priorities. To learn more visit gartner.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260422301495/en/
Matt LoDolce
Gartner
matt.lodolce@gartner.com
Meghan Moran
Gartner
meghan.moran@gartner.com
Original: Gartner Forecasts Worldwide IT Spending to Grow 13.5% in 2026, Totaling $6.31 Trillion
US Market News
4月前
Gartner Reports Fourth Quarter 2025 Financial ResultsFebruary 3, 2026 6:00 AM
Business Wire
Contract Value $5.2 billion, +1% YoY FX Neutral
FOURTH QUARTER 2025 HIGHLIGHTS
Revenues: $1.8 billion, +2% as reported and unchanged FX neutral.
Net income: $242 million, -39%; adjusted EBITDA: $436 million, +5% as reported, +1% FX neutral.
Diluted EPS: $3.36, -34%; adjusted EPS: $3.94, -28%.
Operating cash flow: $295 million, -12%; free cash flow: $271 million, -13%.
Board of Directors increased the share repurchase authorization by $500 million in January 2026.
FULL YEAR 2025 HIGHLIGHTS
Revenues: $6.5 billion, +4% as reported and +3% FX neutral.
Net income: $0.7 billion, -42%; adjusted EBITDA: $1.6 billion, +4% as reported, +2% FX neutral.
Diluted EPS: $9.65, -40%; adjusted EPS: $13.17, -7%.
Operating cash flow: $1.3 billion, -13%; free cash flow: $1.2 billion, -15%.
Repurchased 7.0 million common shares for $2.0 billion; 8% reduction in outstanding share count YoY.
Gartner, Inc. (NYSE: IT), today reported results for the fourth quarter of 2025 and provided its financial outlook for the full year 2026. Additional information regarding the Company’s results and 2026 financial outlook are provided in an earnings supplement available on the Company’s Investor Relations website at https://investor.gartner.com.
Gene Hall, Gartner’s Chairman and Chief Executive Officer, commented, “Fourth quarter financial results were ahead of expectations. We repurchased $2 billion of Gartner stock in 2025. Over the past few months, we increased our leverage through the successful completion of our first investment-grade bond issuance, we entered into a definitive agreement to divest the Digital Markets business, and the Board appointed two new directors who bring unique and valuable skills. Looking ahead, we expect CV to accelerate throughout 2026.”
CONFERENCE CALL INFORMATION
The Company will host a webcast call at 8:00 a.m. Eastern time on Tuesday, February 3, 2026 to discuss the Company’s financial results. Listeners can access the webcast live at https://edge.media-server.com/mmc/p/r5a2z28y. To participate actively in the live call via dial-in, please register at https://register-conf.media-server.com/register/BI43acc100ccc54980a1727b9fa737ffe8. Once registered, participants will receive a dial-in number and a unique PIN to access the call. A replay of the webcast will be available on the Company’s website for approximately 30 days following the call.
CONSOLIDATED RESULTS HIGHLIGHTS
(Unaudited; $ in millions, except per share amounts)
Three Months Ended
December 31,
Inc/(Dec)
2025
2024
Inc/(Dec)
FX Neutral
GAAP Metrics:
Revenues
$
1,753
$
1,715
2
%
—
%
Net income
242
399
(39
)%
na
Diluted EPS
3.36
5.11
(34
)%
na
Operating cash flow
295
335
(12
)%
na
Non-GAAP Metrics:
Adjusted EBITDA
$
436
$
417
5
%
1
%
Adjusted EPS
3.94
5.45
(28
)%
na
Free cash flow
271
311
(13
)%
na
na=not available
CONTRACT VALUE HIGHLIGHTS
Global Technology Sales Contract Value (GTS CV): $3.9 billion, flat YoY FX Neutral
Global Business Sales Contract Value (GBS CV): $1.2 billion, +3% YoY FX Neutral
SEGMENT RESULTS HIGHLIGHTS
Our segment results for the three months ended December 31, 2025 were as follows:
(Unaudited; $ in millions)
Insights
Conferences
Consulting
Other
Revenues
$
1,283
$
286
$
134
$
50
Inc/(Dec)
3
%
14
%
(13
)%
(22
)%
Inc/(Dec) - FX neutral
1
%
11
%
(15
)%
(22
)%
Gross contribution
$
989
$
147
$
36
$
16
Inc/(Dec)
4
%
23
%
(33
)%
(8
)%
Contribution margin
77
%
51
%
27
%
32
%
Additional details regarding our segment results can be obtained in the earnings supplement and on our webcast call.
Certain financial metrics contained in this Press Release are considered non-GAAP financial measures. Definitions of these non-GAAP financial measures are included in this Press Release under “Non-GAAP Financial Measures” and the related reconciliations are under “Supplemental Information — Non-GAAP Reconciliations.” In this Press Release, some totals may not add due to rounding. The percentage changes are based on the unrounded whole number and recalculation based on millions may yield a different result.
ABOUT GARTNER
Gartner, Inc. (NYSE: IT) delivers actionable, objective business and technology insights that drive smarter decisions and stronger performance on an organization’s mission-critical priorities.
FORWARD LOOKING STATEMENTS
Statements contained in this press release regarding the Company’s growth and prospects, projected financial results, long-term objectives, and all other statements in this release other than recitation of historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, estimates, uncertainties and other factors that may cause actual results to be materially different. Such forward-looking statements involve known and unknown risks, estimates, uncertainties and other factors that may cause actual results to be materially different. Such factors include, but are not limited to, the following: our ability to maintain and expand our products and services; our ability to keep pace with technological developments in artificial intelligence (“AI”) and comply with evolving AI regulations; our ability to achieve continued customer renewals and achieve new contract value, backlog and deferred revenue growth in light of competitive pressures; our ability to grow or sustain revenue from individual customers; our ability to expand or retain our customer base; our ability to carry out our strategic initiatives and manage associated costs; the timing of conferences and meetings, in particular our Gartner Symposium/Xpo series that normally occurs during the fourth quarter; our ability to achieve and effectively manage growth, including our ability to integrate our acquisitions and consummate and integrate future acquisitions; our ability to attract and retain a professional staff of analysts and consultants as well as experienced sales personnel upon whom we are dependent, especially in light of labor competition; our ability to successfully compete with existing competitors and potential new competitors; our ability to enforce and protect our intellectual property rights; the impact of cybersecurity incidents or other disruptions to our information systems; our ability to pay our debt obligations; the impact of global economic and geopolitical conditions, including inflation (and related monetary policy by governments in response to inflation) and recession; uncertain effects, both direct and indirect, of changes and volatility in tariffs and trade policies; risks associated with the creditworthiness, budget cuts, priorities and shutdown of governments and agencies; additional risks associated with international operations, including foreign currency fluctuations; the impact on our business resulting from changes in international conditions, including those resulting from tensions in the Middle East, the war in Ukraine and current and future sanctions imposed by governments or other authorities; the impact of restructuring and other charges on our businesses and operations; our ability to meet sustainability commitments and comply with applicable regulatory requirements, as well as potential reactions by customers to these commitments; the impact of changes in tax policy (including global minimum tax legislation) and heightened scrutiny from various taxing authorities globally; changes to laws and regulations; and other risks and uncertainties described under “Risk Factors” in our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which can be found on Gartner’s website at https://investor.gartner.com and the SEC’s website at www.sec.gov. Forward-looking statements included herein speak only as of the date hereof and Gartner disclaims any obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.
NON-GAAP FINANCIAL MEASURES
Certain financial measures used in this Press Release are not defined by U.S. generally accepted accounting principles (“GAAP”) and as such are considered non-GAAP financial measures. We provide these measures to enhance the user’s overall understanding of the Company’s current financial performance and the Company’s prospects for the future. Investors are cautioned that these non-GAAP financial measures may not be defined in the same manner by other companies and, as a result, may not be comparable to other similarly titled measures used by other companies. Also, these non-GAAP financial measures should not be construed as alternatives, or superior, to other measures determined in accordance with GAAP. The non-GAAP financial measures used in this Press Release are defined below.
Adjusted EBITDA and Adjusted EBITDA Margin: Represents GAAP net income (loss) adjusted for: (i) interest expense, net; (ii) tax provision (benefit); (iii) gain on event cancellation insurance claims, as applicable; (iv) other (income) expense, net; (v) stock-based compensation expense; (vi) depreciation, amortization, and accretion; (vii) goodwill impairment and other asset impairments, as applicable and (viii) workforce reduction expenses and certain other non-recurring items. Adjusted EBITDA Margin represents Adjusted EBITDA divided by GAAP Revenue. We believe Adjusted EBITDA and Adjusted EBITDA Margin are important measures of our recurring operations as they exclude items not representative of our core operating results.
Adjusted Net Income and Adjusted EPS: Represents GAAP net income (loss) and diluted net income (loss) per share adjusted for the impact of certain items directly related to acquisitions and other non-recurring items. These adjustments include (on a per share basis, in the case of Adjusted EPS): (i) the amortization of acquired intangibles*; (ii) workforce reduction expenses and other non-recurring items; (iii) gain on event cancellation insurance claims, as applicable; (iv) the non-cash (gain) loss on de-designated interest rate swaps, as applicable; (v) goodwill impairment and other asset impairments, as applicable and (vi) the related tax effect. We believe Adjusted Net Income and Adjusted EPS are important measures of our recurring operations as they exclude items that may not be indicative of our core operating results.
* The Company excludes amortization of acquired intangibles because it is generally a fixed non-cash expense that can be significantly impacted by the timing and/or size of acquisitions and management does not use it to evaluate core operating results. Although the Company excludes the amortization of acquired intangibles from Adjusted Net Income and Adjusted EPS, management believes that it is important for investors to understand that such intangible assets were recorded as part of acquisition accounting and contribute to revenue generation.
Free Cash Flow: Represents cash provided by operating activities determined in accordance with GAAP less payments for capital expenditures. We believe Free Cash Flow is an important measure of the recurring cash generated by the Company’s core operations that may be available to be used to repay debt obligations, repurchase our stock, invest in future growth through new business development activities, or make acquisitions.
Foreign Currency Neutral (FX Neutral): We provide foreign currency neutral dollar amounts and percentages for our contract values, revenues, certain expenses, and other metrics. These foreign currency neutral dollar amounts and percentages eliminate the effects of exchange rate fluctuations and thus provide a more accurate and meaningful trend in the underlying data being measured. We calculate foreign currency neutral dollar amounts by converting the underlying amounts in local currency for different periods into U.S. dollars by applying the same foreign exchange rates to all periods presented.
SUPPLEMENTAL INFORMATION - NON-GAAP RECONCILIATIONS
The tables below provide reconciliations of certain Non-GAAP financial measures used in this Press Release with the most directly comparable GAAP measure. See “Non-GAAP Financial Measures” above for definitions of these measures.
Reconciliation - GAAP Net Income to Adjusted EBITDA
(Unaudited; $ in millions)
Three Months Ended December 31,
Year Ended December 31,
2025
2024
2025
2024
GAAP net income
$
242
$
399
$
729
$
1,254
Interest expense, net
19
12
61
69
Gain on event cancellation insurance claims (a)
—
—
—
(300
)
Other expense (income), net
1
4
(3
)
(1
)
Tax provision (benefit)
72
(97
)
239
134
Operating income
334
318
1,026
1,156
Adjustments:
Stock-based compensation expense (b)
32
30
156
155
Depreciation, amortization and accretion (c)
48
51
201
203
Goodwill and other asset impairments (d)
—
8
155
11
Workforce reduction expenses and other non-recurring items (e)
22
10
74
30
Adjusted EBITDA
$
436
$
417
$
1,611
$
1,556
(a) Consists of the gain on event cancellation insurance claims for events cancelled in 2020 and 2021.
(b) Consists of charges for stock-based compensation awards.
(c) Includes depreciation expense, amortization of intangibles and accretion on asset retirement obligations.
(d) Includes $150 million of goodwill impairment related to Digital Markets in 2025 in addition to impairment loss for lease related assets, net of a reduction in lease liabilities.
(e) Consists of workforce reduction expenses, direct and incremental expenses related to acquisitions and divestitures, facility-related exit costs and other non-recurring items.
Reconciliation - GAAP Net Income and GAAP income per share to Adjusted Net Income and Adjusted EPS
(Unaudited; $ in millions, except per share amounts)
Three Months Ended December 31,
2025
2024
Amount
Per Share
Amount
Per Share
GAAP net income
$
242
$
3.36
$
399
$
5.11
Acquisition and other adjustments:
Amortization of acquired intangibles (a)
20
0.28
22
0.28
Workforce reduction expenses and other non-recurring items (b), (c)
23
0.32
11
0.14
Goodwill and other asset impairments (e)
—
—
8
0.10
Gain on de-designated interest rate swaps (f)
—
—
(2
)
(0.02
)
Tax impact of adjustments (g)
(1
)
(0.02
)
(13
)
(0.16
)
Adjusted net income and Adjusted EPS (h)
$
284
$
3.94
$
425
$
5.45
Year Ended December 31,
2025
2024
Amount
Per Share
Amount
Per Share
GAAP net income
$
729
$
9.65
$
1,254
$
16.00
Acquisition and other adjustments:
Amortization of acquired intangibles (a)
82
1.09
90
1.15
Workforce reduction expenses and other non-recurring items (b), (c)
78
1.03
35
0.45
Gain on event cancellation insurance claims (d)
—
—
(300
)
(3.83
)
Goodwill and other asset impairments (e)
155
2.05
11
0.14
Gain on de-designated interest rate swaps (f)
—
—
(4
)
(0.05
)
Tax impact of adjustments (g)
(48
)
(0.63
)
18
0.22
Adjusted net income and Adjusted EPS (h)
$
996
$
13.17
$
1,103
$
14.09
(a) Consists of non-cash amortization charges from acquired intangibles.
(b) Consists of workforce reduction expenses, direct and incremental expenses related to acquisitions and divestitures, facility-related exit costs and other non-recurring items.
(c) Includes the amortization and write-off of deferred financing fees, which are recorded in Interest expense, net in the Company’s accompanying Condensed Consolidated Statements of Operations and in the Adjusted EBITDA table above.
(d) Consists of the gain on event cancellation insurance claims for events cancelled in 2020 and 2021.
(e) Includes $150 million of goodwill impairment related to Digital Markets in Q3 2025 in addition to impairment loss for lease related assets, net of a reduction in lease liabilities.
(f) Represents the fair value adjustment for interest rate swaps after de-designation.
(g) The blended effective tax rates on the adjustments were approximately 3% and 32% for the three months ended December 31, 2025 and 2024, respectively, and 15% and 10% for the years ended December 31, 2025 and 2024, respectively.
(h) Adjusted EPS was calculated based on 72.1 million and 78.0 million diluted shares for the three months ended December 31, 2025 and 2024, respectively, and 75.6 million and 78.3 million diluted shares for the years ended December 31, 2025 and 2024, respectively.
Reconciliation - GAAP Cash Provided by Operating Activities to Free Cash Flow
(Unaudited; $ in millions)
Three Months Ended December 31,
Year Ended December 31,
2025
2024
2025
2024
GAAP cash provided by operating activities
$
295
$
335
$
1,290
$
1,485
Cash paid for capital expenditures
(24
)
(24
)
(115
)
(102
)
Free cash flow
$
271
$
311
$
1,175
$
1,383
GARTNER, INC.
Condensed Consolidated Statements of Operations
(Unaudited; in millions, except per share data)
Three Months Ended
December 31,
2025
2024
Revenues:
Insights
$
1,282.8
$
1,246.8
Conferences
286.2
251.3
Consulting
133.6
153.2
Other
50.0
63.8
Total revenues
1,752.6
1,715.1
Costs and expenses:
Cost of services and product development
572.6
574.9
Selling, general and administrative
797.9
771.2
Depreciation
27.9
29.1
Amortization of intangibles
20.0
22.1
Total costs and expenses
1,418.4
1,397.3
Operating income
334.2
317.8
Interest expense, net
(19.1
)
(12.3
)
Other expense, net
(1.3
)
(3.8
)
Income before income taxes
313.8
301.7
Provision (benefit) for income taxes
71.7
(96.9
)
Net income
$
242.1
$
398.6
Net income per share:
Basic
$
3.36
$
5.14
Diluted
$
3.36
$
5.11
Weighted average shares outstanding:
Basic
72.0
77.5
Diluted
72.1
78.0
Source: Gartner, Inc.
Gartner-IR
View source version on businesswire.com: https://www.businesswire.com/news/home/20260203822306/en/
David Cohen
SVP, Investor Relations, Gartner
+1 203.316.6631
investor.relations@gartner.com
Original: Gartner Reports Fourth Quarter 2025 Financial Results
US Market News
4月前
Gartner Appoints Professor Daniela Rus and Edward Bousa to Board of DirectorsJanuary 29, 2026 4:05 PM
Business Wire
Gartner, Inc. (NYSE: IT) today announced that its Board of Directors has appointed Daniela Rus and Edward Bousa to the Board, effective immediately. With the additions of Professor Rus and Mr. Bousa, the Board expands to 13 directors, 12 of whom are independent.
Professor Rus is an internationally recognized expert in artificial intelligence and robotics and a long-serving senior academic at the Massachusetts Institute of Technology (MIT), where she also directs the Computer Science and Artificial Intelligence Laboratory (CSAIL), one of the world’s most prominent centers of information technology research.
Mr. Bousa is a seasoned investment executive with more than three decades of leadership experience in the mutual fund industry. He most recently served as Partner and Team Leader of Quality Value Equity Investment Strategies at Wellington Management, overseeing a global investment team and approximately $90 billion in assets under management.
“Daniela and Edward each bring fresh perspectives, distinguished track records, and deep experience that will further strengthen our Board as Gartner continues executing on its strategic initiatives to drive shareholder value,” said Eugene A. Hall, Gartner Chief Executive Officer and Chairman of the Board. “Professor Rus’s extensive research background and expertise in artificial intelligence, robotics and data science position her well to support the Company’s long-term strategic planning, particularly in the rapidly evolving AI landscape. Additionally, Edward’s decades of investment leadership and global market experience will provide invaluable insights from an investor perspective. I look forward to working alongside them.”
“AI is reshaping how organizations make decisions, and Gartner plays a vital role in helping C-Level executives and their teams understand and apply these technologies effectively,” said Professor Rus. “It’s a privilege to join the Board at this time and I look forward to supporting the Company as it capitalizes on the opportunities ahead.”
“This is an important moment for Gartner as business and technology leaders are navigating an increasingly complex world,” said Mr. Bousa. “Gartner’s actionable, objective business and technology insights set it apart, and I’m pleased to join the Board and contribute to its track record of value creation.”
About Daniela Rus
Professor Rus has more than three decades of experience in senior academic and research leadership in the fields of computer science, robotics, machine learning, and artificial intelligence. She has served as a professor at the Massachusetts Institute of Technology (MIT) since 2004, where she currently holds several positions, including as the MIT Panasonic Professor of Electrical Engineering and Computer Science since 2025, and as Director of the Computer Science and Artificial Intelligence Laboratory (CSAIL) since 2012. From 2019 to 2022, she served as Deputy Dean of Research for the Schwarzman College of Computing at MIT. Prior to joining MIT, she was a professor in the Computer Science Department at Dartmouth College from 1994 to 2004.
Professor Rus has served as a member of the board of directors of Symbotic Inc. since March 2023, where she serves on the Compensation Committee.
About Edward Bousa
Mr. Bousa has more than three decades of experience in senior leadership roles in the mutual fund industry as an investment professional. Mr. Bousa was most recently Partner and Team Leader of Quality Value Equity Investment Strategies at Wellington Management Company LLC, a leading global investment management firm, from 2005 until his retirement in June 2020, after initially joining the firm in 2000. In this role, he led a global investment team as the team’s equity assets under management grew from $20 billion in 2003 to $90 billion prior to his retirement. Prior to Wellington Management, Mr. Bousa served as a vice president and portfolio manager at Putnam Investments, LLC from 1992 to 2000, and as an equity research analyst and portfolio manager at Fidelity Investments, Inc. from 1983 to 1992. Mr. Bousa began his career as a commodity merchant at Louis Dreyfus Corporation from 1980 to 1982.
Mr. Bousa has served as a director of Omnicell, Inc. since July 2021. He has also served as a director of Corebridge Financial, Inc. since August 2024, and is a member of its Audit and Compensation Committees. He previously served as a director of Azenta, Inc. from January 2024 until January 2025, and was a member of its Audit and Environmental, Social and Governance Committees.
About Gartner
Gartner, Inc. (NYSE: IT) delivers actionable, objective business and technology insights that drive smarter decisions and stronger performance on an organization’s mission-critical priorities. To learn more, visit gartner.com.
Source: Gartner, Inc.
Gartner-IR
View source version on businesswire.com: https://www.businesswire.com/news/home/20260129629827/en/
David Cohen
SVP, Investor Relations
Gartner
+1 203.316.6631
investor.relations@gartner.com
Original: Gartner Appoints Professor Daniela Rus and Edward Bousa to Board of Directors
ucantfoolmee
17年前
Gartner Reports Financial Results for Second Quarter 2009
Gartner, Inc. (NYSE: IT), the leading provider of research and analysis on the global information technology industry, today reported results for second quarter 2009. In addition, the Company reiterated its financial outlook for full year 2009.
EPS from continuing operations were $0.18, net income was $17.2 million, and Normalized EBITDA was $44.0 million. See "Non-GAAP Financial Measures" for a discussion of Normalized EBITDA.
Total revenue for second quarter 2009 was $270.0 million. Excluding the impact of foreign exchange, total revenue decreased 16% year-over-year, principally due to lower revenues from the Company’s Events and Consulting segments. Revenue from the Company’s Research segment declined 1% year-over-year, excluding the impact of foreign exchange.
Gene Hall, Gartner's chief executive officer, commented, "During the second quarter of 2009, our businesses performed in-line with our expectations. More importantly, many of our key metrics showed sequential improvement. As compared to the first quarter, we increased new business in Research, added significantly more new client enterprises, improved salesforce productivity and saw improvement in the trends that drive wallet retention. These results reflect a stabilizing of the sales environment, the success of our initiatives to improve operational effectiveness and the tremendous value that we provide to IT professionals. Based on these trends, we expect contract value to grow sequentially in the second half of the year, primarily in the fourth quarter, and we expect to quickly resume revenue and earnings growth once global economic activity returns to more normal levels.”
Business Segment Highlights
Research
Revenue for second quarter 2009 was $183.9 million, down 1% year-over-year excluding the impact of foreign exchange. Gross contribution margin improved approximately 2 percentage points year-over-year to 65%.
Contract value was $736.0 million at June 30, 2009. Excluding the impact of foreign exchange, contract value decreased 3% year-over year.
Client and wallet retention rates for second quarter 2009 were 77% and 86%. Wallet retention excludes the impact of foreign exchange.
Consulting
As previously communicated, the Company entered 2009 and the second quarter with lower Consulting backlog. As a result, revenue for second quarter 2009 was $69.3 million, down 21% year-over-year excluding the impact of foreign exchange. Gross contribution margin was 40%.
Second quarter 2009 utilization was 68% and billable headcount was 459. Backlog was $81.7 million at June 30, 2009.
Events
As part of its previously announced plan to reduce the number of events in 2009 versus 2008, the Company held only 14 events in second quarter 2009 versus 25 in second quarter 2008. This included the elimination of two large Spring Symposium events. These changes negatively impacted year-over-year revenue comparisons for the quarter.
Revenue for the quarter was $16.7 million, down 61% year-over-year excluding the impact of foreign exchange. The 14 events held attracted 5,108 attendees. Gross contribution margin was 33%.
Cash Flow and Balance Sheet Highlights
Gartner generated cash from operations of $47.7 million during second quarter 2009. Capital expenditures were $3.9 million.
During the first half of 2009, the Company deployed its cash principally to repay almost $100 million in debt. As of June 30, 2009, the Company had total debt of $316.5 million and cash of $97.0 million.
Financial Outlook for 2009
Based on its first half 2009 results and current business trends, Gartner reiterated its financial outlook for full year 2009. The Company continues to project 2009 revenue by segment and total revenue as follows. The year-over-year change is presented both as reported and excluding the impact of foreign exchange (FX Neutral):
($ in millions) 2009 Projected Revenue % Change as Reported % Change FX Neutral
Research(1)
$ 737 – 757 (6%) – (3%) (2%) – 1%
Consulting 265 – 295 (24%) – (15%) (21%) – (12%)
Events 98 – 108
(35%) – (28%)
(33%) – (26%)
Total Revenue $ 1,100 – 1,160 (14%) – (9%) (10%) – (6%)
(1)
Projected research revenue includes the revenue of the Company’s “Other” category, which was eliminated in first quarter 2009. For 2008, reported “Other” revenue was $8.3 million.
Based on this revenue outlook, Gartner continues to target full year 2009 Normalized EBITDA of $170 to $200 million, EPS from continuing operations of $0.66 to $0.87, cash flow from operations of $100 to $125 million and capital expenditures of $15 to $20 million. Normalized EBITDA excludes a projected $26 to $28 million of pre-tax expense related to SFAS 123(R).
Conference Call Information
Gartner has scheduled a conference call at 10:00 a.m. ET today, Tuesday, August 4, 2009, to discuss the Company's financial results. The conference call will be available via the Internet by accessing the Company's web site at http://investor.gartner.com. A replay of the webcast will be available for 90 days following the call.
About Gartner
Gartner, Inc. (NYSE: IT) is the world’s leading information technology research and advisory company. We deliver the technology-related insight necessary for our clients to make the right decisions, every day. From CIOs and senior IT leaders in corporations and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to technology investors, we are the indispensable partner to 60,000 clients in 10,000 distinct organizations. Through the resources of Gartner Research, Gartner Executive Programs, Gartner Consulting and Gartner Events, we work with every client to research, analyze and interpret the business of IT within the context of their individual role. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, U.S.A., and has 4,000 associates, including 1,200 research analysts and consultants, and clients in 80 countries. For more information, visit www.gartner.com.
Non-GAAP Financial Measures
Investors are cautioned that normalized EBITDA contained in this press release is not a financial measure under generally accepted accounting principles. In addition, it should not be construed as an alternative to any other measures of performance determined in accordance with generally accepted accounting principles. This non-GAAP financial measure is provided to enhance the user's overall understanding of the Company's current financial performance and the Company's prospects for the future. We believe normalized EBITDA is an important measure of our recurring operations as it excludes items that may not be indicative of our core operating results. Normalized EBITDA is based on operating income, excluding depreciation, accretion on obligations related to excess facilities, amortization, SFAS 123 (R) expense, and Other charges.
Safe Harbor Statement
Statements contained in this press release regarding the growth and prospects of the business, the Company's projected 2009 financial results and all other statements in this release other than recitation of historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially include, but are not limited to ability to expand or even retain the Company's customer base; ability to grow or even sustain revenue from individual customers; ability to attract and retain professional staff of research analysts and consultants upon whom the Company is dependent; ability to achieve and effectively manage growth; ability to pay the Company's debt obligations; ability to achieve continued customer renewals and achieve new contract value, backlog and deferred revenue growth in light of competitive pressures; ability to carry out the Company's strategic initiatives and manage associated costs; substantial competition from existing competitors and potential new competitors; additional risks associated with international operations including foreign currency fluctuations; the impact of restructuring and other charges on the Company's businesses and operations; general economic conditions; and other risks listed from time to time in the Company's reports filed with the Securities and Exchange Commission. These filings can be found on Gartner's Web site at www.gartner.com/investors and the SEC's Web site at www.sec.gov. Forward-looking statements included herein speak only as of the date hereof and the Company disclaims any obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances.
GARTNER, INC.
Condensed Consolidated Statements of Operations
(Unaudited; in thousands, except per share amounts)
Three Months Ended Six Months Ended
June 30, June 30,
2009 2008 2009 2008
Revenues:
Research (a) $ 183,919 $ 198,362 -7 % $ 371,607 $ 389,769 -5 %
Consulting 69,314 94,607 -27 % 139,633 172,725 -19 %
Events 16,738 50,970 -67 % 32,264 71,544 -55 %
Total revenues 269,971 343,939 -22 % 543,504 634,038 -14 %
Costs and expenses:
Cost of services and product development (a) 117,100 156,478 -25 % 233,744 287,079 -19 %
Selling, general and administrative (a) 115,367 133,421 -14 % 230,931 259,666 -11 %
Depreciation 6,338 6,064 5 % 12,813 12,573 2 %
Amortization of intangibles 405 401 1 % 804 815 -1 %
Total costs and expenses 239,210 296,364 -19 % 478,292 560,133 -15 %
Operating income 30,761 47,575 -35 % 65,212 73,905 -12 %
Interest expense, net (4,011 ) (4,960 ) -19 % (8,191 ) (9,675 ) -15 %
Other (expense) income, net (1,132 ) (150 ) >100% (2,378 ) 373 >100%
Income before income taxes 25,618 42,465 -40 % 54,643 64,603 -15 %
Provision for income taxes 8,433 12,337 -32 % 17,462 19,882 -12 %
Income from continuing operations 17,185 30,128 -43 % 37,181 44,721 -17 %
(Loss) income from discontinued operations, net of taxes (b) - (228 ) -100 % - 6,723 >100%
Net income $ 17,185 $ 29,900 -43 % $ 37,181 $ 51,444 -28 %
Income per common share:
Basic:
Income from continuing operations $ 0.18 $ 0.32 -44 % $ 0.39 $ 0.46 -15 %
Income from discontinued operations - - 0 % - 0.07 >100%
Income per share $ 0.18 $ 0.32 -44 % $ 0.39 $ 0.53 -26 %
Diluted:
Income from continuing operations $ 0.18 $ 0.30 -40 % $ 0.39 $ 0.44 -11 %
Income from discontinued operations - - 0 % - 0.07 >100%
Income per share $ 0.18 $ 0.30 -40 % $ 0.39 $ 0.51 -24 %
Weighted average shares outstanding:
Basic 94,370 94,845 -1 % 94,134 96,317 -2 %
Diluted 96,523 98,895 -2 % 96,344 100,252 -4 %
(a)
The Company eliminated its previously reported “Other” revenue line in the first quarter of 2009.
"Other" revenue and related expenses are now being reported in the Research segment.
In addition, certain expenses that were formerly classified as Selling, general and administrative (SG&A)
are now presented in Cost of services and product development (COS) and are considered to be expenses
of the Research segment.
Corresponding prior period presentations of these revenues and expenses have been reclassified
in a consistent manner for comparability purposes.
(b)
2008 includes the results and gain on sale of the Vision Events business, which we sold in February 2008.
BUSINESS SEGMENT DATA (a)
(Dollars in thousands)
Direct Gross Contribution
Revenue Expense Contribution Margin
Three Months Ended 6/30/09
Research (a) $ 183,919 $ 64,454 $ 119,465 65 %
Consulting 69,314 41,678 27,636 40 %
Events 16,738 11,154 5,584 33 %
TOTAL $ 269,971 $ 117,286 $ 152,685 57 %
Three Months Ended 6/30/08
Research (a) $ 198,362 $ 73,117 $ 125,245 63 %
Consulting 94,607 54,072 40,535 43 %
Events 50,970 28,331 22,639 44 %
TOTAL $ 343,939 $ 155,520 $ 188,419 55 %
Six Months Ended 6/30/09
Research (a) $ 371,607 $ 127,411 $ 244,196 66 %
Consulting 139,633 84,977 54,656 39 %
Events 32,264 21,897 10,367 32 %
TOTAL $ 543,504 $ 234,285 $ 309,219 57 %
Six Months Ended 6/30/08
Research (a) $ 389,769 $ 143,079 $ 246,690 63 %
Consulting 172,725 100,853 71,872 42 %
Events (b) 71,544 39,926 31,618 44 %
TOTAL $ 634,038 $ 283,858 $ 350,180 55 %
(a)
The Company eliminated its previously reported “Other” revenue line in the first quarter of 2009.
"Other" revenue and related expenses are now being reported in the Research segment.
In addition, certain expenses that were formerly classified as Selling, general and administrative (SG&A)
are now presented in Cost of services and product development (COS) and are considered to be expenses
of the Research segment.
Corresponding prior period presentations of these revenues and expenses have been reclassified
in a consistent manner for comparability purposes.
(b)
Excludes the results of the Vision Events business, which we sold in February 2008.
SELECTED STATISTICAL DATA
June 30, June 30,
2009 2008
Research contract value $ 735,974 (a) $ 794,153 (a)
Research client retention 77 % 81 %
Research wallet retention (b) 86 % 98 %
Research client organizations 9,882 10,207
Consulting backlog $ 81,727 (a) $ 111,300 (a)
Consulting--quarterly utilization 68 % 75 %
Consulting billable headcount 459 478
Consulting--average annualized revenue
per billable headcount $ 398 (a) $ 489 (a)
Events--number of events for the quarter 14 25
Events--attendees for the quarter 5,108 13,873
(a)
Dollars in thousands.
(b)
Excludes the impact of foreign exchange.
SUPPLEMENTAL INFORMATION
GAAP to Normalized EBITDA Reconciliation
(in thousands)
Reconciliation - GAAP to Normalized EBITDA (1):
Three Months Ended Six Months Ended
June 30, June 30,
2009 2008 2009 2008
Net income $ 17,185 $ 29,900 $ 37,181 $ 51,444
Interest expense, net 4,011 4,960 8,191 9,675
Other expense (income), net 1,132 150 2,378 (373 )
Loss (income) from discontinued operations (2) - 228 - (6,723 )
Tax provision 8,433 12,337 17,462 19,882
Operating income $ 30,761 $ 47,575 $ 65,212 $ 73,905
Normalizing adjustments:
Depreciation, accretion, and amortization 6,922 6,706 13,994 13,883
SFAS No. 123(R) stock compensation expense (3) 6,333 6,424 13,125 13,056
Normalized EBITDA $ 44,016 $ 60,705 $ 92,331 $ 100,844
(1)
Normalized EBITDA is based on operating income excluding depreciation,
accretion on obligations related to excess facilities, amortization of intangibles,
Other charges, and SFAS No. 123(R) expense.
(2)
The six months ended June 30, 2008, includes the gain on sale of the Vision Events business.
(3)
Stock compensation expense represents the cost of stock-based compensation
awarded by the Company to its employees under Statement of Financial Accounting
Standards No. 123(R), "Share-Based Payments"
ucantfoolmee
17年前
Siperian Positioned in Visionaries Quadrant of 2009 Master Data Management for Customer Data
Evaluation Based on Completeness of Vision and Ability to Execute
FOSTER CITY, Calif., June 23 /PRNewswire/ -- Siperian, Inc. - developers of an award-winning master data management (MDM) platform - today announced that the Company has been positioned in the Visionaries quadrant of the Gartner, Inc. (NYSE:IT) 2009 Gartner Magic Quadrant for Master Data Management (MDM) of Customer Data research report.(1) The report evaluates numerous vendors based on a rigorous set of criteria that comprise "completeness of vision" and "ability to execute." In the report, Gartner predicts that the MDM of customer data market will continue to grow for several years, and their estimate is that it will account for approximately $1 billion in software revenue in 2012. To access the full report written by John Radcliffe and published on June 16, 2009, compliments of Siperian, visit http://forms.siperian.com/content/Gartner2009PR
The report noted that "MDM programs potentially encompass the management of customer, product, asset, person or party, supplier and financial masters. As the name suggests, MDM of customer data focuses on the management of the domain relating to customer data, whereas MDM of product data technology focuses on the domain relating to product data."
Siperian MDM Hub(TM) is a true multi-entity MDM platform that supports multiple data domains, including customer, product, employee, location and any other data type, all on the same platform.
With customer data as the platform's core strength, Siperian customers have started their MDM journey with customer entity and then expand the usage to other entities over time for greater value and a higher return on investment. While all of Siperian customers have adopted Siperian MDM Hub to manage their customer-related efforts, nearly half leverage the same platform to expand to other entities such as product. Siperian's flexible, integrated, model-driven MDM platform enables its system integration partners to develop cross-industry, multi-entity MDM solutions delivering fast time to value.
"As a best-in-class provider and the leading multi-domain MDM solution, Siperian enables our clients to handle both operational and analytical MDM by supporting any type of data including customer, product, location and reference data," commented Peter Caswell, president and CEO of Siperian. "In my opinion, our inclusion in the latest MDM report, demonstrates our ongoing commitment to delivering faster time to value, and greater return on investment for our clients."
About the Magic Quadrant
The Magic Quadrant is copyrighted 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose
About Siperian, Inc.
Siperian's Master Data Management (MDM) software platform provides a reliable and unified view of critical customer, product, supplier, and employee data to business users in Global 500 companies across 15 different industries. Through improved access to real-time information from distributed data sources, organizations can achieve higher profitability while reducing operational costs and improving compliance. Siperian's MDM Hub(TM) is a flexible and integrated software platform that significantly lowers total cost of ownership and delivers faster time-to-value and superior return-on-investment. Siperian meets the needs of data intensive companies by enabling them to improve customer relationship management, sales and marketing, regulatory compliance, and order-to-cash processes. With corporate headquarters in Foster City, California, Siperian has offices throughout the United States and in Toronto, Canada; the Company's EMEA operation is headquartered in London. To learn more about Siperian visit http://www.siperian.com/ or call 1-866-747-3742.
(1) Gartner, Inc. "Magic Quadrant for Master Data Management of Customer Data" by John Radcliffe, June 16, 2009
Siperian and Siperian MDM Hub are trademarks of Siperian, Inc. The names of actual companies or products mentioned herein may be the trademarks of their respective owners.
MEDIA CONTACTS: Chris McCoin or Richard Smith McCoin & Smith Communications Inc.
508-429-5988 (Chris) or 978-433-3304 (Rick) or
DATASOURCE: Siperian, Inc.
CONTACT: Chris McCoin, +1-508-429-5988, , or
Richard Smith, +1-978-433-3304, , both of McCoin & Smith
Communications Inc., for Siperian, Inc.
Web Site: http://www.siperian.com/
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