Gartner Inc (IT) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.61 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.16. Analysts had a consensus of $0.45. The company posted revenue of $557.30 million in the period, compared to analysts expectations of $540.55 million. The company’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Many Wall Street Analysts have commented on Gartner Inc. Gartner Inc was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016.
Gartner Inc opened for trading at $86.62 and hit $87.89 on the upside on Wednesday, eventually ending the session at $87.59, with a gain of 0.55% or 0.48 points. The heightened volatility saw the trading volume jump to 3,03,993 shares. Company has a market cap of $7,212 M.
In a different news, on Nov 25, 2015, Mr Thomas Christopher (SVP, EXP) sold 3,200 shares at $89.28 per share price. According to the SEC, on Nov 25, 2015, Alwyn Dawkins (SVP, Events) sold 2,294 shares at $90.00 per share price. On Nov 24, 2015, Peter Sondergaard (SVP, Research) sold 9,336 shares at $88.51 per share price, according to the Form-4 filing with the securities and exchange commission.
Gartner Inc. is an information technology (IT) research and advisory company. The Company has three business segments: Research Consulting and Events. Research segment provides objective insight on critical and timely technology and supply chain initiatives for CIOs (Chief Information Officers) other IT professionals supply chain leaders digital marketing professionals technology companies and the institutional investment community through reports briefings tools access to its analysts peer networking services and membership programs. Consulting segment provides customized solutions to client needs through on-site day-to-day support as well as tools for measuring and improving IT performance with a focus on cost performance efficiency and quality. Events segment provides IT supply chain and business professionals the opportunity to attend various symposia conferences and exhibitions to learn contribute and network with the peers.