AI English summary of an SEC filing — figures as filed
Gartner ITThe company said total revenues for 2023 were $5.9 billion, an increase of 8% from 2022. Net income was $882.5 million (2022: $807.8 million), and diluted earnings per share was $11.08 (2022: $9.96).
Key points
AI summaryThe company said total revenues for 2023 were $5.9 billion, an increase of 8% from 2022. Net income was $882.5 million (2022: $807.8 million), and diluted earnings per share was $11.08 (2022: $9.96).
Gartner said it sold its non-core TalentNeuron business for about $161.1 million in February 2023, recognizing a pre-tax gain of $135.4 million. TalentNeuron was part of the Research segment. The company cited the gain on the sale as the main driver of the increases in operating income and net income.
The company reported Research revenues of $4.9 billion in 2023 (up 6%), Conferences revenues of $505.2 million (up 30%) and Consulting revenues of $514.7 million (up 7%). Gross contribution margin was 74% for Research and 50% in 2022 and 35% in 2022 for Conferences and Consulting, respectively, 54% and 39% .
Gartner said cash provided by operating activities was $1.2 billion in 2023 (2022: $1.1 billion). As of December 31, 2023, it had cash and cash equivalents of $1.3 billion and about $1.0 billion of available borrowing capacity on its revolving credit facility. It also repurchased 1.8 million shares of its common stock for about $0.6 billion in 2023.
Key figures
Fiscal year ended December 31, 2023
- Revenue
- $5.9B
- Operating income
- $1.2B
- Net income
- $882M
- EPS
- $11.08
- Operating cash flow
- $1.2B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Annual Revenue, Net Income and Diluted EPS
The company said total revenues for 2023 were $5.9 billion, an increase of 8% from 2022. Net income was $882.5 million (2022: $807.8 million), and diluted earnings per share was $11.08 (2022: $9.96).
Source · Based on the MD&A text of the filing
TalentNeuron Divestiture and Pre-Tax Gain
Gartner said it sold its non-core TalentNeuron business for about $161.1 million in February 2023, recognizing a pre-tax gain of $135.4 million. TalentNeuron was part of the Research segment. The company cited the gain on the sale as the main driver of the increases in operating income and net income.
Source · Based on the MD&A text of the filing
Segment Revenue and Gross Contribution Margin
The company reported Research revenues of $4.9 billion in 2023 (up 6%), Conferences revenues of $505.2 million (up 30%) and Consulting revenues of $514.7 million (up 7%). Gross contribution margin was 74% for Research and 50% in 2022 and 35% in 2022 for Conferences and Consulting, respectively, 54% and 39% .
Source · Based on the MD&A text of the filing
Operating Cash Flow, Liquidity and Share Repurchases
Gartner said cash provided by operating activities was $1.2 billion in 2023 (2022: $1.1 billion). As of December 31, 2023, it had cash and cash equivalents of $1.3 billion and about $1.0 billion of available borrowing capacity on its revolving credit facility. It also repurchased 1.8 million shares of its common stock for about $0.6 billion in 2023.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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