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AI English summary of an SEC filing — figures as filed

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The company said it reported revenue of $1,595 million for Q2 2024 (3 months), up 6.1% (6.9% on an FX neutral basis). Net income rose 15.9% to $230 million, and diluted EPS increased 18.1% to $2.93.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it reported revenue of $1,595 million for Q2 2024 (3 months), up 6.1% (6.9% on an FX neutral basis). Net income rose 15.9% to $230 million, and diluted EPS increased 18.1% to $2.93.

  2. Gartner said adjusted EBITDA for Q2 2024 rose 8.2% to $416 million (9.8% on an FX neutral basis), and adjusted EPS increased 13.0% to $3.22. Contract value was $4.9 billion, up 7.4% on an FX neutral basis.

  3. The company reported that operating cash flow for Q2 2024 (3 months) fell 15.1% to $370 million, and free cash flow decreased 17.0% to $341 million. The prior-year figures were $436 million and $410 million, respectively.

  4. Gartner said it repurchased 0.8 million shares for $340 million in Q2. The Board of Directors approved an additional $600.0 million share repurchase authorization on July 25, 2024, and the remaining balance under the previous $4.7 billion authorization was approximately $450.0 million as of the end of July.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q2 2024 Revenue, Net Income and Diluted EPS

The company said it reported revenue of $1,595 million for Q2 2024 (3 months), up 6.1% (6.9% on an FX neutral basis). Net income rose 15.9% to $230 million, and diluted EPS increased 18.1% to $2.93.

Source · Based on the filing body and exhibits

Adjusted EBITDA, Adjusted EPS and Contract Value

Gartner said adjusted EBITDA for Q2 2024 rose 8.2% to $416 million (9.8% on an FX neutral basis), and adjusted EPS increased 13.0% to $3.22. Contract value was $4.9 billion, up 7.4% on an FX neutral basis.

Source · Based on the filing body and exhibits

Q2 Operating and Free Cash Flow Decline

The company reported that operating cash flow for Q2 2024 (3 months) fell 15.1% to $370 million, and free cash flow decreased 17.0% to $341 million. The prior-year figures were $436 million and $410 million, respectively.

Source · Based on the filing body and exhibits

Q2 Share Repurchases and $600 million Authorization Increase

Gartner said it repurchased 0.8 million shares for $340 million in Q2. The Board of Directors approved an additional $600.0 million share repurchase authorization on July 25, 2024, and the remaining balance under the previous $4.7 billion authorization was approximately $450.0 million as of the end of July.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.