Q4 2024 Gartner Inc Earnings Call Transcript
Key Points
- Gartner Inc (IT) reported financial results ahead of expectations, with fourth-quarter revenue, EBITDA, EPS, and free cash flow surpassing forecasts.
- Contract value grew by 8% in Q4, with Global Technology Sales (GTS) new business increasing by 13% and Global Business Sales (GBS) contract value accelerating to 12%.
- Conferences revenue grew 17% in the fourth quarter, with strong advanced bookings for 2025.
- The company repurchased over $735 million of stock in 2024, demonstrating a commitment to returning capital to shareholders.
- Gartner Inc (IT) continues to leverage AI to enhance productivity and provide valuable insights to clients, positioning itself as a leader in helping enterprises navigate AI innovation.
- Geopolitical polarization and supply chain disruptions continue to pose challenges, impacting the business environment.
- Cybersecurity threats have escalated, adding complexity to the operating environment for Gartner Inc (IT) and its clients.
- The company faces uncertainty in the public sector, particularly with potential changes in the US Federal Government affecting short-term business dynamics.
- The tech vendor market has been volatile, with past cycles being atypical, impacting growth consistency.
- Gartner Inc (IT) anticipates a 2% FX headwind to revenue and EBITDA growth for 2025, which could affect financial performance.
Good morning everyone. Welcome to Gartner's fourth-quarter 2024 earnings call. I'm David Cohen, SVP of Investor Relations. (Event Instructions) After comments by Eugene Hall, Gartner's Chairman and Chief Executive Officer; and Craig Safian, Gartner's Chief Financial Officer. There will be a question-and-answer session. Please be advised that today's conference is being recorded.
This call will included a discussion of fourth-quarter 2024 financial results and Gartner's outlook for 2025, that disclosed in today's earnings release and earnings supplement, both posted to our website investor.gartner.com.
On the call, unless stated otherwise, all references to EBITDA are for adjusted EBITDA with the adjustments as described in our earnings release and supplement.
All contract values and associated growth rates we discussed are based on 2024 foreign exchange rates. All growth rates in Gene's comments are FX neutral unless stated otherwise. All references to share counts are for fully diluted weighted average share
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