Gartner, Inc. reported a total revenue of $6.3 billion for the fiscal year ending December 31, 2024, marking a 6% increase from $5.9 billion in 2023. The company's net income rose significantly to $1.3 billion, up from $882.5 million the previous year, resulting in diluted earnings per share of $16.00 compared to $11.08 in 2023. The growth in revenue was driven by increases across all three business segments: Research, Conferences, and Consulting, with Research revenues alone reaching $5.1 billion, a 5% increase year-over-year.
In terms of operational metrics, Gartner's contract value, which reflects the annualized value of all subscription contracts, increased by 8% to $5.3 billion as of December 31, 2024. The company maintained a client retention rate of 84% for its Global Technology Sales segment and 87% for Global Business Sales, indicating stable customer loyalty. The number of in-person conferences held rose to 51 in 2024 from 47 in 2023, with total conference revenues increasing by 15% to $583.2 million. Consulting revenues also saw a 9% increase, reaching $558.5 million, supported by a 17% rise in consulting backlog.
Gartner's strategic initiatives included a settlement agreement concerning event cancellation insurance claims, which resulted in a $300 million gain in 2024. The company also reported a decrease in interest expenses, attributed to higher cash balances and increased interest income. However, operating income decreased by 7% to $1.16 billion, primarily due to the prior year's gain from the sale of its TalentNeuron business and rising operational costs.
The company’s workforce expanded to 21,044 employees globally, with a notable increase in quota-bearing sales associates, which rose by 6% across its Global Technology and Business Sales segments. Gartner's commitment to enhancing its product offerings and client engagement remains a focal point, as evidenced by its ongoing investments in research and development.
Looking ahead, Gartner anticipates continued growth driven by its subscription-based business model and strategic initiatives aimed at expanding its market presence. The company remains vigilant regarding potential economic headwinds, including inflation and geopolitical tensions, which could impact future performance.
About GARTNER INC
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.