Gartner, a leading research company and host of information technology-focused conferences, has raised its full-year sales forecast and adjusted earnings outlook for the year. This positive update reflects the healthy contracts on Gartner's books and the strong performance across all three of its businesses.
Increased Revenue Target
Gartner is now targeting total revenue of at least $5.89 billion, surpassing the previous outlook of at least $5.85 billion issued in August. This increase includes a $20 million boost in the annual revenue target for its core research business. Additionally, the sales targets for its smaller conferences business and consulting unit have both been raised by $10 million each.
Higher Adjusted Earnings Projection
In addition to the improved revenue forecast, Gartner is now aiming for full-year adjusted earnings of at least $10.90 a share, up from the previous outlook of at least $10 a share.
This optimistic outlook demonstrates Gartner's confidence in its ability to deliver strong results and continue its growth trajectory.
Gartner Raises Sales Forecast and Adjusted Earnings Outlook for the Year
Gartner, the research company known for its information technology-focused conferences, has increased its full-year sales forecast across all three of its businesses. The company now aims for total revenue of at least $5.89 billion, up from its previous outlook of at least $5.85 billion.
Increased Revenue Targets
In its core research business alone, Gartner has raised its annual revenue target by $20 million. This increase reflects the successful acquisition of healthy contracts. Additionally, the sales targets for the company's smaller conferences business and consulting unit have each been increased by $10 million.
Adjusted Earnings Outlook
Gartner is focused on achieving full-year adjusted earnings of at least $10.90 per share. This is an improvement from its previous outlook of at least $10 per share.
Gartner continues to prioritize growth and maintain strong performance across its various business sectors.
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