Gartner falls on annual revenue forecast cut

Gartner

05/08/2025 12:43

** Shares of technology research firm Gartner IT.N slide 13% to $293 premarket

** Gartner expects $100 million less from its insights unit in 2025

** To reflect that, company lowers FY total revenue forecast to at least $6.46 billion vs prior projection of $6.54 billion

** Co now expects annual adjusted profit of at least $11.75 per share, up 5 cents from its prior forecast, due to favorable foreign exchange rates

** Reports Q2 revenue of $1.69 billion vs estimates of $1.67 billion - data compiled by LSEG

** Up to last close, stock had fallen 30.5% YTD

 (Reporting by Harshita Mary Varghese in Bengaluru)

 ((HarshitaMary.Varghese@thomsonreuters.com))