IT research firm Gartner lifts annual forecast on steady demand

Gartner

04/11/2025 12:38

Nov 4 (Reuters) - Gartner IT.N raised its full-year earnings and revenue forecasts on Tuesday, driven by steady demand for its IT research and advisory services as companies assess technology upgrades and AI adoption plans.

Shares of the Stamford, Connecticut-based firm rose 3.8% in premarket trading.

Gartner now expects adjusted earnings of $12.65 per share in the full year, up from its previous guidance of $11.75 per share. Analysts on average were anticipating earnings of $12.21 per share, according to data compiled by LSEG.

The company projected total revenue for 2025 to be $6.48 billion, up from its prior forecast of $6.46 billion.

Gartner's research has become a critical piece in technology planning and vendor evaluation processes across a wide range of industries, supported by its large data sets and domain expertise.

The company's broad portfolio of research, consulting and conferences have driven demand. Gartner's tight control of costs have also supported profits and shareholder returns, bolstering the company's standing in the market.

In the quarter ended September 30, its adjusted earnings stood at $2.76 per share, beating estimates of $2.43 per share. Gartner saw a 3% increase in total contract value to $5 billion.

The company reported a 5.1% increase in revenue to $1.27 billion from its insights segment - its biggest unit. In the third quarter, Gartner restructured its financial reporting to exclude revenue from digital markets operations from the segment.

Gartner reported third-quarter revenue of $1.52 billion, in line with the analysts' expectations.

 (Reporting by Arnav  Mishra; Editing by Maju Samuel)

 ((Arnav.Mishra@thomsonreuters.com;))