GARTNER Reports Record Financial Earnings for Q2 of FY2023
August 7, 2023
🌥️Earnings Overview
On August 1st, 2023, GARTNER ($NYSE:IT) announced their financial earnings results for the second quarter of FY2023 (ending June 30th, 2023). The total revenue was up 9.2% year-over-year, reaching USD 1503.2 million; however, net income decreased by 3.3% year-over-year to USD 198.0 million.
Price History
At the close of market trading, GARTNER stock opened at $341.1 and closed at $343.9, representing a 2.7% decline in its prior closing price of $353.6. This marks GARTNER’s highest financial performance for the second quarter in the company’s history. The impressive earnings can be attributed to GARTNER’s strong international presence and its ability to provide services to a wide range of clients. The company has seen an increase in demand for its research services, especially in the areas of information technology and supply chain management.
Additionally, GARTNER’s investment in new product development and digital platforms has allowed it to maintain its market-leading position. In addition to the strong financial performance, GARTNER is also expecting to achieve significant growth in the coming years. With its growing customer base and innovative product offerings, GARTNER is well-positioned to remain at the forefront of the technology industry. Investors should take note of GARTNER’s impressive financial performance and subsequent growth potential. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gartner. GARTNER_Reports_Record_Financial_Earnings_for_Q2_of_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 5.75k | 924.18 | 14.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gartner. GARTNER_Reports_Record_Financial_Earnings_for_Q2_of_FY2023″>More…
| Operations | Investing | Financing |
| 1.12k | 30.19 | -335.63 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gartner. GARTNER_Reports_Record_Financial_Earnings_for_Q2_of_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.36k | 6.77k | 7.41 |
Key Ratios Snapshot
Some of the financial key ratios for Gartner are shown below. GARTNER_Reports_Record_Financial_Earnings_for_Q2_of_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.1% | 37.7% | 22.6% |
| FCF Margin | ROE | ROA |
| 17.4% | 153.2% | 11.0% |
Analysis
At GoodWhale, we recently analyzed GARTNER‘s financials and found it to be a strong company in terms of growth and profitability. After looking at the Star Chart, we saw that GARTNER is performing well in terms of growth and profitability, however, it is weaker in terms of asset and dividends. Furthermore, we found that GARTNER had a high health score of 8/10 given its cashflows and debt, which made us conclude that it has the capability to sustain future operations even in times of crisis. We also classified GARTNER as a ‘gorilla’ – a type of company that we believe has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given its strong financials and position in the market, we believe that GARTNER would be of interest to investors who are looking for long term stability and returns. It might also appeal to passive investors who are looking for investments with strong competitive advantages that may be less volatile than the average stock. More…
Peers
The competition among Gartner Inc, Shenzhen Farben Information Technology Co Ltd, Beijing Philisense Technology Co Ltd, and Beijing E-techstar Co Ltd is heating up as the global market for information technology research and advisory services continues to grow. These companies are all leaders in the industry, with Gartner Inc having the largest market share.
However, its competitors are not far behind and are constantly innovating to catch up. The competition between these companies is beneficial for the industry as a whole, as it drives innovation and growth.
– Shenzhen Farben Information Technology Co Ltd ($SZSE:300925)
Shenzhen Farben Information Technology Co Ltd is a leading provider of information technology services in China. The company has a market cap of 4.66B as of 2022 and a return on equity of 7.31%. Shenzhen Farben Information Technology Co Ltd offers a wide range of services, including software development, website design and development, e-commerce, and data mining. The company has a strong focus on the Chinese market and has a strong customer base.
– Beijing Philisense Technology Co Ltd ($SZSE:300287)
Beijing Philisense Technology Co Ltd is a Beijing-based company that specializes in the production of sensors and other related technology. The company has a market cap of 5.41B as of 2022 and a Return on Equity of -12.14%. Despite its negative ROE, the company’s market cap indicates that it is a large and successful operation. Beijing Philisense Technology Co Ltd’s sensors are used in a variety of industries, including automotive, aerospace, and medical. The company’s products are known for their accuracy and reliability.
– Beijing E-techstar Co Ltd ($SZSE:300513)
Beijing E-techstar Co Ltd is a Chinese holding company. The company operates through its subsidiaries in the areas of real estate development, construction, and management; property investment; hotel operation; and provision of information technology services. As of 2022, the company had a market capitalization of 3.58 billion US dollars and a return on equity of -3.95%.
Summary
Gartner Inc. recently revealed their financial earnings results for Q2 of FY2023, which ended on June 30, 2023. Total revenue saw a positive 9.2% year-over-year increase, reaching a total of USD 1503.2 million. Unfortunately, net income was down 3.3% year-over-year at USD 198.0 million. Investors are advised to take these figures into consideration before making any investment decisions as the company still has potential for growth.
It is also important to note that Gartner reported an increase in cash and cash equivalents, suggesting a healthy financial outlook. In conclusion, Gartner is still a promising investment opportunity and investors should watch the company carefully in the coming quarters.
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