By Rob Curran
Gartner logged first-quarter net income unchanged from a year earlier and cut its 2025 revenue projection, the latest sign of slowing activity in some technology niches.
The technology-focused research-and-consulting firm posted earnings of $211 million, or $2.71 a share, in line with $211 million, or $2.67 a share, a year earlier.
Stripping out certain one-off items, Gartner said adjusted earnings were $2.98 a share, handily beating the mean analyst estimate of $2.72 a share, as tallied by FactSet.
Revenue grew 4.2% to $1.53 billion, compared to the average Wall Street target of $1.54 billion, according to a FactSet survey.
The value of technology sales contracts rose 5.5% to $3.9 billion, on a foreign-exchange neutral basis. The value of business sales contracts rose 11% to $1.2 billion.
For 2025, Gartner now expects revenue of at least $5.335 billion, down from a prior projection of at least $5.365 billion. The biggest reductions in anticipated revenue came from its research-activity and conference-hosting categories.
Write to Rob Curran at rob.curran@wsj.com
(END) Dow Jones Newswires
May 06, 2025 06:24 ET (10:24 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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