Gartner reports Q1 adjusted EPS $3.32, consensus $2,92

Reports Q1 revenue $1.51B, consensus $1.52B. Gene Hall, Gartner’s (IT) Chairman and Chief Executive Officer, commented, “Contract Value accelerated in the quarter. Insights revenue, Adjusted EBITDA excluding divested operation, Adjusted EPS, and free cash flow were ahead of expectations. We repurchased $535 million of stock in the quarter, as our capital allocation continues to create value for our shareholders. In addition, we increased our full year Adjusted EBITDA excluding divested operation, Adjusted EPS, and free cash flow guidance.”