AI Opportunities and Initiatives
AI is identified as the largest demand area for Gartner's clients, spanning various roles. The company is rolling out AskGartner, an AI-powered tool for clients, and has developed over 50 AI applications internally to enhance productivity.
Financial Performance Exceeds Expectations
Second quarter revenue was $1.7 billion, up 6% year-over-year. EBITDA was $443 million, up 7%, with adjusted EPS up 10% from the previous year. Free cash flow was $347 million.
Strong Share Repurchases
Gartner repurchased $274 million in shares during Q2 and an additional $282 million since the end of the quarter, totaling approximately $720 million year-to-date.
Conferences and Consulting Growth
Conferences revenue increased 14% year-over-year, and Consulting revenue grew about 9% compared to the previous year.