AI as a Major Growth Opportunity
AI is identified as the single largest demand area for Gartner's clients across various roles and industries. Gartner is rolling out AskGartner, an AI-powered tool for clients, and using AI internally to improve productivity.
Financial Performance and Share Buybacks
Second quarter revenue was $1.7 billion, up 6% year-over-year. EBITDA was $443 million, up 7% as reported. Gartner increased its pace of share repurchases, buying back $274 million in Q2 and an additional $282 million since the end of the quarter.
Contract Value and Revenue Growth
Second quarter contract value grew 5% year-over-year. Global Business Sales contract value was $1.2 billion, up 9% year-over-year.
Conferences and Consulting Growth
Conferences revenue for the second quarter was $211 million, increasing 14% as reported. Consulting revenue was $156 million, up about 9% as reported.