Gartner lifts annual earnings forecast on stable demand for research, consulting

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N.S. flood victim surprised by apartment makeover | SaltWire - Information Technolgy Consultant Gartner Inc beat third-quarter results estimates on Friday and nudged up its annual earnings forecast, as it benefits from stable demand for its research and consulting services. Gartner, a dominant player in the data and analytics market, posted revenue of $1.41 billion for the third quarter, beating analysts' average estimate of $1.39 billion, according to LSEG data.

Gartner expects adjusted earnings for the year to be $10.9 per share, up 90 cents per share from its previous projection. Gartner, whose clients include payment solutions provider PayPal and media company Comcast, said its consulting segment saw a rise of 24% to $133 million.

 

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