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Gartner FIRST QUARTER 2021 HIGHLIGHTS ● ● ● ● ● Gartner Reports First Quarter 2021 Financial Results Total Contract Value $ 3.7 billion , + 5.8 % YoY FX Neutral Revenues : $ 1.1 billion , + 8.4 % as reported ; + 5.7 % FX neutral . Net income : $ 164 million ; adjusted EBITDA : $ 320 million , + 50.0 % as reported , + 44.2 % FX neutral . Diluted EPS : $ 1.84 , + 121.7 % ; adjusted EPS : $ 2.00 , + 66.7 % . Operating cash flow : $ 157 million ; free cash flow : $ 145 million , + 363.8 % . Repurchased 2.3 million common shares for $ 398 million . Board of Directors increased the share repurchase authorization by $ 500 million in April 2021 . STAMFORD , Conn . , May 4 , 2021 - Gartner , Inc. ( NYSE : IT ) , the world's leading research and advisory company , today reported results for the first quarter of 2021 and updated its financial outlook for the full year 2021. Additional information regarding the Company's results is provided in an earnings supplement available on the Company's Investor Relations website at https://investor.gartner.com . CONFERENCE CALL INFORMATION Gene Hall , Gartner's Chief Executive Officer , commented , " We had an outstanding start to the year with strong growth in contract value , revenue , EBITDA and free cash flow . Given robust demand and effective cost management , we have meaningfully updated our 2021 guidance . We repurchased more than $ 600 million of stock through the end of April reflecting our commitment to return significant amounts of free cash flow to shareholders . " CONSOLIDATED RESULTS HIGHLIGHTS ( Unaudited ; $ in millions , except per share amounts ) GAAP Metrics : Revenues The Company will host a webcast call at 8:00 a.m. Eastern time on Tuesday , May 4 , 2021 to discuss the Company's financial results . The call will be available via the Company's website at https://investor.gartner.com or by dialing 844-413-7151 ( conference ID 2486544 ) . A replay of the webcast will be available on the Company's website for approximately 30 days following the call . Net income Diluted EPS Operating cash flow Press Release Non - GAAP Metrics : Adjusted EBITDA Adjusted EPS Free cash flow na = not available . 1 Three Months Ended March 31 , 2021 $ 1,104 $ 164 1.84 157 320 $ 2.00 145 EXHIBIT 99.1 2020 1,019 75 0.83 56 214 1.20 31 Inc / ( Dec ) 8.4 % 118.5 % 121.7 % 182.2 % 50.0 % 66.7 % 363.8 % Inc / ( Dec ) FX Neutral 5.7 % na na na 44.2 % na na