Earnings release
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Gartner SECOND QUARTER 2021 HIGHLIGHTS ● ● ● Gartner Reports Second Quarter 2021 Financial Results Total Contract Value $ 3.8 billion , + 10.7 % YoY FX Neutral Revenues : $ 1.2 billion , + 20.0 % as reported ; + 15.9 % FX neutral . Net income : $ 271 million ; adjusted EBITDA : $ 355 million , + 84.9 % as reported , + 75.4 % FX neutral . Diluted EPS : $ 3.13 , + 413.1 % ; adjusted EPS : $ 2.24 , + 86.7 % . Operating cash flow : $ 575 million ; free cash flow : $ 563 million , + 75.1 % . Repurchased 3.1 million common shares for $ 685 million . Board of Directors increased the share repurchase authorization by $ 800 million in July 2021 . STAMFORD , Conn . , August 3 , 2021 Gartner , Inc. ( NYSE : IT ) , the world's leading research and advisory company , today reported results for the second quarter of 2021 and updated its financial outlook for the full year 2021. Additional information regarding the Company's results as well as an updated 2021 financial outlook is provided an earnings supplement available on the Company's Investor Relations website at https : // investor.gartner.com . Gene Hall , Gartner's Chief Executive Officer , commented , " We continued our outstanding financial performance in the second quarter with strength in revenues , EBITDA , margins , and free cash flow . We repurchased over $ 1 billion of stock year - to - date and remain committed to returning excess capital to shareholders . We are raising our guidance to reflect the momentum we saw in the first half of 2021. " CONFERENCE CALL INFORMATION CONSOLIDATED RESULTS HIGHLIGHTS ( Unaudited ; $ in millions , except per share amounts ) The Company will host a webcast call at 8:00 a.m. Eastern time on Tuesday , August 3 , 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 6117156 ) . A replay of the webcast will be available on the Company's website for approximately 30 days following the call . GAAP Metrics : Revenues Net income Diluted EPS Operating cash flow Non - GAAP Metrics : Adjusted EBITDA Adjusted EPS Free cash flow na = not available . Press Release 1 Three Months Ended June 30 , 2020 2021 $ 1,167 $ 271 3.13 575 355 $ 2.24 563 EXHIBIT 99.1 973 55 0.61 343 192 1.20 322 Inc / ( Dec ) Inc / ( Dec ) FX Neutral 20.0 % 392.5 % 413.1 % 67.7 % 84.9 % 86.7 % 75.1 % 15.9 % na na na 75.4 % na na