Gartner Updates 2015 Guidance

(RTTNews) - Gartner, Inc. (IT) updated its full year 2015 projections for revenues, EPS, Normalized EBITDA, and cash flows. The company now expects its total revenue in a range of $2.15 billion to $2.19 billion, GAAP earnings per share in a range of $1.97 to $2.07; and earnings per share excluding acquisition adjustments in a range of $2.29 to 2.39.

In July, the company projected its 2015 earnings in a range of $2.11 to $2.30 per share, and in a range of $2.27 to $2.46 per share, excluding acquisition adjustments. Total revenue was expected in a range of $2.150 to $2.205 billion.

For third quarter 2015, total revenue was $500.2 million, an increase of 6% over third quarter 2014 and 13% excluding the foreign exchange impact. Normalized EBITDA was $79.8 million for third quarter 2015, an increase of 7%. Earnings per share excluding acquisition adjustments was $0.45 in third quarter 2015 compared to $0.44 in third quarter 2014.