IT
P/E (ttm): 29.34
PERIOD ENDING ....31-Dec-07. 30-Sep-07. 30-Jun-07. .31-Mar-07
Retained Earnings ..322,557 .. 283,739. . 271,244... 257,196 <---
Total Revenue ......348,391 . 273,119 . 303,491.. 264,197
Sale (Buy) Stock.. (98,750).. (31,446)..... 8,849 . (11,017) <<====
Net Borrowings..... 25,833 ... 8,167 . (46,167).... 34,910
http://stockcharts.com/charts/gallery.html?it
<--{ big ol' gap to
backfill at $15.50]
Short % of Float (as of 11-Mar-08): 6.90%
Qtrly Revenue Growth (yoy): 14.60% <---V.G.
Qtrly Earnings Growth (yoy): 72.00% <-----------xlnt
Total Debt (mrq): 394.00M <---------33% of revenue....bzzzzzt
Gartner, Inc. provides independent and objective research and analysis on
information technology (IT), computer hardware, software, communications,
and related technology industries. It operates in three segments:
Research, Consulting, and Events. The Research segment offers research
content and advice for IT professionals, technology companies, and the
investment community in the form of re****ts and briefings, as well as
peer networking services and member****p programs designed for chief
information officers (CIOs) and other senior executives. The Consulting
segment consists of consulting, measurement engagements, and strategic
advisory services, which provide *****sments of cost, performance,
efficiency, and quality focused on the IT industry. The Events segment
consists of various symposia, conferences, and exhibitions focused on the
IT industry, as well as conferences on specialized topics, such as
security, outsourcing, wireless technology, and the impact of IT on the
public sector, utilities, media, and financial services industries
worldwide. Gartner also involves in research reprints and software
licensing. It operates primarily in the United States, Canada, Europe,
the Middle East, and Africa. The company was founded in 1979 and is
headquartered in Stamford, Connecticut.
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FROM THE 10K ANNUAL RE****T:
EXECUTIVE SUMMARY OF OPERATIONS AND FINANCIAL POSITION
During 2007 we continued to execute on the strategy we launched in 2005
to accelerate the growth of our Research business while at the same time
maintaining the growth and profitability of our Consulting and Events
businesses. The cornerstones of this strategy are to produce
extraordinary research content, deliver innovative and highly
differentiated product offerings, enhance our sales capability, provide
world class client service and improve operational effectiveness. The
success of this strategy is evident in our 2007 financial results, which
includes total revenue growth of 12%, earnings per share growth of 36%
and cash flow from operations growth of 40%. We had net income of $73.6
million in 2007, or $0.68 per diluted share, compared to $0.50 per
diluted share for the prior year. The $0.68 per diluted share for 2007
includes a net charge of $(0.04) recorded in the second quarter of 2007
for certain non-operating and other items. We generated $148.3 million of
operating cash flow in 2007, and we ended the year with $109.9 million in
cash. In our Research business we executed on our strategy of
accelerating growth by introducing new and innovative product offerings
and expanding our sales force. Revenue was up 18% in 2007, with growth
occurring across our entire product ****tfolio and geographic regions. Our
sales force of 806 associates is up approximately 22% over the prior year
end. Research contract value was $752.5 million at December 31, 2007, up
18% from the prior year end, and was up 14% excluding the impact of
foreign currency. Contract value increased at least 18% in each of the
four quarters of 2007 on a year-over-year basis, reflecting the
successful execution of our strategy to accelerate the growth of our
Research business. Both our Research client retention rate and wallet
retention rate remained strong at 82% and 101%, respectively.
In our Consulting business we continue to focus on achieving maximum
profitability by targeting the most profitable accounts and geographies.
Revenue from our Consulting business was up 6% in 2007, to $325.0
million, despite lower headcount. Consulting backlog at December 31, 2007
was $121.4 million, up 11% from the $109.6 at December 31, 2006. The
consultant utilization rate increased 5 points in 2007, to 69% from 64%
in the prior year, reflecting improved engagement management and reduced
headcount. The hourly billing rate remained above $350 per hour while the
average annualized revenue per billable headcount was up approximately 5%
from the prior year. Billable headcount was 472 at December 31, 2007,
down about 10% year-over-year, primarily due to the exit from our Asian
consulting operations.
Our Events business strategy is to continue to focus on managing the
Events ****tfolio by retaining successful events that are content driven
and introducing promising new events that will yield greater
profitability, while eliminating less profitable and less attended
events. Events revenue for 2007 was up 7%, with 78 events held in the
year as compared to 74 in the prior year, with attendance up about 8%. In
furtherance of our Events strategy, on February 20, 2008 we announced
that we had contracted to sell our Vision Events ****tfolio of events (See
Note 15 - Subsequent Events in the Notes to the Consolidated Financial
Statements).
---------
NEWS ITEM:
http://biz.yahoo.com/bw/080221/20080221005187.html?.v=1
Thursday February 21, 7:00 am ET
STAMFORD, Conn.--(BUSINESS WIRE)--Gartner, Inc. announced it has signed
an agreement to sell its Vision Events ****tfolio to CMP, a media and
marketing solutions company serving the technology industry and a
subsidiary of United Business Media (UBM.L). The transaction is expected
to be completed within the next two weeks.
Gene Hall, Gartner's chief executive officer, said, "The sale of Vision
Events is consistent with our strategy to focus on content driven event
formats where we have a greater competitive advantage."
A transition team has been formed that contains senior Gartner and CMP
managers. This team will implement a comprehensive plan to ensure the
seamless transition of Vision Events and its 2008 events ****tfolio to
CMP.
Beginning in first quarter 2008, Gartner expects to account for Vision
Events as a discontinued operation. In 2007, the business generated
revenue of approximately $21 million, Normalized EBITDA of approximately
$4 million and earnings per share of approximately $0.02. Excluding
Vision Events, Gartner’s global events business delivered 62 events and
generated revenues of $160 million in 2007.
[[[[[[[[[SO THEY SOLD 12 DOGS TO CMP]]]]]]]]]]
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