Gartner, Inc.'s (IT) CEO Gene Hall on Q2 2022 Results - Earnings Call Transcript

Gartner, Inc. (NYSE:IT) Q2 2022 Earnings Conference Call August 2, 2022 8:00 AM ET

Company Participants

Gene Hall – Chief Executive Officer

Craig Safian – Chief Financial Officer

Conference Call Participants

Jeff Meuler – Baird

Heather Balsky – Bank of America

George Tong – Goldman Sachs

Greg Parrish – Morgan Stanley

Andrew Nicholas – William Blair

Seth Weber – Wells Fargo

Operator

Welcome to Gartner's Second Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. After comments by Gene Hall, Gartner's Chief Executive Officer; and Craig Safian, Gartner's Chief Financial Officer. There will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

This call will include a discussion of second quarter 2022 financial results. And Gartner's updated outlook for 2022 as disclosed in today's earnings release and earnings supplement both posted to our website, investor.gartner.com. On the call unless stated otherwise all references to EBITDA are for adjusted EBITDA, but the adjustments is described in our earnings release and the supplement. All growth rates in Gene's comments are FX-neutral, unless stated otherwise. All references to share counts are for fully diluted weighted average share counts, unless stated otherwise.

Reconciliations for all non-GAAP numbers we use are available in the Investor Relations section of the gartner.com website. Finally, all contract values and associated growth rates we discuss are based on 2022 foreign exchange rates unless stated otherwise.

As set forth in more detail in today's earnings release, certain statements made on this call may constitute forward-looking statements. Forward-looking statements can vary materially from actual results and are subject to a number of risks and uncertainties, including those contained in the company's 2021 annual report on Form 10-K and quarterly reports on Form 10-Q, as well as in other filings with the SEC. I encourage all of you to review the risk factors listed in these documents.

Now, I will turn the call over to Gartner's Chief Executive Officer, Gene Hall.

Gene Hall

Good morning. Thanks for joining us. Gartner had a strong performance in the second quarter. We delivered double-digit growth in contract value, revenue, EBITDA and EPS, and we continue to return excess capital to our shareholders through our buyback programs. Research continues to be our largest and most profitable segments. Gartner Research provides actual objective insight to executives and their teams across all major enterprise functions in every industry around the world.