Gartner, Inc. (NYSE:IT) Q2 2024 Results Conference Call July 30, 2024 8:00 AM ET

Company Participants

David Cohen - Senior Vice President, Investor Relations
Gene Hall - Chairman and Chief Executive Officer
Craig Safian - Chief Financial Officer

Conference Call Participants

Jeff Meuler - Baird
Toni Kaplan - Morgan Stanley
Andrew Nicholas - William Blair
Heather Balsky - Bank of America Securities
Josh Chan - UBS
Brendan Popson - Barclays
Surinder Thind - Jefferies
George Tong - Goldman Sachs
Jeff Silber - BMO Capital Markets

David Cohen

Good morning, everyone. Welcome to Gartner's Second Quarter 2024 Earnings Call. I'm David Cohen, SVP of Investor Relations. 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. Please be advised that today's conference is being recorded.

This call will include a discussion of second quarter 2024 financial results and Gartner's outlook for 2024 is 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 for adjusted EBITDA, with the adjustments as described in our earnings release and supplement, our contract values and associated growth rates discussed are based on 2024 foreign exchange rates. 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 as stated otherwise.

Reconciliations for all non-GAAP numbers we use are available in the Investor Relations section of the gartner.com website. 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 2023 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 Chairman and Chief Executive Officer, Gene Hall.

Gene Hall

Good morning, and thanks for joining us today. Gartner remains resilient in a complex environment. In Q2, contract value grew high-single digits. Financial results for the second quarter were ahead of expectations, and we delivered strong profitability and free cash flow.