Gartner, Inc. (NYSE:IT) Q3 2024 Earnings Conference Call November 5, 2024 8:00 AM ET

Company Participants

David Cohen - SVP, IR
Gene Hall - Chairman & CEO
Craig Safian - CFO

Conference Call Participants

Jeffrey Meuler - Baird
Toni Kaplan - Morgan Stanley
George Tong - Goldman Sachs
Tom Rush - William Blair
Joshua Chan - UBS
Faiza Alwy - Deutsche Bank
Manav Patnaik - Barclays
Surinder Thind - Jefferies
Jeff Silber - BMO Capital Markets
Jason Haas - Wells Fargo

David Cohen

Good morning, everyone. Welcome to Gartner's Third 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 Chairman and Chief Executive Officer; and Craig Safian, Gartner's 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 third quarter 2024 financial results, and Gartner's outlook for 2024 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 with the adjustments as described in our earnings release and supplement.

All contract values and associated growth rates we discuss 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 unless 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 continues to remain resilient in a complex environment. In Q3, contract value grew high-single digits. Financial results for the third quarter were ahead of expectations, and we raised our 2024 guidance for revenue, EBITDA, EPS and free-cash flow.