IT - Gartner, Inc.

NYSE - NYSE Delayed Price. Currency in USD
165.79
-2.76 (-1.64%)
At close: 4:02PM EDT

165.79 0.00 (0.00%)
After hours: 5:19PM EDT

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Previous Close168.55
Open169.88
Bid166.21 x 1100
Ask166.27 x 1000
Day's Range165.71 - 169.92
52 Week Range120.89 - 171.36
Volume283,167
Avg. Volume356,052
Market Cap14.936B
Beta (3Y Monthly)1.45
PE Ratio (TTM)93.40
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date1999-07-19
1y Target EstN/A
Trade prices are not sourced from all markets
  • Microsoft Shares Rise to Record After Strong Earnings Report
    Bloomberg13 hours ago

    Microsoft Shares Rise to Record After Strong Earnings Report

    (Bloomberg) -- Microsoft Corp. rose to a record after topping quarterly sales and profit projections, fueled by steady demand for cloud-computing services and a surprisingly strong Windows business. The company’s forecast promised robust growth will continue into next year.The software maker pledged “double-digit” percentage gains in sales and operating income for the year that started July 1. Results are getting a boost from larger deals for its Azure web services and brisk adoption of internet-based Office programs. Given Microsoft’s “strong ambition,” it plans to increase operating expenses by 11% to 12% for the fiscal year, and will raise capital spending to build out data centers, Chief Financial Officer Amy Hood said.The shares rose as much as 3.1% to $140.67, the highest intraday on record. Several analysts raised their price targets for the stock Friday and Canaccord Genuity described it as “more expensive than it has been since 2000.”Chief Executive Officer Satya Nadella has centered Microsoft’s strategy on cloud services, seeking to narrow the gap with market leader Amazon.com Inc. As more customers move storage and computing tasks to remote servers owned by Microsoft and upgrade their aging business software, the company has been leveraging its broad product line by getting them to sign up for both Azure and newer products like Microsoft 365 -- a subscription package of Office 365 cloud software, Windows 10 and security programs.“Everything has been going well for them,” said Sid Parakh, a portfolio manager at Becker Capital Management, which counts Microsoft as its biggest holding. “It’s the structural winner right now -- as more and more companies move to the cloud, it’s largely Amazon and Microsoft in the running for those deals.”Profit before certain items in the fourth quarter, which ended June 30, rose to $1.37 a share, compared with the $1.22 average forecast of analysts polled by Bloomberg. Revenue increased 12% to $33.7 billion, the Redmond, Washington-based company said Thursday in a statement, compared with the $32.8 billion projection. Net income in the quarter was $13.2 billion, or $1.71 a share.The stock has jumped this year on optimism about the company’s cloud business, and on some investors’ belief that Microsoft is a safe haven as U.S. and European regulators sharpen their scrutiny of other large technology firms. The gains have made Microsoft the most-valuable public company, with a market capitalization of more than $1 trillion.“Microsoft is brimming with confidence in cloud growth on the heels of Azure and Office 365 success,” said Dan Ives, an analyst at Wedbush Securities. “The Street will be loudly applauding this forecast.”In the fourth quarter, commercial cloud revenue -- a measure of sales from Azure, internet-based versions of Office software and some smaller products -- rose 39% from a year earlier to $11 billion. Profit margins in the business widened by 6 points to 65%.Sales of Office 365 software to businesses jumped 31%. Azure cloud sales rose 64%, compared with 73% growth in the previous quarter and 76% in the one before that. That continued deceleration has caused some concern among investors -- Azure revenue was routinely more than doubling as recently as two years ago. Still, swelling profit margins in cloud have helped to offset those worries. Margins will continue to widen in the new fiscal year, Hood said on a conference call.Since the close of the quarter, Microsoft signed new cloud deals with Providence St. Joseph Health and ServiceNow Inc., which said it will use Azure to deliver cloud products to some government customers -- the first time that company has used third-party data centers for its business.Worldwide public-cloud services sales are expected to grow 17.5% this year to $214.3 billion, according to Gartner Inc. In the infrastructure part of the market, Amazon and Microsoft are increasingly pulling away from other competitors -- although Azure remains several times smaller than Amazon Web Services. Meanwhile, Microsoft’s Office cloud business puts it in the lead in area of web-based applications.Revenue in the company’s productivity and business unit, which includes the Office suite of programs like Word, Excel and PowerPoint, rose 14% in the quarter to $11 billion, exceeding analysts’ average estimate of $10.7 billion. Sales from the Intelligent Cloud division, made up of Azure and server software, jumped 19% to $11.4 billion -- the first quarter the unit has been Microsoft’s biggest by revenue.The unit known as More Personal Computing, including Windows software, Surface hardware and Xbox gaming products, saw revenue climb 4% to $11.3 billion in the recent period.Global shipments of personal computers increased 1.5% in the June quarter, Gartner said last week, fueled by businesses upgrading to the latest Windows operating system. Support for Windows 7 is ending in January, meaning companies need to upgrade to Windows 10. The older software’s expiration is also helping boost sales of the Microsoft 365 bundle as the company persuades customers to switch to internet-based subscriptions rather than one-time licenses.Sales of Windows to PC makers in the quarter were better than expected, rising 9% overall and 18% for the pricier professional editions, Microsoft said, far outpacing the overall PC market. Four points of the growth in Pro revenue was also because PC makers are stocking up ahead of tariffs related to a U.S.-China trade war, said Mike Spencer, Microsoft general manager for investor relations, in an interview. Other than that, Microsoft hasn’t seen any notable impact from U.S.-China trade tensions.Microsoft’s net income benefited from a $2.6 billion tax gain, which came as the company moved intellectual property to the U.S. to comply with the 2017 Tax Cuts and Jobs Act. While the gain is being recognized up front in the recent quarter, the company will face a higher tax rate in coming quarters, Spencer said.To contact the reporter on this story: Dina Bass in Seattle at dbass2@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PC Shipments Bounce Back in Q2: LNVGY, HPQ & More in View
    Zacks8 days ago

    PC Shipments Bounce Back in Q2: LNVGY, HPQ & More in View

    Here's a sneak peek of the worldwide PC market performance in the second quarter of 2019, per IDC and Gartner report.

  • Lenovo fuels the first PC sales increase in six months
    Engadget8 days ago

    Lenovo fuels the first PC sales increase in six months

    The PC market has been pretty gloomy of late, but global shipments went up by at least 1.5 percent after two down quarters, according to Gartner and IDC. The growth was driven in part by the latest Windows 10 refresh and an easing of the Intel CPU shortage, which has adversely affected PC sales for the last 18 months. IDC and Gartner count shipments slightly differently, but IDC saw "high single-digit" US growth and Gartner saw a slight sales decline stateside.

  • Bloomberg9 days ago

    Global PC Shipments Rise as China's Lenovo Secures Top Spot

    (Bloomberg) -- Worldwide shipments of personal computers increased 1.5% in the second quarter, fueled by businesses upgrading to the latest Windows software from Microsoft Corp. China-based Lenovo Group Ltd. held the No. 1 spot over U.S. rival HP Inc. amid a trade war between the two countries.PC shipments increased to 63 million units in the period ended June 30 from 62 million in the quarter a year earlier, researcher Gartner Inc. said Thursday in a report. Robust corporate demand offset a decline in notebook shipments, Gartner said. Lenovo shipped almost 16% more PCs year-over-year, giving the company a quarter of the global market.Industry research firm IDC estimated PC shipments climbed 4.7% in the most recent period, with vendors putting out 65 million devices worldwide."The threat of increased tariffs led some PC makers to ship a surplus of desktops and notebooks, thereby artificially propping up the PC market during the second quarter," said Jitesh Ubrani, a research manager at IDC.Computer makers have struggled to navigate global trade tensions. They already operate with low profit margins, and many of them have shuffled their supply chains in response to U.S. tariffs on some components. Dell Technologies Inc. and HP are reportedly considering moving 30% of their notebook production out of China.Dell came in third place in the global PC race, with 17% of the market after HP’s 22%. Apple Inc.’s PC shipments narrowly declined in the most recent period, and the company held the fourth spot with about 6% of the market.(Updates with estimates from IDC in third paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Gartner, Inc.'s (NYSE:IT) 19% ROE Better Than Average?
    Simply Wall St.9 days ago

    Is Gartner, Inc.'s (NYSE:IT) 19% ROE Better Than Average?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • ACN vs. IT: Which Stock Should Value Investors Buy Now?
    Zacks10 days ago

    ACN vs. IT: Which Stock Should Value Investors Buy Now?

    ACN vs. IT: Which Stock Is the Better Value Option?

  • Is Gartner Inc (IT) A Good Stock To Buy?
    Insider Monkey26 days ago

    Is Gartner Inc (IT) A Good Stock To Buy?

    Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]

  • Gartner finds RPA is fastest growing market in enterprise software
    TechCrunch26 days ago

    Gartner finds RPA is fastest growing market in enterprise software

    If you asked the average person on the street what Robotic Process Automationis, most probably wouldn't have a clue

  • NVEE vs. IT: Which Stock Is the Better Value Option?
    Zackslast month

    NVEE vs. IT: Which Stock Is the Better Value Option?

    NVEE vs. IT: Which Stock Is the Better Value Option?

  • Walmart’s Kickstarting a $1 Trillion Driverless Delivery Market
    Bloomberglast month

    Walmart’s Kickstarting a $1 Trillion Driverless Delivery Market

    (Bloomberg) -- Walmart Inc. came to dominate retailing through its mastery of logistics—the complicated choreography of getting goods from farm or factory to the consumer. But even the world’s biggest store doesn’t make money selling its wares online in the U.S., largely due to runaway shipping costs. So Walmart is turning to robots.On a drizzly morning earlier this month, Walmart’s U.S. chief Greg Foran led reporters to a curbside package pickup kiosk outside its supercenter in Rogers, Arkansas. Idling there were three Ford delivery vans outfitted with self-driving technology developed by a Gatik, a Silicon Valley startup charged with a trial run aimed at cutting Walmart’s middle-mile shipping costs in half. Going driverless in pursuit of profit is a “no-brainer,” Foran said.As the buzz about human-carting robo-taxis starts to short-circuit, an unheralded segment of the driverless future is taking shape and showing promise: goods-moving robo-vans. Rather than serving up hot pizza pies or deploying headless robots to carry groceries to the doorstep, robo-vans travel on fixed routes from warehouse to warehouse or to a smaller pickup point, transporting packages to get them closer, but not all the way, to consumers.This may be the least glamorous part of the driverless delivery business, but the market for these monotonous “middle miles” could reach $1 trillion and may provide the fastest path to prosperity, analysts say.“This area has the least number of obstacles and the most certain return on invested capital in the near term,” said Mike Ramsey, an analyst with consultant Gartner Inc. “If you’re looking to start a business where you can actually generate revenue, this has fewer barriers than the taxi market.”Driving the demand is the boom in online shopping that has helped cause a severe shortage of truck drivers that tops 60,000 unfilled long-haul positions, according the American Trucking Associations. That has sent costs soaring for a job that is among the most dangerous due to the risk of wrecks and long periods spent on the road.Related: `Smokey and the Bandit' Charm Fades as Trucking Hiring Lags“This middle mile is the most expensive part of the whole supply chain; it’s a huge pain point,” said Gautam Narang, CEO of Gatik, which is attempting to automate Walmart’s “hub and spoke” warehouse system. “This fills a big gap in the market.”From a technological standpoint, business-to-business, or B2B, delivery is the straightforward counterpoint to the complexities of autonomous ride-hailing and driverless delivery directly to consumers, known as B2C or last-mile. Robo-vans like those being put to the test at Walmart follow fixed routes over and over, reducing the chance of mishaps and increasing their time in service generating revenue. Many of these routes are already established using human drivers today, so there’s little need to map new paths and create infrastructure to load and receive the goods.Related: Robot Rides Are Going to Deliver Pizza and Parcels Before PeopleFord Motor Co., testing many forms of driverless delivery, calls these repeatable routes “milk runs,” a throwback term to the days of household dairy delivery.“Anything on driverless delivery that is a milk run is a good application for autonomy,” said Sherif Marakby, chief executive officer of Ford’s autonomous vehicles unit. “B2C is a complex implementation for autonomy that will come with time, but B2B just makes it easier because you get volume and you can be more predictable.”The case for robots ferrying packages before people is becoming more compelling as robo-taxis struggle to gain traction. Consumers have grown wary of giving up the wheel, especially after a pedestrian was killed last year by an autonomous Uber Technologies Inc. test car. Waymo, Alphabet Inc.’s driverless unit, initiated limited automated ride-hailing in suburban Phoenix late last year with human “safety drivers” on board. General Motors Co. no longer says it will debut a similar service this year. Instead, CEO Mary Barra now says the rollout will be “gated by safety.”QuicktakeWhen the Driverless Cars Arrive, Will You Climb In?: QuickTakeDriverless delivery also has another big advantage over robo-taxis: no demanding human passengers. “People have more emotions than boxes,” Ford’s Marakby said.Meanwhile, driverless delivery is already hitting the road. Swedish startup Einride recently began low-speed robo-deliveries on public roads in its home country. It has signed up several Fortune 500 clients, like tire-maker Michelin, plus logistics service provider DB Schenker and German grocer Lidl.Looking like a Star Wars Imperial troop transport on wheels, Einride’s T-Pod trucks are 60% cheaper to build because they lack a passenger compartment. If they get into a jam, they can be remote controlled by humans from a command center. One human monitors the remote controls for 10 trucks. The T-Pods operate in self-driving mode 95% of the time, according to CEO and founder Robert Falck.Stuffed with payload and no human driver, a T-Pod can operate around the clock and cut shipping costs in half. That’s why Falck says his company is already profitable, though he declines to give specifics.“There are solid economics behind this and that’s also what the customer realizes,” Falck said. “If you break down the numbers, it’s the best business case out there.”TuSimple, a San Diego startup valued at $1.1 billion, leads a pack of tech outfits seeking to automate long-haul trucking. The company has a fleet of 50 robot Peterbilt and Navistar trucks that have been transporting commercial loads in Arizona for a year. And while it isn’t profitable yet, it expects to book revenue of more than $1 million a month in the second half of the year.“If you break down the numbers, it’s the best business case out there.”In the final two weeks of May, its self-driving big rigs—equipped with cameras that can see more than a half-mile down the road—completed 10 test runs for the U.S. Postal Service of an arduous 1,000-mile stretch from Phoenix to Dallas. Over Memorial Day weekend, the trucks faced howling crosswinds and “mud rain,” a blinding combination of dust, wind and rain. And yet the robo-rigs consistently beat human-driven trucks to the mail depot by as much as two hours.   “We were approaching the edge of our operational design domain,” said Chuck Price, TuSimple’s chief product officer. “But we were able to demonstrate that we can do it much faster, with high consistency and high reliability. So bottom line, it’s more efficient.”By next year, TuSimple says it will pull the safety driver and engineer it currently has babysitting its rigs and go fully driverless—something no robo-taxi has committed to yet. By 2023 or 2024, the company plans to have “commercially ready” robo-rigs rolling out of a factory of a major truck maker.That kind of confidence is hard to come by these days among the purveyors of robo-taxis, still struggling to figure out how to navigate the pedestrians, cyclists and unpredictable traffic of chaotic urban environments. Increasingly, the call of the open road and the mundane middle miles between warehouses is proving to be the clearest path to the autonomous future. That’s why big players like Waymo and Tesla Inc.—still working on driverless people haulers—are also developing robo-rigs.“There’s absolutely a market for this sort of thing,” said Sam Abuelsamid, an analyst with Navigant Research. “People don’t really care much about what goes on behind the scenes to get them the products they want. But the value of all the goods being moved is far more than ride-hailing applications.”To contact the authors of this story: Keith Naughton in Southfield at knaughton3@bloomberg.netMatthew Boyle in New York at mboyle20@bloomberg.netTo contact the editor responsible for this story: Anne Riley Moffat at ariley17@bloomberg.net, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Did You Miss Gartner's (NYSE:IT) Impressive 127% Share Price Gain?
    Simply Wall St.last month

    Did You Miss Gartner's (NYSE:IT) Impressive 127% Share Price Gain?

    When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...

  • Zacks Small Cap Researchlast month

    DTSS: Emerging Technology Company Signs Two Key Agreements

    Beijing, China-based Datasea (DTSS) is an emerging technology company that develops information technology (IT) systems and network security solutions, leveraging its proprietary technologies and IP to provide complete security solutions that are designed, built and customized to each client’s specific needs. For example, the need for external cyber-security services is sizable and growing. According to AT&T Cybersecurity Insights, small businesses don't usually have access to the resources they need to create and maintain a cohesive cybersecurity strategy.

  • Why Is Gartner (IT) Up 0.5% Since Last Earnings Report?
    Zackslast month

    Why Is Gartner (IT) Up 0.5% Since Last Earnings Report?

    Gartner (IT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • GSA splits $100M blanket purchase agreement among 22 contractors
    American City Business Journals2 months ago

    GSA splits $100M blanket purchase agreement among 22 contractors

    The BPA, which will cover the discovery and assessment phase of the IT modernization program, was awarded to 22 contractors, spanning seven areas of Centers of Excellence focus.

  • Reuters2 months ago

    Huawei holds on to No. 2 smartphone spot in first quarter: report

    Gartner also said Huawei continued to reduce the gap with Samsung, but warned that growth could be limited in the near term. The United States on May 15 blocked Huawei from buying U.S. goods saying the company was involved in activities contrary to national security. The Trump administration softened its stance last week by granting Huawei a licence to buy U.S. goods until Aug. 19.

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of IT earnings conference call or presentation 7-May-19 12:00pm GMT

    Q1 2019 Gartner Inc Earnings Call

  • Gartner Inc (IT) Q1 2019 Earnings Call Transcript
    Motley Fool2 months ago

    Gartner Inc (IT) Q1 2019 Earnings Call Transcript

    IT earnings call for the period ending March 31, 2019.

  • ACN or IT: Which Is the Better Value Stock Right Now?
    Zacks2 months ago

    ACN or IT: Which Is the Better Value Stock Right Now?

    ACN vs. IT: Which Stock Is the Better Value Option?

  • Gartner Is Exactly Where It Wants to Be
    Motley Fool2 months ago

    Gartner Is Exactly Where It Wants to Be

    Don't be fooled by today's stock-price drop. The research and advisory products and services leader started 2019 strong.

  • Gartner (IT) Surpasses Q1 Earnings and Revenue Estimates
    Zacks2 months ago

    Gartner (IT) Surpasses Q1 Earnings and Revenue Estimates

    Gartner (IT) first-quarter 2019 earnings decrease year over year while revenues improve.

  • Is Gartner, Inc. (NYSE:IT) Worth US$161 Based On Its Intrinsic Value?
    Simply Wall St.2 months ago

    Is Gartner, Inc. (NYSE:IT) Worth US$161 Based On Its Intrinsic Value?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Gart...

  • Associated Press2 months ago

    Gartner: 1Q Earnings Snapshot

    The Stamford, Connecticut-based company said it had profit of 23 cents per share. Earnings, adjusted for one-time gains and costs, came to 58 cents per share. The results topped Wall Street expectations. ...

  • TheStreet.com2 months ago

    Gartner Expected to Earn 53 Cents a Share

    is expected to report quarterly earnings of 53 cents a share on sales of $961.7 million before the market opens on Tuesday, based on a FactSet survey of 11 analysts. Gartner is currently trading at a price-to-forward-earnings ratio of 38.1 based on the 12-month estimates of 11 analysts surveyed by FactSet. Jim Cramer and the AAP team are watching the it services sector.

  • Clean Harbors (CLH) Beats on Q1 Earnings, Misses Revenues
    Zacks2 months ago

    Clean Harbors (CLH) Beats on Q1 Earnings, Misses Revenues

    Clean Harbors (CLH) first-quarter 2019 earnings and revenues improve year over year.