|Bid||117.61 x 800|
|Ask||118.04 x 900|
|Day's Range||114.43 - 118.36|
|52 Week Range||76.91 - 171.78|
|Beta (5Y Monthly)||1.48|
|PE Ratio (TTM)||37.22|
|Earnings Date||Jul 28, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 19, 1999|
|1y Target Est||109.13|
Good day,Gartner, Inc. released the results from its annual Supply Chain Top 25, identifying supply chain leaders and highlighting their best practices.Cisco Systems scored the top spot in the ranking, followed by Colgate-Palmolive, Johnson & Johnson, Schneider Electric, and Nestlé. Six new companies joined this year's list – Lenovo, AbbVie, British American Tobacco, Reckitt Benckiser, Biogen, and Kimberly-Clark.Three key trends stand out this year for the companies that made the list, Gartner said in a press release. They use a "language of purpose," recognize that problem solving requires partnership with others in the community and were early and frequent adopters of digital technologies.Did you know?Gross margins for truckload activity managed by 3PLs declined 210 basis points in the first quarter of 2020 compared to a year ago. Intermodal margins were down 140 basis points while less-than-truckload margins dropped 10.Via FreightWaves Quotable"People now understand how critical it is for us to get our goods. When we're standing in line waiting to get toilet paper and paper towels, they now start to understand a little bit about the role the ports and everybody in the supply chain play in getting goods and actually where those goods are manufactured."– Michele Grubbs, vice president of the Pacific Merchant Shipping Association, via FreightWavesIn other news:Clean incentives fuel California's new gold rushThe state offers one of every three of the approximately 300 incentive programs in the U.S. and Canada that cover vehicles, infrastructure and renewable fuels. (Fleetowner)Democratic senators call on regulators to investigate potential Uber-Grubhub dealA merger between Uber Eats and Grubhub would combine two of the three largest food delivery application providers and raise competition issues in many markets around the country, lawmakers said. (The Hill)Robots rule a city under lockdownMilton Keynes, a town near London with a population of 270,000 and a vast network of bicycle paths, is well-suited to Starship Technologies' rolling robots (New York Times)Bid farewell to Softbank's $100 billion technology Vision FundThe fund lost $10 billion in value in the first quarter of this year alone and is now worth less than what backers invested in it. (BusinessInsider)Final thoughts,The pandemic has triggered worker protests demanding that Amazon offer more paid sick time and temporarily shut warehouses with infections. Helping guide these protests are labor groups and unions eager to gain access to the e-giant after years of failed attempts to unionize its operations, Reuters reports. Although the odds are slim of organizing the Amazon workforce, unions are helping workers leverage media and public opinion to force the company to change some of its practices.Hammer down, everyone!See more from Benzinga * TIA report: Broker Gross Margin Way Down In Q1 From A Year Earlier * Portfolio value from your 3PL; why assets really matter (with video) * Crisis cash: Leasebacks Could Help Struggling Fleets Stay Solvent(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
CLGX vs. IT: Which Stock Is the Better Value Option?
Worldwide IT spending is projected to total $3.4 trillion in 2020, a decline of 8% from 2019, according to the latest forecast by Gartner, Inc. The coronavirus pandemic and effects of the global economic recession are causing CIOs to prioritize spending on technology and services that are deemed "mission-critical" over initiatives aimed at growth or transformation.
It's been a good week for Gartner, Inc. (NYSE:IT) shareholders, because the company has just released its latest...
Shares of Gartner (NYSE: IT), a research and advisory company, were climbing today following the release of the company's first-quarter 2020 financial results. Gartner's sales increased 5% in the first quarter, to $1 billion, but it was the company's earnings beat that sparked investors' optimism. Gartner reported non-GAAP earnings per share of $1.20, which blew past analysts' consensus estimate of $0.33.
Gartner (IT) delivered earnings and revenue surprises of 263.64% and -1.60%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Gartner, Inc. (NYSE: IT), the world's leading research and advisory company, today reported results for the first quarter of 2020 and updated its financial outlook for the full year 2020. Additional information regarding the Company's results is provided in an earnings supplement available on the Company's Investor Relations website at https://investor.gartner.com.
Baron Asset Fund recently published its first-quarter commentary – a copy of which can be downloaded here. During the first quarter of 2020, the Baron Asset Fund returned -16.63% (institutional shares). In comparison, the benchmark S&P 500 Index was down 19.60%, while the Russell Midcap Growth Index was down 20.04%. In the said letter, Baron Asset […]
Gartner (IT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Gartner, Inc. (NYSE: IT), the world’s leading research and advisory company, will report its financial results for first quarter 2020 before the market opens on Thursday, May 7, 2020. The press release and earnings supplement, with accompanying financial information, will be posted on the Gartner investor website at https://investor.gartner.com.
(Bloomberg) -- Infosys Ltd. refrained from projecting full-year revenue for the first time in years, joining a growing list of businesses around the world struggling to assess the fallout of Covid-19.The Indian company said it couldn’t offer a forecast until visibility into the pandemic improves, at a time the novel coronavirus is boosting demand for IT services but also disrupting the tech outsourcer’s ability to serve clients. Infosys reported a 6.1% rise in net income to 43.2 billion rupees ($564 million) for the March quarter. Sales rose 8% from a year ago to 232.7 billion rupees.Covid-19 will negatively impact revenue by 5%-10%, said D.D. Mishra, senior director analyst at researcher Gartner Inc. “Infosys has exposure to both BFSI and manufacturing verticals, which generate more than 40% of revenues and global disruptions in both will impact its revenues in the coming quarters,” he said, referring to banking, financial services and insurance.The pandemic presents a new challenge for Infosys and peers like Tata Consultancy Services Ltd. that were already operating in a difficult environment. They’re serving financial services giants and major global corporations through hundreds of thousands of workers logged in from their homes, after India ordered the world’s biggest lockdown to curtail the spread of Covid-19.“93% of our workforce is currently working from home.” said Infosys’ Chief Operating Officer Pravin Rao. “We are in no hurry to get employees back to offices. Our first phase of returns, when it happens, will likely get 5% employees returning, and in the next phase will total about 15%.”Last week, TCS reported a 1% slip in quarterly profit, while smaller rival Wipro Ltd. refrained from predicting its software-services revenue. India’s $181-billion IT services industry builds software and provides services to some of the world’s biggest banks and retailers. Before the pandemic, those companies had grappled with rapid technological changes that were hastening automation and bringing about shifts in their technology needs.Read more: World’s Back Office Rushes to Stay Online in India LockdownInfosys shares rose 3.9% to 653.30 rupees at the close in Mumbai before the earnings were announced. It’s American depository shares fell 2% to $8.4 at 10:39 a.m. in New York.(Updates with comment from analyst in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
China's COVID-19 outbreak weighed on both PC production and demand in Q1. But sales got a boost late in the quarter.
(Bloomberg) -- Global personal computer shipments dropped the most since 2013 in the first quarter, after the Covid-19 pandemic ensnared the Chinese supply-chain and created production problems for major hardware companies.PC makers shipped 51.6 million laptops, desktops and workstations in the first three months of 2020, a 12% decrease compared with a year earlier, research firm Gartner Inc. said Monday in a statement. Analyst IDC pegged the decline at 9.8%.“Following the first lockdown in China in late January, there was lower PC production volume in February that turned into logistics challenges,” Mikako Kitagawa, a research director at Gartner, said in a statement.China-based Lenovo Group Ltd. kept the No. 1 spot among PC vendors, with about 24% of the market, Gartner and IDC agreed. HP Inc. remained the second-largest player with about 22% share. Dell Technologies Inc. held third place.China is the world’s largest maker of PCs. Coronavirus-related factory shutdowns early this year led to shortages for major manufacturers of the machines. When Covid-19 caused governments around the world to issue stay-at-home orders, some consumers rushed to buy PCs, but there was crimped supply, according to analysts for Gartner and IDC. Businesses and most consumers are now expected to hold onto PCs for longer amid economic disruptions caused by the pandemic, Gartner said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- The Covid-19 pandemic has exposed aging, inflexible computer systems at the heart of the U.S. economy -- and a shortage of experts to fix the problem. This is slowing the government’s effort to get billions of dollars in stimulus checks to millions of newly unemployed citizens.The $2.2 trillion CARES Act passed in late March includes a $600 weekly increase in unemployment benefits. That money won’t reach anyone until state agencies update technology systems to reflect the law and handle the flood of new applications.Oklahoma is trying to implement CARES as quickly as it can, but some claims are taking as long as two weeks to process because of a mainframe computer that runs on a 60-year-old programming language called COBOL.“It is the largest issue with regards to implementation in the CARES program,” said Robin Roberson, executive director of the Oklahoma Employment Security Commission. “Our mainframe is literally over 30 years old. It’s very difficult to program, it doesn’t do much. COBOL programmers are somewhat scarce.”Roberson started her job nine weeks ago with a mandate to upgrade the system, but the pandemic hit before any real progress was made. Other agencies in Oklahoma and beyond are suffering from similar problems, she said.The Connecticut Department of Labor is telling people to be patient as it works with experts to update COBOL code to implement the government relief program. New Jersey Governor Phil Murphy appealed for COBOL programmers to help the state with its computers earlier this month.This talent shortage has been building for years through a combination of techno-snobbery, limited formal training, an aging pool of experts, and a lack of employers willing to pay up for the few people who are still willing to do the work.“It’s a disaster,” said Mahmoud Ezzeldin, 75, who worked for decades on COBOL computer systems for insurer Blue Cross Blue Shield and the Internal Revenue Service. “COBOL is difficult to learn and was not designed for the internet. College graduates like to learn something easier. I cannot blame them.”Ezzeldin, who lives near Washington D.C., is willing to volunteer to help ease the CARES computing crunch. But he’s retired. That’s a familiar tale. The average COBOL programmer is over 60, Gartner Inc. estimates. When the research firm counted in 2004, it found 2 million experts in the language and estimated that number was falling 5% a year. That compares with about 25 million software developers in total, according to UBS.Usually, the technology industry adjusts when demand for a programming language outstrips the supply of capable coders. Computer science courses have multiplied at colleges in recent years, and there are coding boot camps that quickly train people in Java, Python and other languages. But COBOL is different.The Common Business Oriented Language emerged at the end of the 1950s, before computer science was taught at universities. Without the embrace of academia, many COBOL programmers learned on the job at government agencies and in fields such as insurance, banking and airline reservations. They’re considered the blue collar workers of the tech industry.“I cannot really recommend current students study COBOL. All the work would be maintenance and wouldn’t be very inspiring,” said Gio Wiederhold, a retired professor from Stanford University, which educates thousands of computer scientists who go on to work at Silicon Valley tech giants such as Apple Inc., Facebook Inc. and Google. Wiederhold said Stanford never taught COBOL from the time he moved there in 1979.Last year, the U.S. Government Accountability Office mentioned COBOL 26 times in a report that urged multiple agencies to modernize critical legacy technology.There are 240 billion lines of COBOL code still being used, according to Phil Teplitzky, chief technology officer of HP Marin Group LLC, which helps companies make better use of old computing systems.There’s little documentation explaining how these systems were built decades ago, so government agencies and companies often relied on programmers remembering how it was done -- COBOL “folklore,” Teplitzky calls it. Many of these experts aren’t around anymore, and now that the CARES Act requires major code changes, few people know how to do it, he said.The way old COBOL code was written also makes it hard to update. Modern computing languages break programs into chunks, each with a specific purpose. COBOL programmers often weaved everything together, which means code changes can damage or disable other parts of the program. This phenomenon, known as spaghetti code, is more of an issue than any inherent difficulty in learning the language. But it makes the work hard and time-consuming.Most of the mainframe computers that run COBOL are made by International Business Machines Corp. The company has been trying to help customers find COBOL experts and convince new trainees to take over for years. Last week, it announced a new training course to teach COBOL to beginners and refresh experienced professionals.“A light is being shined on the fact that there are some critical systems that may not have been focused on,” said Barry Baker, an IBM vice president. “It’s a case of selling COBOL and older technology to kids as a means to work on stuff that makes a difference. This is stuff that matters.”Gartner analyst Thomas Klinect thinks companies and other organizations must do a better job recruiting people to keep these machines running. That includes paying more.“If you look at the postings, they have been entry-level positions which needed 20 years of experience,” he said. “They wanted to pay you $35,000.”Chuck Robbins, the 53-year-old chief executive officer of Cisco Systems Inc., said he started his career as a COBOL programmer for the predecessor of Bank of America.“The good news is that, as I recall, COBOL wasn’t one of the more difficult languages,” he said. “I’m sure some of these younger kids could figure it out.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.