IT - Gartner, Inc.
168.55 0.00 (0.00%)
After hours: 5:04PM EDT
| Previous Close | 168.42 |
| Open | 167.99 |
| Bid | 168.53 x 1100 |
| Ask | 168.58 x 1000 |
| Day's Range | 167.38 - 169.02 |
| 52 Week Range | 120.89 - 171.36 |
| Volume | 342,661 |
| Avg. Volume | 357,027 |
| Market Cap | 15.185B |
| Beta (3Y Monthly) | 1.45 |
| PE Ratio (TTM) | 94.96 |
| EPS (TTM) | 1.77 |
| Earnings Date | Jul 30, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 1999-07-19 |
| 1y Target Est | 157.00 |
- Bloomberg•10 minutes ago
Microsoft’s Cloud Gains Fuel Fourth-Quarter Sales, Profit
(Bloomberg) -- Microsoft Corp.’s quarterly sales and profit topped estimates on the strength of the company’s cloud-computing business, which racked up clients for Azure web services and Office productivity software.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 rose 12% to $33.7 billion, the Redmond, Washington-based company said Thursday in a statement, compared with the $32.8 billion projection.Chief Executive Officer Satya Nadella is working to keep up a steady flow of cloud deals, seeking to center Microsoft’s strategy on web services and narrow the gap with market leader Amazon.com Inc. As more companies move to the cloud and upgrade aging software, they’re signing up for Azure and newer products like Microsoft 365 -- a 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.”Net income in the quarter was $13.2 billion, or $1.71 a share.The company’s shares rose 1.2% in extended trading following the report. Microsoft rose 15% in the quarter, compared with a 3.8% increase in the S&P 500 Index. The stock has jumped 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.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 growth was routinely more than doubling as recently as two years ago. Still, swelling profit margins in cloud have helped to offset those worries.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 cloud-based applications.Revenue in the company’s productivity and business unit, which includes Office, 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.Global shipments of personal computers increased 1.5% in the second quarter, Gartner said, 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 were better than expected, rising 9% overall and 18% for the pricier professional editions, 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 US-China trade tensions.Microsoft’s profit was boosted by a $2.6 billion tax gain, which came as company moved intellectual property to the U.S. to comply with the 2017 Tax Cuts and Jobs Act. While the gain is recognized upfront in this quarter, the company will face a higher tax rate in coming quarters, Spencer said.(Updates with details on tax gain in final paragraph.)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.
- Business Wire•yesterday
Gartner Announces Gartner IT Symposium/Xpo 2019, October 20-24, in Orlando
Gartner, Inc. :
- Business Wire•2 days ago
Gartner to Report Second Quarter 2019 Financial Results on July 30, 2019
Gartner, Inc. , the world’s leading research and advisory company, will report its financial results for second quarter 2019 before the market opens on Tuesday, July 30, 2019.
- Zacks•6 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.
- Engadget•6 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.
- Bloomberg•7 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.
- Business Wire•7 days ago
Gartner Says Worldwide PC Shipments Grew 1.5% in Second Quarter of 2019
Windows 10 Replacements Drove Strong PC Demand in Business Market
- Simply Wall St.•7 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...
- Zacks•8 days ago
ACN vs. IT: Which Stock Should Value Investors Buy Now?
ACN vs. IT: Which Stock Is the Better Value Option?
- Business Wire•8 days ago
Gartner Says U.S. Insurance Brands Underperform in Digital, Despite Customers’ Growing Willingness to Provide Data
According to new research from Gartner, Inc., U.S. insurance brands are decreasing investment across desktop sites, digital marketing and social media, and prioritizing mobile, but are falling behind in providing a more holistic digital experience for customers, despite their growing willingness to provide data and shop online. The second annual Gartner L2 Digital IQ Index: Insurance U.S. report ranks the digital performance of 54 brands operating in the U.S. market. “U.S. insurance brands reached the mobile tipping point in 2019, with an average of 52% of total traffic to brand sites taking place on mobile devices,” said Elizabeth Elder, Principal, Financial Services at Gartner.
- Business Wire•9 days ago
Gartner Announces Gartner ReimagineHR 2019 Conferences in Sydney, London and Orlando
Gartner, Inc.
- Business Wire•16 days ago
Gartner Says Marketers for U.S. Spirits Brands Must Tap Into Search to Gain Competitive Advantage
Spirits brands continue to underinvest in search despite the crucial role it plays for consumers researching and buying products, contributing to overall poor performance in digital marketing for most brands, according to Gartner, Inc. The inaugural Gartner L2 Digital IQ Index: Spirits U.S. 2019 ranks the digital performance of 69 spirits brands operating in the U.S. market.
- Business Wire•21 days ago
Gartner Identifies Five Cost Optimization Tactics for Marketing Leaders
Marketers Must Take an “Always-On” Approach to Cost Optimization
- Business Wire•22 days ago
Gartner Reveals Slow, Poor Decision-Making By Hiring Managers Is Causing Organizations To Lose Out On Talent In Today’s Tight Labor Market
To successfully recruit and hire candidates in today’s digital era, organizations must redefine the role of the hiring manager to be decisive, according to Gartner, Inc. Yet, more than three-quarters of hiring managers do not act decisively. Gartner says the characteristics of decisive hiring managers include focusing on prioritizing future talent needs, broadening the candidate funnel, and sharing hiring decisions with experts across the organization. “In the past, hiring managers knew what their hiring needs were, and they were able to sit back and wait for recruiting to deliver a shortlist, before making a straightforward final decision,” said Lauren Smith, vice president in the Gartner HR practice.
- Insider Monkey•24 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 […]
- TechCrunch•24 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
- Zacks•29 days ago
NVEE vs. IT: Which Stock Is the Better Value Option?
NVEE vs. IT: Which Stock Is the Better Value Option?
- Bloomberg•29 days ago
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.
- Business Wire•last month
Gartner Says Sales Leaders Must Stop Focusing on “Quick Wins” With Cost Management Decisions
New Research Reveals More Effective Approaches to Three Common Cost-Cutting Tactics in Sales
- Business Wire•last month
Gartner Identifies Five Challenges to Growth and Adoption for Virtual Customers
“We are still several years away from creating autonomous virtual customers that can function with minimal human intervention,” said Tiffany Fountain, vice president and team manager at Gartner. “However, existing capabilities suggest virtual customers will become a greater presence in purchase and service activities.
- 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...
- Business Wire•last month
Gartner Highlights Key Considerations for Future-Proof Financial Applications
Experts Discuss Key Issues Facing CFOs at Gartner CFO & Finance Executive Conference, June 10-11, in Washington D.C. Most organizations will fail to realize the full value of new financial application purchases because they are not accounting for digital capabilities that they will require in the future, according to Gartner, Inc. Gartner experts at the Gartner CFO & Finance Executive Conference discussed key drivers of financial application buying behavior and the associated challenges of maximizing returns on new technology investments, as predictive analytics, artificial intelligence (AI) and machine learning capabilities will increasingly shape the needs of finance departments in the future.
- Business Wire•last month
Gartner Says Companies in the U.S. Are Overpaying To Attract New Talent
While compensation remains a top driver to attract and retain talent in the U.S., employees only expect about a 10% salary increase to switch employers, while companies are offering average compensation increases around 15%, according to a recent survey by Gartner, Inc. The latest data from Gartner’s 1Q19 Global Talent Monitor shows that while many U.S. employers continue to extend lucrative compensation offers to persuade workers to switch companies, the premiums to attract talent might not be as high as employers think. “Not only are U.S. employers often paying too much to new workers, but once tenured employees discover discrepancies between their salaries and those of new colleagues, they may be more inclined to look for another position elsewhere,” said Brian Kropp, group vice president in the Gartner HR practice.
- Business Wire•last month
Gartner Reveals How Top CFOs Use Uncertainty to Accelerate Competitive Advantages
Experts Discuss Key Issues Facing CFOs at Gartner CFO & Finance Executive Conference, June 10-11, in Washington D.C. Conflicting signals on the economy and related uncertainty should be looked upon by CFOs as an opportunity to accelerate growth and innovation strategies, according to Gartner, Inc. During the opening keynote at the Gartner CFO & Finance Executive Conference today, Gartner experts highlighted the key differences between firms that use uncertainty to accelerate business performance and those that stall, and the specific behaviors of CFOs that allow their firms to accelerate during times of economic and industry uncertainty.
