STAMFORD, Conn., February 7, 2011 — Gartner, Inc. (NYSE: IT) reports fourth quarter 2010 revenue was $382.3 million, up 17% year-over-year excluding the impact of foreign exchange and 16% as reported.
Net income increased 43% and Normalized EBITDA increased 25% to $72.5 million. Diluted income per share was $0.37 compared to $0.26 per share for fourth quarter 2009.
For full year 2010, total revenue was $1,288.5 million, an increase of 13%, and net income was $96.3 million. Normalized EBITDA was $230.4 million, an increase of 20% over 2009.
Gene Hall, Gartner’s chief executive officer, commented, “We achieved record levels of new business and contract value, our client and wallet retention metrics improved for the fifth consecutive quarter, and many of our other key business metrics continued to accelerate during the fourth quarter. We delivered double-digit revenue, normalized EBITDA and EPS growth for the full year 2010 and expect to deliver double-digit growth across those measures in 2011 as well.” Source: Gartner Press Release