Gartner (IT) FY2011 results: revenue $1.5 billion, up 14.0% on the year
Gartner Inc. (IT) reported revenue of $1.5 billion for fiscal 2011, the year ended 31 December 2011, up 14.0% on the year before. Net income was $137 million, up 42.2%, and diluted earnings per share $1.39. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2012.
Revenue
$1.5 billion
+14.0% on the year
FY2008FY2011
Operating margin
14.6%
11.6% a year earlier
FY2008FY2011
Net income
$137 million
+42.2% on the year
FY2008FY2011
Diluted EPS
$1.39
+44.8% on the year
FY2008FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
1,469
1,288
1,140
+14.0%
Cost of revenue
609
552
498
+10.2%
Gross profit
863
742
643
+16.3%
Gross margin
58.8%
57.6%
56.4%
Selling, general and administrative
614
543
477
+13.0%
Operating income
214
149
134
+43.4%
Operating margin
14.6%
11.6%
11.8%
Interest expense
11.2
-16.8
16.9
Pre-tax income
202
134
116
+50.8%
Income tax
65.3
37.8
32.6
+72.7%
Effective tax rate
32.3%
28.2%
28.2%
Net income
137
96.3
83.0
+42.2%
Net margin
9.3%
7.5%
7.3%
Diluted EPS
$1.39
$0.96
$0.85
+44.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
256
205
162
+24.4%
Capital expenditure
42.0
21.7
15.1
+93.4%
Free cash flow
214
184
147
+16.2%
Free cash flow margin
14.5%
14.3%
12.9%
Cash from investing
-42.0
-33.8
-120
Cash from financing
-187
-172
-73.8
Depreciation and amortisation
32.1
35.9
27.0
-10.6%
Share-based compensation
32.9
32.6
26.1
+0.7%
Buybacks
212
99.8
3.7
+112.4%
Diluted shares, weighted
99m
100m
98m
-1.0%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
182
187
113
-2.8%
Debt
200
220
329
-9.2%
Other liabilities
998
878
774
+13.6%
Total liabilities and equity
1,380
1,286
1,215
+7.3%
Fixed assets
68.1
47.6
52.5
+43.1%
Goodwill
509
510
514
-0.3%
Intangible assets
7.1
13.6
24.1
-48.0%
Cash and equivalents
143
120
117
+18.8%
Receivables
421
365
318
+15.4%
Other assets
232
229
191
+1.4%
Total assets
1,380
1,286
1,215
+7.3%
10-K for the year ended 31 December 2011, filed 23 February 2012: the filing.