Gartner (IT) FY2015 results: revenue $2.2 billion, up 7.0% on the year
Gartner Inc. (IT) reported revenue of $2.2 billion for fiscal 2015, the year ended 31 December 2015, up 7.0% on the year before. Net income was $176 million, down 4.4%, and diluted earnings per share $2.06. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$2.2 billion
+7.0% on the year
FY2008FY2015
Operating margin
13.3%
14.2% a year earlier
FY2008FY2015
Net income
$176 million
-4.4% on the year
FY2008FY2015
Diluted EPS
$2.06
+1.5% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
2,163
2,021
1,784
+7.0%
Cost of revenue
839
798
713
+5.2%
Gross profit
1,324
1,234
1,078
+7.3%
Gross margin
61.2%
61.1%
60.4%
Selling, general and administrative
963
876
760
+9.9%
Operating income
288
286
275
+0.6%
Operating margin
13.3%
14.2%
15.4%
Interest expense
22.5
12.3
10.4
+83.3%
Pre-tax income
272
275
266
-0.9%
Income tax
96.6
90.9
83.6
+6.2%
Effective tax rate
35.5%
33.1%
31.4%
Net income
176
184
183
-4.4%
Net margin
8.1%
9.1%
10.2%
Diluted EPS
$2.06
$2.03
$1.93
+1.5%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
346
347
316
-0.4%
Capital expenditure
46.1
38.5
36.5
+19.9%
Free cash flow
299
308
279
-2.9%
Free cash flow margin
13.8%
15.3%
15.6%
Cash from investing
-242
-163
-36.5
Cash from financing
-67.7
-209
-154
Depreciation and amortisation
47.1
39.4
34.4
+19.6%
Share-based compensation
46.1
38.8
34.7
+18.8%
Buybacks
509
432
182
+17.8%
Diluted shares, weighted
85m
91m
95m
-6.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-132
161
361
Debt
819
405
205
+102.2%
Other liabilities
1,482
1,338
1,217
+10.8%
Total liabilities and equity
2,169
1,904
1,784
+13.9%
Fixed assets
109
98.0
91.8
+11.0%
Goodwill
715
587
519
+21.9%
Intangible assets
96.5
30.7
6.1
+214.6%
Cash and equivalents
373
365
424
+2.1%
Receivables
581
552
491
+5.2%
Other assets
294
272
252
+8.3%
Total assets
2,169
1,904
1,784
+13.9%
10-K for the year ended 31 December 2015, filed 24 February 2016: the filing.