Gartner (IT) FY2017 results: revenue $3.3 billion, up 35.5% on the year
Gartner Inc. (IT) reported revenue of $3.3 billion for fiscal 2017, the year ended 31 December 2017, up 35.5% on the year before. Net income was $3 million, down 98.3%, and diluted earnings per share $0.04. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$3.3 billion
+35.5% on the year
FY2010FY2017
Operating margin
-0.2%
12.5% a year earlier
FY2010FY2017
Net income
$3 million
-98.3% on the year
FY2010FY2017
Diluted EPS
$0.04
-98.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
3,311
2,445
2,163
+35.5%
Cost of revenue
1,320
946
839
+39.6%
Gross profit
1,991
1,499
1,324
+32.9%
Gross margin
60.1%
61.3%
61.2%
Selling, general and administrative
1,599
1,089
963
+46.8%
Operating income
-6.3
305
288
Operating margin
-0.2%
12.5%
13.3%
Interest expense
128
27.6
22.5
+364.2%
Pre-tax income
-128
288
272
Income tax
-131
94.8
96.6
Effective tax rate
n/a
32.9%
35.5%
Net income
3.3
194
176
-98.3%
Net margin
0.1%
7.9%
8.1%
Diluted EPS
$0.04
$2.31
$2.06
-98.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
255
366
346
-30.4%
Capital expenditure
111
49.9
46.1
+122.1%
Free cash flow
144
316
299
-54.5%
Free cash flow margin
4.3%
12.9%
13.8%
Cash from investing
-2,753
-98.1
-242
Cash from financing
2,540
-175
-67.7
Depreciation and amortisation
240
62.0
47.1
+287.6%
Share-based compensation
78.9
46.7
46.1
+69.2%
Buybacks
41.3
59.0
509
-30.0%
Diluted shares, weighted
90m
84m
85m
+7.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
983
60.9
-132
+1,515.5%
Debt
3,279
694
819
+372.2%
Operating lease liabilities
116
38.0
n/a
+204.5%
Other liabilities
2,905
1,574
1,482
+84.6%
Total liabilities and equity
7,283
2,367
2,169
+207.7%
Fixed assets
222
122
109
+82.2%
Goodwill
2,987
738
715
+304.5%
Intangible assets
1,292
76.8
96.5
+1,582.3%
Cash and equivalents
539
474
373
+13.6%
Receivables
1,177
643
581
+83.0%
Other assets
1,067
313
294
+240.5%
Total assets
7,283
2,367
2,169
+207.7%
10-K for the year ended 31 December 2017, filed 22 February 2019: the filing.