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Gartner (IT) Q4 FY2021 earnings: revenue $1.3 billion, up 17.4% on the year

Gartner Inc. (IT) reported revenue of $1.3 billion for Q4 FY2021, the quarter ended 31 December 2021, up 17.4% on the same quarter a year earlier. Net income was $209 million, up 75.0% on the year, and diluted earnings per share $2.48. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.

Revenue
$1.3 billion
+17.4% on the year · +13.0% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
14.2%
16.0% a year earlier
Q1 FY2020Q4 FY2021
Net income
$209 million
+75.0% on the year · +40.6% on the quarter
Q1 FY2020Q4 FY2021
Diluted EPS
$2.48
+86.5% on the year · +40.9% on the quarter
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue1,3061,1561,113+13.0%+17.4%
Cost of revenue400n/an/a
Gross profit907n/an/a
Gross margin69.4%n/an/a
Selling, general and administrative667n/an/a
Operating income185230178-19.5%+4.1%
Operating margin14.2%19.9%16.0%
Interest expense33.4n/an/a
Pre-tax income177n/an/a
Income tax-32.3n/an/a
Effective tax rate-18.2%n/an/a
Net income209149120+40.6%+75.0%
Net margin16.0%n/an/a
Diluted EPS$2.48$1.76$1.33+40.9%+86.5%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free 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

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow235n/an/a
Capital expenditure21.2n/an/a
Free cash flow214n/an/a
Free cash flow margin16.4%n/an/a
Cash from investing-18.8n/an/a
Cash from financing-213n/an/a
Depreciation and amortisation51.752.556.4-1.6%-8.4%
Share-based compensation16.9n/an/a
Buybacks217n/an/a
Diluted shares, weighted86m85m90m+1.7%-4.3%
Shares outstanding at period end82m82m89m+0.1%-7.3%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity3713351,090+10.9%-66.0%
Debt2,4632,4631,979-0.0%+24.5%
Operating lease liabilities698n/an/a
Other liabilities3,885n/an/a
Total liabilities and equity7,416n/an/a
Fixed assets274n/an/a
Goodwill2,951n/an/a
Intangible assets714n/an/a
Cash and equivalents756766713-1.2%+6.2%
Receivables1,365n/an/a
Other assets1,355n/an/a
Total assets7,416n/an/a

Questions

What was Gartner's revenue in Q4 FY2021?

Gartner (IT) reported revenue of $1.3 billion for Q4 FY2021, the quarter ended 31 December 2021, up 17.4% on the same quarter a year earlier.

How much did Gartner earn in Q4 FY2021?

Net income for Q4 FY2021 was $209 million, up 75.0% on the year, and diluted earnings per share $2.48.

When did Gartner report Q4 FY2021 results?

Gartner filed its 10-K for the year that ended with the quarter on 23 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,3061,2631,3771,3321,5051,4091,5031,4091,5861,4731,5951,4841,7151,5341,6861,5241,7531,5111,6761,505
Cost of revenue400377425417475435487451530459513475575475532474573429487433
Gross profit9078869529151,0299741,0169581,0561,0221,0951,0151,1451,0651,1581,0571,1881,0861,1981,076
Gross margin69%70%69%69%68%69%68%68%67%69%69%68%67%69%69%69%68%72%72%71%
SG&A667618605613645657680661704690712712771730777763798726765747
Operating income18521729725333240828324430127431924631827832786.3334316379281
Operating margin14%17%22%19%22%29%19%17%19%19%20%17%19%18%19%6%19%21%23%19%
Interest expense33.431.429.730.334.827.424.621.859.019.220.018.073.913.411.816.383.821.022.323.6
Pre-tax income17721527623230438126422427726029952730226731869.5314292355256
Tax rate-18%20%26%25%16%22%25%20%25%19%23%21%-32%21%24%49%23%24%22%16%
Net income20917320517425729619818020921123041539921124135.4242222275214
Net margin16%14%15%13%17%21%13%13%13%14%14%28%23%14%14%2%14%15%16%14%
Diluted EPS$2.48$2.08$2.53$2.17$3.21$3.68$2.48$2.26$2.64$2.67$2.93$5.32$5.11$2.71$3.11$0.47$3.36$3.18$4.14$3.35
Operating cash flow235168416315203165436331224189370591335314384299295391398294
Capital expenditure21.217.321.132.137.621.125.628.528.022.729.425.823.925.636.229.523.820.419.919.3
Free cash flow214150395283166144410302196166341565311288347269271371378275
Buybacks21745147996.517.310713220915822534068.71021632741,056498535547138
Shares outstanding82m81m79m79m79m79m79m78m78m78m77m77m77m77m76m72m70m67m63m63m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free 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. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 23 February 2022: the filing.