Gartner Inc. Reveals 55% Gain In Q1 Profit

(RTTNews) - Gartner Inc. (IT) revealed a profit for its first quarter that increased from last year.

The company said its bottom line climbed to $50.91 million, or $0.61 per share. This was up from $32.88 million, or $0.37 per share, in last year's first quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 18.3% to $557.27 million. This was up from $471.19 million last year.

Gartner Inc. earnings at a glance:

-Earnings (Q1): $50.91 Mln. vs. $32.88 Mln. last year. -Earnings Growth (Y-o-Y): 54.8% -EPS (Q1): $0.61 vs. $0.37 last year. -EPS Growth (Y-o-Y): 64.9% -Analysts Estimate: $0.44 -Revenue (Q1): $557.27 Mln vs. $471.19 Mln last year. -Revenue Change (Y-o-Y): 18.3%