Gartner Raises Full-Year Forecast as Corporate IT Spending Holds Strong
IT research giant Gartner Inc. lifted its full-year profit and revenue outlook after posting stronger-than-expected third-quarter earnings. The company said continued demand for digital transformation and AI-driven consulting services supported growth despite macroeconomic headwinds. Shares rose nearly 6 percent after the announcement.
Gartner now expects adjusted earnings of $12.65 per share, up from $11.75 previously, and full-year revenue of $6.48 billion. The firm reported a 3 percent increase in its core insights segment, which provides data and research to global corporations. Subscription renewals also remained solid, reflecting high retention among enterprise clients.
Executives said that companies are prioritizing technology investment even amid budget scrutiny. “Digital agility has become essential,” CEO Gene Hall said, noting that clients are focusing on AI readiness and operational resilience. The company’s consulting and events divisions both saw double-digit growth.
Analysts view Gartner’s performance as a positive signal for the wider IT services sector. It suggests that organizations continue to spend on analytics and digital infrastructure to remain competitive. The report also boosted confidence in the broader tech industry following recent mixed results.
Gartner’s strong guidance highlights the resilience of information services in uncertain times, reinforcing its position as a bellwether for corporate technology trends.
Source: Reuters.
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