Gartner raises annual profit forecast after strict cost cuts

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(Reuters) -Technology research firm Gartner topped quarterly profit expectations on Tuesday and bumped up its full-year earnings forecast, signaling that tight cost controls were helping it stay resilient despite tariff-driven economic uncertainty.

The company now expects adjusted earnings per share of at least $11.70 for 2025, up from its previous estimate of $11.45 per share.

Stamford, Connecticut-based Gartner, whose 15,000 clients include Accenture and Cognizant, benefited in the first quarter from disciplined spending and steady demand for its subscription-based research services. Its research business, the company’s largest, grew 4.2% in the reported quarter.

Gartner operates across three main segments. Research, which provides syndicated insights and data through subscriptions, Consulting, offering custom advice and execution support, and Conferences, bringing executives across industries together.

Its first-quarter adjusted profit rose to $2.98 per share, beating an estimate of $2.72 per share, according to data compiled by LSEG.

Total costs rose 4.7% in the March quarter, a smaller increase than the 8.8% rise the company reported in the prior quarter.

Revenue came in at $1.53 billion, up 4.2% from a year earlier but just shy of the $1.54 billion expected by analysts.

Gartner lowered its full-year 2025 revenue forecast to $6.53 billion from an earlier prediction of $6.56 billion.

(Reporting by Meghana Khare; Editing by Pooja Desai)