Gartner, Inc. (NYSE:IT) will look for acquisitions. Chief Financial Officer, Craig Safian said, “At the end of the third quarter, we had $554 million of cash. After pausing share repurchases at the start of the pandemic, we are in a position to resume our normal capital allocation programs. Going forward, we will deploy excess cash for share repurchases and strategic tuck-in acquisitions. At the end of the quarter, we had about $1 billion of revolver capacity and have around $680 million remaining on our share repurchase authorization. We are updating our full year outlook to reflect Third Quarter performance, a modestly better demand environment, including the successful launch of virtual conferences and cost restoration plans”.
Gartner, Inc. specializes in analysis and consulting services in IT and communication technologies. Net sales break down by activity as follows:
- research and analysis services (82.7%): conducting analyzes, market assessment, and publication of research to help clients gain market visibility and select suppliers of products or services best suited to their needs;
- consulting services (8.7%): consulting services in the selection and implementation of IT projects, digital marketing strategy, development and realization of information systems architectures, digital transformation projects, etc.;
- organization of congresses, conferences and exhibitions (8.6%).
At the end of 2023, the group had around 2,500 analysts and 950 consultants around the world.
Net sales are distributed geographically as follows: the United States and Canada (66.2%), Europe/Middle East/Africa (22.6%) and other (11.2%).
GARTNER, INC. 
