Gartner Expands Stock Repurchase Plan; Strong Cash Flow & Healthy Balance Sheet Support Buyback Program.

Business Editors

STAMFORD, Conn.--(BUSINESS WIRE)--Aug. 1, 2002

Gartner, Inc. (NYSE: IT and ITB), the world's leading technology research and advisory firm, announced today that its Board of Directors has authorized the purchase of up to $50 million of Gartner Class A and Class B common stock.

The extension is in addition to the $18 million that remains under a previous repurchase program of $75 million announced last July. As of June 30, 2002, the Company had acquired a total of 5,294,209 shares of its outstanding common stock at a cost of approximately $57 million.

Michael D. Fleisher, Gartner chairman and chief executive officer, said, "This expanded buyback program reflects our confidence in our ability to continue to deliver strong, consistent cash flow and a very healthy balance sheet. We firmly believe that purchasing our shares is an excellent use of capital and underscores our commitment to the best interests of our shareholders."

Repurchases will be made from time to time over the next two years through open market purchases, through block trades or otherwise. Repurchases are subject to the availability of stock, prevailing market conditions, the trading price of the stock, and the Company's financial performance. Repurchases will be funded from cash flow from operations and possible borrowings under the Company's existing credit facility. Repurchases will be made proportionately between shares of the two classes of common stock. As of June 30, 2002, there are 52.1 million shares of Gartner Class A common stock and 31.1 million shares of Gartner Class B common stock outstanding.

About Gartner

Gartner, Inc. is a research and advisory firm that helps more than 10,500 clients understand technology and drive business growth. Gartner's businesses consist of Gartner Research, Gartner Consulting, Gartner Measurement and Gartner Events. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, and has 4,000 associates, including 1,200 research analysts and consultants, in more than 90 locations worldwide. Fiscal 2001 revenue totaled $963 million. For more information, visit www.gartner.com.

This press release contains statements regarding the Company's business outlook, the development of the Company's services, the demand for the Company's products and services and all other statements in this release other than recitation of historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially include, but are not limited to: ability to expand or even retain the Company's customer base in light of the adverse current economic conditions; ability to grow or even sustain revenues from individual customers in light of the adverse impact of the current economic conditions on overall IT spending; the duration and severity of the current economic slowdown; ability to attract and retain professional staff of research analysts and consultants upon whom the Company is dependent; ability to achieve and effectively manage growth; ability to achieve continued customer renewals and achieve new contract value, backlog and deferred revenue growth in light of competitive pressures; ability to integrate operations of possible acquisitions; ability to carry out the Company's strategic initiatives and manage associated costs; ability to manage the Company's strategic partnerships; rapid technological advances which may provide increased indirect competition to the Company from a variety of sources; substantial competition from existing competitors and potential new competitors; risks associated with intellectual property rights important to the Company's products and services; additional risks associated with international operations including foreign currency fluctuations; and other risks listed from time to time in the Company's reports filed with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2001. These filings can be found on Gartner's web site at www.gartner.com/investors and the SEC's web site at www.sec.gov. The Company disclaims any obligation to revise or update forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events or circumstances.