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Gartner Group corrects items in Operating Results table.


--(BUSINESS WIRE)--April 17, 1996--In BW0014 Gartner Group (company) Gartner Group - One of the biggest IT industry research firms.

Address: Connecticut, USA.
 Announces Second Quarter Results, in Operating Results table, items should read: Net Income (sted Net Income Per Common Share) and Earnings Per Common Share (sted Net Income Per Common Share).

The corrected table follows:

(Dollars in thousands, except per share data)


OPERATING RESULTS


                         Three Months Ended        Six Months Ended
                             Mar. 31,                 Mar. 31,
                        1996  1995   %           1996     1995    %
                                   Change                       Change


Revenues


Continuous services   $75,006  $54,162  38    $147,013  $108,990  35
 Other                 15,828   11,377  39      40,296    27,855  45
 Total revenues        90,834   65,539  39     187,309   136,845  37


Operating expenses
 Cost of services
  and product
   development         34,122   24,203  41      71,201    51,099  39
 Sales and marketing   23,096   18,419  25      48,002    37,944  27
 General and
  administrative       10,974    8,227  33      21,455    17,237  24


 Transaction costs         --       --           1,665        --
 Depreciation           2,012    1,653  22       4,249     3,355  27
 Total costs
  and expenses         70,204   52,502  34     146,572   109,635  34


Operating
 contribution          20,630   13,037  58      40,737    27,210  50


Amortization              883      939  (6)      1,655    1,806   (8)
Operating income       19,747   12,098  63      39,082   25,404   54


Net interest income       827      363  128      1,629      698   133


Income before
 min int & taxes       20,574   12,461  65      40,711   26,102    56


Minority interest          25       --             --       --


Income before
 taxes                 20,549   12,461  65      40,711   26,102    56


Provision for
 income taxes           8,837    5,184  70      17,506   11,190    56


Net income            $11,712   $7,277  61     $23,205  $14,912    56


Earnings per
 common share           $0.12    $0.08  50       $0.24    $0.16    50


Weighted
 average shares
  outstanding          99,294   93,884  --      98,412   93,536    --


CONTACT: Gartner Group, Inc.

Jennifer Jennifer became a common first name for females in English-speaking countries during the 20th century. The name Jennifer is a Cornish variant of Guinevere, deriving ultimately from Proto-Celtic *windo-seibaro- "white ghost", via Brythonic *wino-hibirā (cf.  Schlueter, 203/316-6537
COPYRIGHT 1996 Business Wire
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Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Article Type:Correction Notice
Date:Apr 17, 1996
Words:310
Previous Article:Equity Inns completes common stock offering of seven million shares.
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