Gartner Group reports record revenue and profit growth.STAMFORD Stamford, town, England Stamford, town (1991 pop. 18,127), in the Parts of Kesteven, Lincolnshire, E central England, on the Welland River. It is a market town. Products include diesel engines, electrical equipment, bricks, and tiles. , Conn.--(BUSINESS WIRE)--Nov. 8, 1995--Gartner Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NMS See NetWare Management System. :GART GART Phosphoribosylglycinamide Formyltransferase/Phosphoribosylglycinamide Synthetase/Phosphoribosylaminoimidazole Synthetase GART Graphics Address Remapping Table (AGP chipset) GART Graphics Address Relocation Table ), the leading provider of research and advice on the information technology (IT) industry, today announced fourth quarter and fiscal 1995 year-end year-end also year·end n. The end of a year. adj. Occurring or done at the end of the year: a year-end audit. Noun 1. results. Total revenues for fiscal 1995 were $229.2 million, up 36 percent from $169 million in fiscal 1994. Net income was $25.5 million for the year, a 71 percent increase from $15 million in fiscal 1994. Earnings per share were 56 cents, up from 33 cents in fiscal 1994. Operating contribution was $46.9 million, a 52 percent increase from $30.8 million a year ago. For the fourth quarter, total revenues were $64 million, up 39 percent from $46 million in the fourth quarter of fiscal 1994. Net income for the quarter was $6.2 million, a 78 percent increase compared to $3.5 million in 1994. Earnings per share increased 63 percent to 13 cents on 46.6 million shares. "We are very pleased with our year-end results," said John Halligan John Halligan (4 May 1876 – 11 December 1934) was an admiral of the United States Navy in the early 20th century. Halligan, born 4 May 1876 in South Boston, Mass., graduated from the United States Naval Academy at the head of his class in 1898. , executive vice president and chief financial officer. "Strong acceptance of our new products, improved European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. performance and new distribution programs resulted in an earnings performance exceeding our expectations. We experienced particular strength in orders for our Real Decisions' benchmarking products and record attendance at more than 20 conferences worldwide in 1995. In addition, our new computer-based training See CBT. (application) Computer-Based Training - (CBT) Training (of humans) done by interaction with a computer. The programs and data used in CBT are known as "courseware." products, as well as our online service, @vantage(TM), were well-received by the marketplace." Halligan continued, "Over the last 12 months, operating contribution margin improved from 18.2 percent to 20.5 percent largely as a result of successfully leveraging our existing resources and taking advantage of cost efficiencies." Contract value at Sept. 30, 1995, was $260.2 million, representing a 37 percent increase from fiscal 1994. Additionally, backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. for nonsubscription-based products increased substantially. The company defines contract value as the annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. subscription fees under all continuous service contracts in effect at a given point in time, without regard to the duration of the contracts outstanding at such time. Gartner Group (company) Gartner Group - One of the biggest IT industry research firms. Address: Connecticut, USA. also announced the purchase of Nomos Ricerca S.r.l., a leading Italian IT consulting and market research firm. Nomos, established in 1975 and located in Milan, provides custom consulting, market research and technology assessment services to the Italian IT industry. The terms of the transaction were not disclosed. "The acquisition of Nomos continues our international expansion strategy to strengthen local language and analysis capabilities in the global IT marketplace," said Manny Fernandez Manny Fernandez is the name of at least three people:
Gartner Group Inc., based in Stamford, is the leading provider of IT advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . Founded in 1979, Gartner Group serves 5,500 client organizations worldwide. Additional corporate information is available on the World Wide Web at the following URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.gartner (Gartner, Inc., Stamford, CT, www.gartner.com) The largest information technology consulting firm that specializes in research and analysis. Founded in 1979 by Gideon Gartner, it has grown through acquisitions, including Dataquest in 1995 and Techrepublic in 2000. .com. -0-
GARTNER GROUP, INC.
Operating Results
(Dollars in thousands, except per share data)
Quarter Ended Fiscal Year Ended
Sept. 30 Sept. 30,
1995 1994 % Change 1995 1994 % Change
Revenues:
Continuous services $55,315 $38,798 43 $194,333 $139,865 39
Other 8,667 7,200 20 34,819 29,137 20
Total revenues 63,982 45,998 39 229,152 169,002 36
Operating expenses
Cost of services and
product development 22,558 14,717 53 79,232 55,571 43
Sales & marketing 20,582 15,223 35 66,086 50,632 31
General &
administrative 8,764 7,998 10 32,511 28,126 16
Depreciation 1,177 1,070 10 4,393 3,863 14
Total costs &
expenses 53,081 39,008 36 182,222 138,192 32
Operating contribution 10,901 6,990 56 46,930 30,810 52 Amortization 1,090 897 22 3,694 3,453 7 Operating income 9,811 6,093 61 43,236 27,357 58 Net interest income (expense) 905 192 F 2,271 150 F Preferred stock dividend -- -- -- (152) Income before minority interest and taxes 10,716 6,285 71 45,507 27,355 66 Minority interest (98) -- (98) -- Income before taxes 10,814 6,285 72 45,605 27,355 67 Provision for income taxes 4,609 2,800 65 20,066 12,380 62 Net income $6,205 $3,485 78 $25,539 $14,975 71 Net income per common share $0.13 $0.08 63 $0.56 $0.33 70 Weighted average shares outstanding 46,550 46,558 45,881 46,004 -0-
Gartner Group Inc.
Balance Sheet Data
(dollars in thousands)
As of Sept. 30
1995 1994 % Change
ASSETS
Total current assets $217,802 $164,509 32
Furniture and equipment, net 19,820 9,580 107
Intangibles, net 58,271 55,007 6
Other assets 4,705 3,461 36
Total assets $300,598 $232,557 29
LIABILITIES & STOCKHOLDERS' EQUITY
Total Current liabilities $211,799 $171,333 24
Noncurrent liabilities 3,300 12,196 (73)
Total liabilities 215,099 183,529 17
Total stockholders' equity 85,499 49,028 74 Total liabilities and stockholders' equity $300,598 $232,557 29
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Selected Statistical Data
(in thousands) As of September 30,
1995 1994 % Change
Contract value $260,176 $190,140 37 Client organizations 5,500 4,460 23 Client interfaces 19,219 14,779 30 Continuous services offered 50 43 16 CONTACT: Gartner Group Inc., Stamford 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. L. Schlueter, Director, Investor Relations Investor relations The process by which the corporation communicates with its investors. 203/975-6537 jschluet@gartner.com |
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