Gartner (IT) Revenue — Quarter Ended Mar 31, 2024
Revenue declined sequentially from the immediately preceding quarter but rose compared to the same quarter one year earlier. The trailing twelve-month revenue remained at a similar level.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined sequentially from the immediately preceding quarter but rose compared to the same quarter one year earlier. The trailing twelve-month revenue remained at a similar level.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.5B
Revenue reported for this quarter.
Quarter-over-quarter
-7.1%
Change from the immediately preceding quarter.
Year-over-year
+4.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $1.5B | +9.2% |
| Sep 30, 2023 | $1.4B | +5.8% |
| Dec 31, 2023 | $1.6B | +5.4% |
| Mar 31, 2024 | $1.5B | +4.5% |
Revenue performance
The reported revenue for the quarter showed a decrease from the prior quarter, while it increased on a year-over-year basis.
Quarterly comparison
When compared to the preceding quarter, revenue was lower. However, compared to the same quarter a year ago, revenue was higher.
What to watch
The sequential decline in revenue warrants attention in the context of the company's overall revenue trend.