Gartner Inc Stock Price, News & Analysis

FiscalNote Holdings (NYSE: NOTE) has appointed Richard Henderson as Chief Revenue Officer, effective immediately. Henderson brings over 20 years of experience in global leadership roles at high-growth technology firms. Previously, he significantly increased annual recurring revenue and improved EBITDA margins at Higher Logic. His experience at Corporate Executive Board involved driving substantial sales growth. This appointment aims to enhance FiscalNote's sales strategy and accelerate profitability by Q4 2023, positioning the company for continued global growth.

Gartner, a leading research firm, has unveiled its top five marketing predictions for 2023 and beyond. Key insights include that by 2027, 80% of marketers will establish content authenticity functions to combat misinformation. By 2025, 70% of CMOs will prioritize ethical AI accountability. Furthermore, many brands are expected to shift budgets toward product placement in entertainment content due to rising ad avoidance. Notably, one-in-three businesses without loyalty programs will implement them by 2027 to enhance customer retention.

Gartner, Inc. (NYSE: IT) highlights a looming talent crisis within B2B sales, projecting that by 2028, 50% of sales leadership roles will be filled by individuals from underrepresented groups. Currently, there are only three candidates available for each open B2B sales job, with positions remaining vacant for an average of two months. Chief Sales Officers (CSOs) are urged to revamp recruitment practices and focus on diversifying talent pipelines to tackle these challenges and retain diverse employees.

Gartner, Inc. highlights three key trends impacting CMOs in 2023:

• Shifting customer behaviors amid inflation lead to uncertain demand.
• Cross-functional collaboration results in poor organizational outcomes.
• Disruptive market dynamics erode traditional brand value.

To drive growth, CMOs must prioritize customer value, adapt team structures, and redefine brand investments. Notably, a significant percentage of consumers are opting for store brands, indicating increased challenges for established brands.

Gartner, Inc. (NYSE: IT) announced that Craig Safian, Executive Vice President and Chief Financial Officer, will speak at the J.P. Morgan Ultimate Services Investor Conference on November 17, 2022, at 2:55 pm Eastern Time. A live webcast will be available on Gartner's investor relations website, with a replay accessible for 30 days after the event. Gartner provides actionable insights to executives, helping them make informed decisions on critical organizational priorities. For more information, visit gartner.com.

Gartner reported strong Q3 2022 results with revenues reaching $1.3 billion, a 15.2% increase YoY, and 20.4% growth FX neutral. Net income grew to $174 million, while diluted EPS rose 23.3% to $2.17. Adjusted EBITDA increased 8.5% to $332 million. The total contract value reached $4.5 billion, marking a 14.5% increase YoY FX neutral. The company's positive outlook and guidance were raised, reflecting a strong demand and robust operational performance.

Gartner's recent survey shows that while 89% of board directors believe digital business is integral to growth strategies, only 35% have achieved digital transformation goals. The survey highlights a shift in accountability, with 28% of directors naming CEOs as the primary leaders in driving digital initiatives. Additionally, 40% prioritize investing in AI and machine learning, while 64% plan to increase their risk appetite through 2024. Boards are evolving towards a 'digital economic architecture' to capture similar benefits as digital-native companies.

Gartner projects global IT spending to reach $4.6 trillion in 2023, marking a 5.1% increase from 2022. Despite economic turmoil, enterprise IT budgets are reportedly increasing as businesses prioritize digital initiatives. However, consumer purchasing power has declined, leading to an 8.4% drop in device spending for 2022 and a projected 0.6% decline in 2023. Key segments include software, expected to grow by 11.3%, while devices and communications services face declines in spending.

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