Gartner, Inc. (IT) has reported a marginal increase of 0.39 percent in profit for the quarter ended Sep. 30, 2016. The company has earned $30.48 million, or $0.36 a share, compared with $30.37 million or $0.36 a share, a year ago. Revenue during the quarter grew 14.77 percent to $574.06 million from $500.17 million in the previous year period. Gross margin for the quarter contracted 16 basis points over the previous year period to 61.13 percent. Total expenses were 91.51 percent of quarterly revenues, up from 89.51 percent for the same period last year. That has resulted in a contraction of 200 basis points in operating margin to 8.49 percent.
Operating income for the quarter was $48.73 million, compared with $52.47 million in the previous year period.
Gene Hall, Gartners chief executive officer, commented, "We delivered another quarter of double-digit growth in all our key metrics. As we enter the fourth quarter of the year, we have great momentum, a very robust pipeline and strong operational execution. Our results demonstrate the incredible value we deliver to our clients. I am excited about our business and our ability to achieve long term growth in cash flow and earnings."
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