Gartner Inc is a leading research and advisory company that specializes in providing insights, guidance, and tools to help organizations make informed decisions in the realm of technology and business strategies
The company delivers a wide range of services, including research reports, consulting, and events, covering various industries and sectors. Gartner's extensive database of market analysis and expert recommendations empowers clients to navigate complex technological landscapes, optimize performance, and drive innovation, ultimately enhancing their competitive advantage in the marketplace.
Shares of research and advisory firm Gartner (NYSE:IT) fell 8% in the afternoon session after Defense Secretary Pete Hegseth announced that the government would cancel some consulting contracts, including those with Gartner. Also, another consulting firm, Accenture, reported its Q4 2024 (fiscal Q2 2025) financial results and raised concerns about weaker sales in the fed vertical. Accenture CEO Julie Spellman Sweet noted that the new administration is focused on improving government efficiency, leading to a slowdown in procurement processes and negatively impacting sales.
These updates showed that Gartner's growth could face pressure as the government continues its cost-cutting efforts.
Shares in IT government contractors Booz Allen, Gartner tumbled after Secretary of Defense Pete Hegseth said the Pentagon was canceling $580 million in contracts. But Palantir stock rose.
Let's have a look at what is happening on the US markets in the middle of the day on Thursday. Below you can find the top S&P500 gainers and losers in today's session.
Stay updated with the movements of the S&P500 index in the middle of the day on Tuesday. Discover which stocks are leading as top gainers and losers in today's session.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Gartner (NYSE:IT) and the rest of the it services & consulting stocks fared in Q4.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q4. Today, we are looking at it services & consulting stocks, starting with Grid Dynamics (NASDAQ:GDYN).
Business services providers play a critical role for enterprises, assisting them with everything from new hardware integrations to consulting and marketing. These firms have helped their customers unlock huge efficiencies,
so it’s no surprise the industry has posted a 6.8% gain over the past six months, beating the S&P 500 by 3.2 percentage points.
The US market is yet to commence its session on Tuesday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
Gartner saw its shares rise after reporting strong fourth-quarter earnings, with sales growing 8.1% to $1.72 billion. The company exceeded analyst expectations, driven by a 7.8% rise in Global Contract Value.
U.S. stocks advanced midday Tuesday, demonstrating resilience despite escalating geopolitical tensions and trade uncertainties between the world’s two largest economies.
