Gartner sees increased revenues for Q1

The company saw total revenues of $406.8m, an increase of 10% compared with the first quarter of 2012 with net income of $36.7m – an increase of 7%.

Its research segment saw Q1 revenues up 13% compared with Q1 2012 at $310.3m while contract value was $1.27bn at 31 March 203, up 14% while client retention rate was 82%.

However, Gartner’s consulting arm saw a 3% decrease in revenues at $72.6m compared to Q1 2012 but the company said that the backlog – at $97.5m – and the pipeline for Q2 was strong.

Meanwhile, events revenue saw an increase of 19% to $23.8m compared with the first quarter of 2012.

Gartner’s CEO Gene Hall said: “We continue to see robust demand for our services across all three segments. Research contract value grew 14% on an FX neutral basis with all geographies, industries and client sizes growing at double digit rates.”