Gartner shares fell nearly 20% Tuesday morning and were still down about 13% at 3:30 p.m. ET, despite beating its own forecasts and raising its full-year outlook. Contract value, the metric investors watch most closely, rose 2.5% year over year to $5.3 billion, its third straight quarter of faster growth but still slow. Revenue slipped 1.3% to $1.5 billion, partly due to the sale of its Digital Markets unit, while adjusted EPS jumped 30% to $3.59. Gartner repurchased $1.7 billion of stock over the past four quarters, reducing shares outstanding by close to 15%. The article says the stock may not get much credit until contract value growth picks up, amid pressure from the war in the Middle East and new tech layoffs.
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