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Gartner Stock Plummets 30.3% Amid Growth Concerns and AI Push
Gartner Stock Plummets 30.3% Amid Growth Concerns and AI Push
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BTCCSquare news:
Gartner shares plunged 30.3% this week after reporting Q2 earnings that revealed slowing contract growth, despite meeting Wall Street expectations. The IT research firm posted $3.11 EPS on $1.7 billion revenue and repurchased $274 million in stock, but its 4.9% year-over-year contract value growth alarmed investors.
The company unveiled "AskGartner," an AI-powered research tool, to counter slowing momentum. Yet skepticism remains as competitors leverage OpenAI and Anthropic's infrastructure for in-house solutions. Trading at historically low multiples, Gartner faces mounting pressure to prove its AI strategy can reignite growth.
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