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Gartner issues preliminary FY'18 guidance

Gartner Inc. has provided its preliminary financial outlook for 2018.

For full year 2018, the company projects total GAAP revenue to be in range of $4.10 billion to $4.20 billion. Total adjusted revenue is expected to range from $4.11 billion to $4.21 billion.

Operating income for 2018 is expected to be $301 million to $351 million. The company expects GAAP EPS of $1.26 to $1.66 and adjusted EPS of $3.71 to $4.11.

For the quarter ended Dec. 31, 2017, the company reported net income of $107.3 million, or $1.16 per share, up from $66.5 million, or 79 cents per share, in the year-ago period.

For full year 2017, Gartner reported net income of $3.3 million, or 4 cents per share, down from $193.6 million, or $2.31 per share, in the year-ago period. The company recorded several large increases to expenses, as well as a benefit for income taxes, for the full year. Amortization of intangibles rose to $176.3 million from $24.8 million, while acquisition and integration charges grew to $158.5 million from $42.6 million.