Exhibit 99.1
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Gartner Provides Update Regarding First Quarter 2020 Conferences
STAMFORD, Conn., March 9, 2020 — Gartner, Inc. (NYSE: IT), the world’s leading research and advisory company, today announced that out of an abundance of caution and in consideration of travel restrictions and guidelines implemented by governments and commercial organizations due to the novel coronavirus(COVID-19), it has cancelled or postponed destination conferences scheduled for the remainder of the first quarter of 2020. These conferences include the Gartner Data & Analytics Summit in London and the Gartner Data & Analytics Summit in Texas, as well as some other smaller conferences.
Since the onset of theCOVID-19 outbreak, our teams have been closely monitoring the rapidly evolving situation. Gartner’s highest priority is the health and safety of our associates, clients, vendors, partners, and other stakeholders. As such, we determined earlier in the quarter that it was prudent to cancel two smaller conferences that were scheduled to be held in Tokyo and Dubai.
Gartner estimates the first quarter 2020 financial impact from cancelling or postponing conferences will be approximately $36 million of Adjusted EBITDA, with the largest impact from the Data & Analytics Summit in Texas. This is Gartner’s current estimate as of the date of this announcement, and the ultimate adverse financial impact from these cancellations and postponements may be affected by a number of factors, including, among others, our ability to reschedule these conferences later in the year, our ability to recoup certain costs already expended on these conferences, and our ability to obtain reimbursement under our insurance policies. Additionally, the ongoing impact ofCOVID-19 remains difficult to project given uncertainty related to its magnitude, duration, geographic reach, impact on the global economy and potential travel restrictions.
Gartner noted it will seek to reschedule some conferences later in 2020 where feasible. Conferences scheduled for the second quarter of 2020 and beyond are currently expected to proceed as planned. The Company will continue to monitor the evolving situation and will be making determinations for future conferences on acase-by-case basis, with Gartner’s highest priority being the health and safety of all those involved. The Company will provide further information and expects to update its outlook for full year 2020 to reflect the above financial impact on its first quarter 2020 earnings call in early May 2020.
About Gartner
Gartner, Inc. (NYSE: IT), is the world’s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities and build the successful organizations of tomorrow.
Our unmatched combination ofexpert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We are a trusted advisor and an objective resource for more than 15,000 enterprises in more than 100 countries — across all major functions, in every industry and enterprise size.
To learn more about how we help decision makers fuel the future of business, visit gartner.com.
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