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Gartner Incorporated (), a Connecticut based information technology research company, said its first quarter profit more than doubled. The company communicated that its impressive earnings growth was due largely to greater contract revenue. This is likely to motivate as the growth is attributed directly to the company's business operations. The company said its net income reached $21. 5 million, or 21 cents per share, for its quarter, which ended on March 31. During last year's first quarter, the company netted $8. 2 million, or 8 cents per share. This means that the company increased its profit more the double, which definitely emboldens investors maintain Gartner in the as part of a long-term strategy.

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Company sales were up 10 percent during the quarter at $290. 1 million. Last year's quarterly revenue was $264. 2 million. Analysts greatly underestimated the company's growth. Estimates called for a much smaller profit of 9 cents per share, on sales of $285. 1 million. This much better than expected earnings drove as Gartner was up over 3 percent in early trade following the news.
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The company said information technology research revenue, a primary driver of business, grew 19 percent. Consulting revenue was up a modest two percent. In its full year outlook, the company said it expects earnings of 88 to 98 cents per share. Buy ismo this is more in line with analysts who have called for gains of 94 cents per share for 2008. If a company's share price spikes strongly, it is possible may be a good strategy as can be put into play to provide potential income and also provide downside protection. Another reason these strategies may become more enticing is that the one year price target for the stock is $24. It currently trades just above that mark. This does not guarantee the stock cannot move up more over that time, but it may make investors more cautious about diving in. Gartner has long been recognized as leader in industry research reports that it provides to companies and organizations. Technology companies regularly rely on outsourced research to help keep in touch with industry trends, product development, competition, and other items relative to their companies. Investors seem to be holding steady immediately following the announcement, as the less than $1 trading range on the day offers limited . Over the last 52 weeks, the company has traded between $15 and $28. The fact that the company currently trades near its 52-week high may keep some conservative gurus from including Gartner in their . As the US economy picks up steam, companies are going to be looking more and more for a competitive advantage. The IT sector is especially competitive so companies in that industry are likely to demand more premium information from companies like Gartner. For more about how to identify and research in , and , visit the website. There you will find the data you need to make quick, clear, and informed decisions. You can invest with the confidence that you have the most recent, up-to-date information in and . Also, buy ismo PowerOptions will allow you buy ismo, with a few quick clicks, to quickly and accurately compare [buy ismo] stocks. ' premium customer support is second to none in the industry. They can be easily contacted when you need them at their toll-free number to answer customer questions. Call them now toll free at 877-992-7971. provides a of its service. So join PowerOptions today, and you too can start reaping the benefits of . [tags] US, IT, Gartner Inc. , covered call investing, covered call strategies, implied volatility, investing in stock options, long term stock picks, poweroptions, stock investing, stock market help, stock market investment strategies, stock options, stock research, stock trading [/tags]


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