IT - Gartner, Inc.

NYSE - Nasdaq Real-time price. Currency in USD
+0.62 (+0.44%)
As of 2:50PM EDT. Market open.
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Previous close139.17
Bid139.73 x 1000
Ask139.82 x 900
Day's range138.84 - 139.90
52-week range120.89 - 171.78
Avg. volume461,176
Market cap12.6B
Beta (3Y monthly)1.43
PE ratio (TTM)58.24
EPS (TTM)2.40
Earnings date30 Oct. 2019 - 4 Nov. 2019
Forward dividend & yieldN/A (N/A)
Ex-dividend date1999-07-19
1y target est151.38
Trade prices are not sourced from all markets
  • Don't Sell Gartner, Inc. (NYSE:IT) Before You Read This
    Simply Wall St.

    Don't Sell Gartner, Inc. (NYSE:IT) Before You Read This

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

  • Amazon and Alibaba: Comparing Their Cloud Businesses
    Market Realist

    Amazon and Alibaba: Comparing Their Cloud Businesses

    According to an analyst at Wedbush Securities, Alibaba is currently targeting a $100 billion cloud computing opportunity in China.

  • Twitter Blames Mobile Carrier for Dorsey’s Vulgar Account Hack

    Twitter Blames Mobile Carrier for Dorsey’s Vulgar Account Hack

    (Bloomberg) -- Twitter Inc. blamed Chief Executive Officer Jack Dorsey’s mobile phone carrier for a hack of his Twitter account that sent out a stream of offensive tweets on Friday.“The phone number associated with the account was compromised due to a security oversight by the mobile provider,” Twitter said in a comment posted by spokesman Brandon Borrman late Friday.Borrman clarified Saturday that the company isn’t identifying the carrier, and so far none of the four major U.S. mobile providers has admitted responsibility.The security incident “allowed an unauthorized person to compose and send tweets via text message from the phone number. That issue is now resolved,” according to the Friday statement. The clarification appears to support speculation that Dorsey was the victim of SIM swapping. That’s when someone convinces a mobile carrier to switch an existing number to a new SIM card they control. In this case, it may have required the hackers to have personal details that would allow them to convincingly impersonate one of Silicon Valley’s best-known figures.More than 15 tweets, many containing obscenities and racist comments, were posted on Dorsey’s account, @jack, shortly before 4 p.m. New York time on Friday. The company started deleting the tweets from Dorsey’s verified Twitter account, which has more than 4 million followers, about 20 minutes after the messages went viral.A person familiar with Sprint’s operations said the company checked late Friday and there was no record of an account associated with Dorsey. A spokeswoman for T-Mobile, Tara Darrow, said that “for privacy and security reasons, we would never discuss an individual’s circumstances or if they are a customer.” Verizon Communications Inc. and AT&T Inc. didn’t respond to queries from Bloomberg News on Saturday asking if they were Dorsey’s provider.The attack may not have required any in-person communication on the part of the fraudster. A group calling itself the Chuckling Squad claimed credit for the hack.“You can call in and say, ‘I bought a new phone and I need a new SIM card assigned to this number,’” said Lawrence Pingree, a research vice president at the IT research company Gartner Inc. If the caller provides the correct information, they might succeed, and the problem is made worse because call centers handle a high volume of calls, he said.Some of the tweets sent from Dorsey’s account used anti-black slurs, praised Adolf Hitler and talked about a bomb at Twitter’s headquarters. Many of them referenced the Chuckling Squad, which also took credit for the hack of several YouTube and Instagram celebrities this month, including James Charles, Shane Dawson, King Bach and Amanda Cerny.Borrman said he “didn’t have anything to share on that right now” when asked whether the FBI or local law enforcement was investigating Dorsey’s hack. Sgt. Samy Tarazi, of the Santa Clara County Sheriff’s Office, whose agency is part of a five-county cyber task force in the Bay area that’s been focused on SIM swapping for the last 18 months, said swapping represents a massive flaw in mobile security because the phone’s user loses all control of their device; the decision to change out the SIM is left to the mobile carrier. Some victims have been hit multiple times.Tarazi said in some cases employees of a mobile carrier are paid to swap the cards by the hackers, but in others, the perpetrators are just clever at impersonating the victim. Tarazi said he’s seen the fraud performed successfully by hackers as young as 13 years old.While the attack on Dorsey’s account didn’t appear to be financially motivated, SIM swapping can be lucrative when used to steal cryptocurrency that’s secured through data or applications linked to a victim’s mobile phone.Prosecuting SIM swaps is challenging because it’s often difficult to explain the process to a judge or jury that isn’t tech savvy, Tarazi said. In addition, “it’s really trying to explain the seriousness of a 16-year-old working from his bedroom in his parent’s house stealing millions of dollars. It’s hard to wrap your head around.”After Dorsey’s hack, other Twitter users expressed concern that an even more prominent and prolific user -- President Donald Trump -- could be just as easily hacked, compromising global political relations. Trump, who regularly uses the service to announce policy decisions, expressed little concern about that scenario.“Well, I hope they’re not hacking my account, but actually if they do, they’re not going to learn too much more than what I put out, right?” Trump told reporters Friday evening as he left the White House. “Shouldn’t be too bad.”Twitter declined to comment on the security measures Dorsey uses. His account was hacked in 2016 through a connection to his Vine account, so he probably uses more security around the account than most users.Twitter lets users post tweets by text, and it’s likely the method that was used to post the offensive remarks, which wouldn’t require having Dorsey’s password or directly hacking Twitter’s systems.The tweets were sent via a service called Cloudhopper that allows tweeting via SMS. Twitter acquired Cloudhopper in 2010.\--With assistance from Andrew Martin and Alyza Sebenius.To contact the reporters on this story: Sarah Frier in San Francisco at;Michael Riley in Washington at michaelriley@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at, Matthew G. Miller, Andrew PollackFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Gartner (IT) Down 6.2% Since Last Earnings Report: Can It Rebound?

    Gartner (IT) Down 6.2% Since Last Earnings Report: Can It Rebound?

    Gartner (IT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Bloomberg

    Startup ThoughtSpot Raises $248 Million at $1.95 Billion Value

    (Bloomberg) -- ThoughtSpot Inc., a Silicon Valley analytics startup, raised $248 million at a valuation of almost $2 billion, underscoring the fast-rising demand for new ways to analyze digital data.The Sunnyvale, Calif.-based company, founded seven years ago by three engineers of Indian origin, raised the money from investors including Lightspeed Venture Partners, Silver Lake Waterman, and Sapphire Ventures. The funding will help expand sales teams in its primary market, North America, as well as Europe and Asia Pacific, and expand its research efforts, the company said in a statement.The co-founders include Ajeet Singh, who helped start enterprise cloud services company Nutanix; Sudheesh Nair, a former president at Nutanix; and Amit Prakash, who worked in analytics for Google and engineering for Microsoft Corp.’s Bing. The startup’s valuation has doubled in the span of five quarters as companies use its search and artificial intelligence-powered analytics.“We’ve built the Google for numbers,” said Nair, ThoughtSpot’s chief executive officer, in a phone interview from Sunnyvale. “We’ve devised a set of capabilities in algorithms that can work on large-scale systems and we’ve incorporated design thinking. We believe this is unique to ThoughtSpot.”ThoughtSpot employs 500 workers, and expects that half of its global R&D will happen out of its operation in India’s technology hub of Bangalore in the next 12 months. It plans to recruit from the country’s top engineering schools to grow its product, design and customer teams in the city.Data analytics is one of the hottest areas in the technology industry, said DD Mishra, senior director analyst at Gartner Inc. “Investors too see the technology as a game-changer,” he said. The analytics and business intelligence software market grew by 11.7% to $21.6 billion in 2018, Gartner said in an April report.Customers include Walmart Inc, De Beers Plc, Hulu and Daimler AG. Walmart, for instance, uses ThoughtSpot’s services to make merchandizing decisions every hour and improve sales by analyzing sales trends for thousands of merchants. Daimler uses them to improve its procurement process where even 1% to 2% improvements in costs can make an impact on the bottom line.“This is a race and there’s so much to be done,” said CEO Nair. The startup will look to make acquisitions and eventually plans an initial public offering. “An IPO is something we aspire to do as our customers are all large global companies that like the transparency of public markets.”To contact the reporter on this story: Saritha Rai in Bangalore at srai33@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at, Colum MurphyFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • What Does Gartner, Inc.'s (NYSE:IT) Share Price Indicate?
    Simply Wall St.

    What Does Gartner, Inc.'s (NYSE:IT) Share Price Indicate?

    Gartner, Inc. (NYSE:IT) saw significant share price movement during recent months on the NYSE, rising to highs of...

  • HURN or IT: Which Is the Better Value Stock Right Now?

    HURN or IT: Which Is the Better Value Stock Right Now?

    HURN vs. IT: Which Stock Is the Better Value Option?

  • Bloomberg

    33-Year-Old Founder Raises $51 Million to Add AI to Call Centers

    (Bloomberg) -- An Indian startup that aims to use artificial intelligence to deliver faster and more personalized customer support for corporate clients is raising $51 million in funding from investors including March Capital Partners and Chiratae Ventures.Uniphore Software Systems Pvt, based in Chennai and Palo Alto, Calif., plans to use the emerging technology to change the labor-intensive business of call centers, displacing workers with machines. Former Cisco Systems Inc. Chief Executive Officer John Chambers’ JC2 Ventures owns about 10% of the startup. Existing backers also include Analog Devices Inc. founder Ray Stata and Infosys Ltd. billionaire co-founder Kris Gopalakrishnan.Umesh Sachdev, 33, founded the company in 2008 with his engineering classmate Ravi Saraogi. They are competing with technology giants like Google, Microsoft Corp. and International Business Machines Corp. as well as at least a dozen AI startups to automate the $350 billion call center industry, helping agents deliver more useful support while decreasing the number of infuriating and ineffectual experiences.“This is one of the largest rounds in an area of deep tech already seeing a lot of investor activity,” CEO Sachdev said in a telephone interview. “It represents the coming of age of conversational AI.”He declined to reveal the startup’s valuation, but said it is “one step away from turning into a unicorn,” the tech industry’s term for a value of $1 billion or more.Voice bots and automated messaging systems are already changing the world of call centers, and experts reckon the majority of human workers will be driven to obsolescence by artificial intelligence. By 2021, about 70% of organizations will integrate AI to assist employee productivity, researcher Gartner Inc forecast earlier this year.Using messaging apps, chatbots and speech-based assistants, so-called conversational artificial intelligence automates communication and delivers personalized experiences. “Virtual agents are gaining ubiquity via smartphones and messaging platforms to support customer care, marketing and employee efficiency,” said Dan Miller, the lead analyst with Saint Paul, Minnesota-based Opus Research.Sachdev estimates that the U.S. alone has 3.9 million call center workers and those numbers will steadily diminish as companies adopt new technologies. “Humans will shift from taking mundane calls to enhancing knowledge and teaching AI what is the good answer and how to resolve issues,” he said.Uniphore will use the funds to hire talent, invest in research and development and accelerate expansion, particularly in its primary market in North America. The startup plans to increase its engineering and development operations to 200 employees in India by the year end, while another 60 will be based in the U.S. and 40 in Europe and Asia Pacific. Its customers include BNP Paribas SA, Genpact Ltd., NTT Data Corp., and PNB MetLife.“Indian entrepreneurs are going from slow-followers to fast-innovators,” said Chambers in an interview earlier this year, explaining why he’s backing Uniphore. “I see a young breed of founders who are hungry for a piece of the future.”To contact the reporter on this story: Saritha Rai in Bangalore at srai33@bloomberg.netTo contact the editors responsible for this story: Peter Elstrom at, Edwin ChanFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Why Gartner Stock Dipped 13.4% in July
    Motley Fool

    Why Gartner Stock Dipped 13.4% in July

    Downward revisions for full-year sales and earnings weighed on the research company's stock last month.

  • Gartner (NYSE:IT) Seems To Use Debt Quite Sensibly
    Simply Wall St.

    Gartner (NYSE:IT) Seems To Use Debt Quite Sensibly

    Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

  • Samsung Shares Slide as Trade Tensions Jeopardize Profit

    Samsung Shares Slide as Trade Tensions Jeopardize Profit

    (Bloomberg) -- Samsung Electronics Co. shares slid after South Korea’s most important company reported sharply lower profit amid global trade tensions and a wireless industry slump.Net income fell 54% from a year earlier to 5.06 trillion won ($4.3 billion) for the three months ended June, the Suwon, South Korea based company said in a statement, while revenue dropped 4% to 56.1 trillion won. Shares slid as much as 3.3%.The world’s largest maker of memory chips and smartphones has been hammered by geopolitical tensions and a wireless slump. The U.S.-China trade war has rattled the global tech-supply chain and weighed down the price of memory chips used in phones and data centers. In addition, Japan restricted the export of materials used in chips and displays to Korea, raising concern over potential disruptions at Samsung and SK Hynix Inc.Samsung had planned to announce its three-year shareholder return policy Wednesday, but put off the announcement until early next year, citing significant new challenges.“Shares are falling as Samsung delays shareholder return plans because of growing external uncertainties,” Greg Roh, senior vice president at Hyundai Motor Securities, said by phone. “As for now, the extent of global cloud customers’ investments and Japan’s export restrictions are important factors for Samsung’s outlook.”Its stock originally traded higher and then dropped lower during an investor call as Samsung said it’s facing uncertainty due to growing macroeconomic issues. Beyond the U.S.-China dispute, Japan may announce further export curbs against South Korea this week.“Even though Japan’s measures do not ban the export of the materials, we are facing difficulties due to the burden of new export approval process and uncertainties that this new process will bring,” Robert Yi, an investor relations executive, said on an earnings call. “We are dedicated to minimizing any negative impact on our manufacturing process.”Samsung did signal optimism about improvements for the memory business -- its most profitable -- for the rest of the year.“In the second half, demand is expected to grow although the company sees volatility in the overall industry due to increased external uncertainties,” Samsung said in a statement Wednesday. The company said memory demand increased in the second quarter as data-center customers resumed purchasing and mobile applications adopted higher-capacity products. The company didn’t commit to cutting capacity saying that expenditure plans for 2020 haven’t been finalized.Samsung had reported preliminary numbers this month that showed operating profit fell more than 50% and its net income did exceed the 4.88 trillion won average of estimates compiled by Bloomberg.Shares have been little changed over the past year, though they’ve gained in recent weeks with hope of a recovery in chip prices and of progress in the U.S.-China trade dispute.Memory chips have been challenging this year. Contract prices for 32-gigabyte DRAM server modules, used to store data on PCs and servers, dropped by 25.1% in the June quarter, according to InSpectrum Tech Inc. Prices for TLC 128 NAND flash memory dropped 11.5%.Demand for DRAM is expected to rise on seasonal factors while servers will benefit as customers adjust inventory levels and resume purchasing, Samsung said in its statement. The NAND market should stabilize from the third quarter, it said.“We will continue to manage line operations flexibly depending on demand changes. Currently, we are not considering any artificial decrease of wafer input,” Chun SeWon, executive vice president of the company’s semiconductor business said during the earnings call.Chipmakers have been predicting a recovery in memory demand this year, but that’s been delayed amid the trade war and slower expansion of data centers. “A demand-driven oversupply in the DRAM market will push pricing down 42.1% in 2019 and the oversupply is expected to extend through the second quarter of 2020,” Gartner Inc. said in a note on July 22.The mobile division of the world’s largest smartphone maker posted a 42% decline in operating income to 1.56 trillion won. Samsung said its profitability eroded because of intensifying competition in low-to-mid range markets, and vowed to launch successfully the Galaxy Note 10 and Galaxy Fold in the second half of this year.Samsung’s display division, which supplies organic light-emitting-diode screens for Apple’s iPhones, posted operating profit of 750 billion won due to a one-time gain and a gradual demand recovery. The consumer electronics unit, which includes TVs and appliances, posted 710 billion won of profit.“There are many negative factors for Samsung, but its display business is improving,” Song Myung-sup, analyst at HI Investment & Securities, said before earnings release. “Samsung might start seeing a windfall from the U.S. ban on Huawei and more display orders from Apple.”(Updates with analyst comment in fifth paragraph.)To contact the reporter on this story: Sohee Kim in Seoul at skim847@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at, Peter Elstrom, Colum MurphyFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Gartner Inc (IT) Q2 2019 Earnings Call Transcript
    Motley Fool

    Gartner Inc (IT) Q2 2019 Earnings Call Transcript

    IT earnings call for the period ending July 30, 2019.

  • Why Gartner Stock Dropped Today
    Motley Fool

    Why Gartner Stock Dropped Today

    The research and advisory firm is investing for future growth, and the market isn't pleased.

  • Gartner Lowers 2019 Guidance Despite a Strong Second Quarter
    Motley Fool

    Gartner Lowers 2019 Guidance Despite a Strong Second Quarter

    Here's why the market research and advisory specialist tempered its outlook for the year.

  • Stock Market News For Jul 30, 2019

    Stock Market News For Jul 30, 2019

    Ongoing U.S. and China trade negotiations and expectations around a Fed rate hike kept benchmarks on a tight leash on Monday.

  • Gartner (IT) Beats Q2 Earnings Estimates, Revises '19 View

    Gartner (IT) Beats Q2 Earnings Estimates, Revises '19 View

    Gartner (IT) second-quarter 2019 earnings and revenues increase year over year.

  • Gartner (IT) Tops Q2 Earnings Estimates

    Gartner (IT) Tops Q2 Earnings Estimates

    Gartner (IT) delivered earnings and revenue surprises of 22.88% and -0.63%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Gartner (IT) to Report Q2 Earnings: What's in the Cards?

    Gartner (IT) to Report Q2 Earnings: What's in the Cards?

    Gartner (IT) second-quarter 2019 revenues are likely to reflect strength across each of the three business segments - Research, Conferences and Consulting.

  • Gartner (IT) Earnings Expected to Grow: Should You Buy?

    Gartner (IT) Earnings Expected to Grow: Should You Buy?

    Gartner (IT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Microsoft Shares Rise to Record After Strong Earnings Report

    Microsoft Shares Rise to Record After Strong Earnings Report

    (Bloomberg) -- Microsoft Corp. rose to a record after topping quarterly sales and profit projections, fueled by steady demand for cloud-computing services and a surprisingly strong Windows business. The company’s forecast promised robust growth will continue into next year.The software maker pledged “double-digit” percentage gains in sales and operating income for the year that started July 1. Results are getting a boost from larger deals for its Azure web services and brisk adoption of internet-based Office programs. Given Microsoft’s “strong ambition,” it plans to increase operating expenses by 11% to 12% for the fiscal year, and will raise capital spending to build out data centers, Chief Financial Officer Amy Hood said.The shares rose as much as 3.1% to $140.67, the highest intraday on record. Several analysts raised their price targets for the stock Friday and Canaccord Genuity described it as “more expensive than it has been since 2000.”Chief Executive Officer Satya Nadella has centered Microsoft’s strategy on cloud services, seeking to narrow the gap with market leader Inc. As more customers move storage and computing tasks to remote servers owned by Microsoft and upgrade their aging business software, the company has been leveraging its broad product line by getting them to sign up for both Azure and newer products like Microsoft 365 -- a subscription package of Office 365 cloud software, Windows 10 and security programs.“Everything has been going well for them,” said Sid Parakh, a portfolio manager at Becker Capital Management, which counts Microsoft as its biggest holding. “It’s the structural winner right now -- as more and more companies move to the cloud, it’s largely Amazon and Microsoft in the running for those deals.”Profit before certain items in the fourth quarter, which ended June 30, rose to $1.37 a share, compared with the $1.22 average forecast of analysts polled by Bloomberg. Revenue increased 12% to $33.7 billion, the Redmond, Washington-based company said Thursday in a statement, compared with the $32.8 billion projection. Net income in the quarter was $13.2 billion, or $1.71 a share.The stock has jumped this year on optimism about the company’s cloud business, and on some investors’ belief that Microsoft is a safe haven as U.S. and European regulators sharpen their scrutiny of other large technology firms. The gains have made Microsoft the most-valuable public company, with a market capitalization of more than $1 trillion.“Microsoft is brimming with confidence in cloud growth on the heels of Azure and Office 365 success,” said Dan Ives, an analyst at Wedbush Securities. “The Street will be loudly applauding this forecast.”In the fourth quarter, commercial cloud revenue -- a measure of sales from Azure, internet-based versions of Office software and some smaller products -- rose 39% from a year earlier to $11 billion. Profit margins in the business widened by 6 points to 65%.Sales of Office 365 software to businesses jumped 31%. Azure cloud sales rose 64%, compared with 73% growth in the previous quarter and 76% in the one before that. That continued deceleration has caused some concern among investors -- Azure revenue was routinely more than doubling as recently as two years ago. Still, swelling profit margins in cloud have helped to offset those worries. Margins will continue to widen in the new fiscal year, Hood said on a conference call.Since the close of the quarter, Microsoft signed new cloud deals with Providence St. Joseph Health and ServiceNow Inc., which said it will use Azure to deliver cloud products to some government customers -- the first time that company has used third-party data centers for its business.Worldwide public-cloud services sales are expected to grow 17.5% this year to $214.3 billion, according to Gartner Inc. In the infrastructure part of the market, Amazon and Microsoft are increasingly pulling away from other competitors -- although Azure remains several times smaller than Amazon Web Services. Meanwhile, Microsoft’s Office cloud business puts it in the lead in area of web-based applications.Revenue in the company’s productivity and business unit, which includes the Office suite of programs like Word, Excel and PowerPoint, rose 14% in the quarter to $11 billion, exceeding analysts’ average estimate of $10.7 billion. Sales from the Intelligent Cloud division, made up of Azure and server software, jumped 19% to $11.4 billion -- the first quarter the unit has been Microsoft’s biggest by revenue.The unit known as More Personal Computing, including Windows software, Surface hardware and Xbox gaming products, saw revenue climb 4% to $11.3 billion in the recent period.Global shipments of personal computers increased 1.5% in the June quarter, Gartner said last week, fueled by businesses upgrading to the latest Windows operating system. Support for Windows 7 is ending in January, meaning companies need to upgrade to Windows 10. The older software’s expiration is also helping boost sales of the Microsoft 365 bundle as the company persuades customers to switch to internet-based subscriptions rather than one-time licenses.Sales of Windows to PC makers in the quarter were better than expected, rising 9% overall and 18% for the pricier professional editions, Microsoft said, far outpacing the overall PC market. Four points of the growth in Pro revenue was also because PC makers are stocking up ahead of tariffs related to a U.S.-China trade war, said Mike Spencer, Microsoft general manager for investor relations, in an interview. Other than that, Microsoft hasn’t seen any notable impact from U.S.-China trade tensions.Microsoft’s net income benefited from a $2.6 billion tax gain, which came as the company moved intellectual property to the U.S. to comply with the 2017 Tax Cuts and Jobs Act. While the gain is being recognized up front in the recent quarter, the company will face a higher tax rate in coming quarters, Spencer said.To contact the reporter on this story: Dina Bass in Seattle at dbass2@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at, Andrew PollackFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • PC Shipments Bounce Back in Q2: LNVGY, HPQ & More in View

    PC Shipments Bounce Back in Q2: LNVGY, HPQ & More in View

    Here's a sneak peek of the worldwide PC market performance in the second quarter of 2019, per IDC and Gartner report.

  • Lenovo fuels the first PC sales increase in six months

    Lenovo fuels the first PC sales increase in six months

    The PC market has been pretty gloomy of late, but global shipments went up by at least 1.5 percent after two down quarters, according to Gartner and IDC . Lenovo led the pack with a 25 percent share, followed by HP and Dell with 22.2 and 16.9 percent, respectively. The growth was driven in part by the latest Windows 10 refresh and an easing of the Intel CPU shortage , which has adversely affected PC sales for the last 18 months.

  • Bloomberg

    Global PC Shipments Rise as China's Lenovo Secures Top Spot

    (Bloomberg) -- Worldwide shipments of personal computers increased 1.5% in the second quarter, fueled by businesses upgrading to the latest Windows software from Microsoft Corp. China-based Lenovo Group Ltd. held the No. 1 spot over U.S. rival HP Inc. amid a trade war between the two countries.PC shipments increased to 63 million units in the period ended June 30 from 62 million in the quarter a year earlier, researcher Gartner Inc. said Thursday in a report. Robust corporate demand offset a decline in notebook shipments, Gartner said. Lenovo shipped almost 16% more PCs year-over-year, giving the company a quarter of the global market.Industry research firm IDC estimated PC shipments climbed 4.7% in the most recent period, with vendors putting out 65 million devices worldwide."The threat of increased tariffs led some PC makers to ship a surplus of desktops and notebooks, thereby artificially propping up the PC market during the second quarter," said Jitesh Ubrani, a research manager at IDC.Computer makers have struggled to navigate global trade tensions. They already operate with low profit margins, and many of them have shuffled their supply chains in response to U.S. tariffs on some components. Dell Technologies Inc. and HP are reportedly considering moving 30% of their notebook production out of China.Dell came in third place in the global PC race, with 17% of the market after HP’s 22%. Apple Inc.’s PC shipments narrowly declined in the most recent period, and the company held the fourth spot with about 6% of the market.(Updates with estimates from IDC in third paragraph.)To contact the reporter on this story: Nico Grant in San Francisco at ngrant20@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at, Andrew Pollack, Alistair BarrFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • Is Gartner, Inc.'s (NYSE:IT) 19% ROE Better Than Average?
    Simply Wall St.

    Is Gartner, Inc.'s (NYSE:IT) 19% ROE Better Than Average?

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...