UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)

May 2, 2006

GARTNER, INC.

(Exact name of registrant as specified in its charter)

Delaware		1-14443		04-3099750
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

P.O. Box 10212
56 Top Gallant Road
Stamford, CT 06902-7747
(Address of Principal Executive Offices, including Zip Code)

(203) 316-1111
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On May 2, 2006, Gartner, Inc. (the “Company”) announced financial results for the quarter ended March 31, 2006. A copy of the Company’s press release is furnished as Exhibit 99.1.

In accordance with General Instruction B.2 of Form 8-K, the information in this Item 2.02 and in Exhibit 99.1 of this Current Report on Form 8-K shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EXHIBIT INDEX

Exhibit 99.1

Contacts
Lisa Nadler (lisa.nadler@gartner.com)
203-316-6537

GARTNER REPORTS FIRST QUARTER 2006 RESULTS

Total Revenue up 16%
Company Raises Full Year GAAP EPS Guidance to $0.44 to $.048

     STAMFORD, Conn. – May 2, 2006 — Gartner, Inc. (NYSE: IT), the leading provider of research and analysis on the global information technology industry, today reported results for the first quarter ended March 31, 2006 and raised its guidance for the full year 2006.

First Quarter 2006 Results

     Total revenue for the first quarter of 2006 was $230.9 million, representing a 16% increase from $199.8 million in the first quarter of 2005. Research contract value ended the quarter at $561 million, an increase of 9% over the same quarter last year. Normalized EBITDA was $28.7 million for the quarter. GAAP EPS for the first quarter of 2006 was $0.07 and normalized EPS was $0.11. Normalized EPS excludes a $2.5 million non-cash charge related to the stock-based compensation under FAS123(R); a $1.5 million charge related to the integration activities associated with our acquisition of META; and a $3.4 million non-cash charge for the amortization of intangible assets acquired in the META acquisition. See “Non-GAAP Financial Measures” for a further discussion of normalized EBITDA and normalized EPS.

     Excluding the effect of foreign currency, total revenue for the 2006 first quarter increased approximately 18% over the same quarter last year. The negative impact of foreign currency on net income for the same time period was less than $0.5 million. Excluding the effect of foreign currency and the META acquisition, research contract value increased approximately 5% from the first quarter of 2005.

     During the 2006 first quarter, Gartner repurchased 1,175,000 shares at a cost of $16 million. As of March 31, 2006, we have repurchased a total of 2,010,000 shares at a cost of $27.3 million under the $100 million share repurchase program authorized in October 2005.

Business Segment Highlights

     Research. Research revenue was $137 million for the 2006 first quarter, an increase of 10% from the same period of 2005. At March 31, 2006, Research contract value was $561 million, up from $516 million at March 31, 2005. Client and wallet retention rates for the first quarter were 79% and 88%, respectively.

     Consulting. Consulting revenue was $76 million for the 2006 first quarter, an increase of 19% from the same period of 2005. Utilization averaged 68% during the first quarter compared with average utilization of 63% for the quarter ended March 31, 2005. The average annualized revenue per billable headcount is above $400,000 for the quarter. Billable headcount was 507 as of March 31, 2006, versus 509 last year. Consulting backlog was $110 million at March 31, 2006, up 2% from the same period last year.

     Events. Events revenue was $15 million for the 2006 first quarter up 80% from the same period in 2005. The Company held six events in the first quarter of 2006, with 4,226 attendees, as compared to five events with 2,555 attendees during the same period in 2005.

Gene Hall, Gartner’s chief executive officer, said, “Our first quarter results demonstrate that our growth strategy is working. We are firmly on track to increase top line growth while driving improved operating margins. As we told you at our Investor Day in March, part of that strategy is to introduce innovative products and we are encouraged by the early market reaction to the “Gartner for IT Leaders” products launched during the quarter. As a result of our strong year over year results and organic growth in both

revenue and earnings, we are revising upwards our guidance for 2006 and continue to remain confident in our ability to achieve the three year financial roadmap we shared with you at Investor Day.”

Guidance

     Gartner updated its guidance for 2006 to reflect strength in the business and growth to the Company’s operating margins.

     For the full year 2006, the Company is targeting total revenue of approximately $1,035 to $1,064 million. By segment, for the full year 2006 the Company is targeting Research revenue of approximately $550 million to $560 million, Consulting revenue of approximately $310 million to $320 million, Events revenue of approximately $167 million to $172 million, and other revenue of approximately $8 million to $12 million.

     Gartner is also increasing its guidance for EBITDA and EPS for the full year 2006. For the year, Gartner now expects normalized EBITDA of $145 million to $152 million, an increase of 38 to 45 percent over 2005. The Company is projecting GAAP EPS of $0.44 to $0.48 and normalized EPS of $0.58 to $0.62. The estimated fully diluted share count is 116 — 118 million shares. See “Non-GAAP Financial Measures” for a further discussion of normalized EBITDA and normalized EPS.

Conference Call Information

     Gartner has scheduled a conference call at 10 a.m. ET today, Tuesday, May 2, 2006, to discuss the Company’s financial results. The conference call will be available via the Internet by accessing the Company’s web site at http://investor.gartner.com. A replay of the webcast will be available for 30 days following the call.

About Gartner
Gartner, Inc. (NYSE: IT) delivers the technology-related insight necessary for our clients to make the right decisions, every day. Gartner serves 10,000 organizations, including

chief information officers and other senior IT executives in corporations and government agencies, as well as technology companies and the investment community. The Company consists of Gartner Research, Gartner Executive Programs, Gartner Consulting and Gartner Events. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, U.S.A., and has 3,700 associates, including 1,200 research analysts and consultants in 75 countries worldwide. For more information, visit gartner.com.

Non-GAAP Financial Measures

     Investors are cautioned that normalized EBITDA and normalized EPS information contained in this press release are not financial measures under generally accepted accounting principles. In addition, they should not be construed as alternatives to any other measures of performance determined in accordance with generally accepted accounting principles. These non-GAAP financial measures are provided to enhance the user’s overall understanding of the Company’s current financial performance and the Company’s prospects for the future. We believe normalized EBITDA and normalized EPS are important measures of our recurring operations as they exclude items that may not be indicative of our core operating results and calculate earnings per share in a manner consistent with prior periods. Normalized EBITDA is based on operating income, excluding impact of FAS 123(R), depreciation and amortization, goodwill impairments, and other charges. Normalized EPS is based on net income (loss) excluding other charges, impact of FAS 123(R), non-cash charges, goodwill impairments, amortization of acquired intangible assets, and gains and losses on investments. See “Supplemental Information” at the end of this release for reconciliation of GAAP EBITDA EPS to normalized EBITDA and EPS.

Safe Harbor Statement

Statements contained in this press release regarding the growth and prospects of the business, the Company’s full year 2005 and 2006 financial results, future restructuring charges, acquisition of META Group, Inc. and all other statements in this release other than recitation of historical facts are forward-looking statements (as defined in the Private Securities Litigation Reform Act of 1995). Such forward-looking statements include risks and uncertainties; consequently, actual results may differ materially from those expressed or implied thereby. Factors that could cause actual results to differ materially include, but are not limited to ability to expand or even retain the Company’s customer base; ability to grow or even sustain revenue from individual customers; ability to attract and retain professional staff of research analysts and consultants upon whom the Company is dependent; ability to achieve and effectively manage growth; ability to pay the Company’s debt obligations; ability to achieve continued customer renewals and achieve new contract value, backlog and deferred revenue growth in light of competitive pressures; ability to carry out the Company’s strategic initiatives and manage associated costs; substantial competition from existing competitors and potential new competitors; additional risks associated with international operations including foreign currency fluctuations; the impact of restructuring and other charges on the Company’s businesses and operations; and other risks listed from time to time in the Company’s reports filed with the Securities and Exchange Commission. These filings can be found on Gartner’s Web site at www.gartner.com/investors and the SEC’s Web site at

www.sec.gov. Forward-looking statements included herein speak only as of the date hereof and the Company disclaims any obligation to revise or update such statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events or circumstances.

###

GARTNER, INC.
Condensed Consolidated Statements of Operations
(Unaudited; in thousands, except per share amounts)

		Three Months Ended
		March 31,
		2006				2005
Revenues:
Research		$	137,092			$	125,196				10	%
Consulting			75,893				64,010				19	%
Events			14,495				8,055				80	%
Other			3,449				2,563				35	%
Total revenues			230,929				199,824				16	%
Costs and expenses:
Cost of services and product development (1)			105,349				95,278				11	%
Selling, general and administrative (1)			99,467				91,546				9	%
Depreciation			5,660				6,079				-7	%
Amortization of intangibles			3,383				28				U
META integration charges			1,450				3,405				F
Other charges			—				14,274				-100	%
Total costs and expenses			215,309				210,610				2	%
Operating income (loss)			15,620				(10,786	)			F
Loss from investments, net			—				(5,106	)			F
Interest expense, net			(4,363	)			(1,345	)			U
Other expense, net			(694	)			(304	)			U
Income (loss) before income taxes			10,563				(17,541	)			F
Provision (benefit) for income taxes			2,793				(2,834	)			U
Net income (loss)		$	7,770			$	(14,707	)			F
Income (loss) per common share:
Basic		$	0.07			$	(0.13	)			F
Diluted		$	0.07			$	(0.13	)			F
Weighted average shares outstanding:
Basic			113,769				111,324				2	%
Diluted			115,798				111,324				4	%
SUPPLEMENTAL INFORMATION
Normalized EPS (2)		$	0.11			$	0.03				F

GARTNER, INC.
Condensed Consolidated Balance Sheets
(Unaudited, in thousands)

		March 31,				December 31,
		2006				2005
Assets
Current assets:
Cash and cash equivalents		$	65,640			$	70,282				-7	%
Fees receivable, net			277,175				313,195				-12	%
Deferred commissions			35,580				42,804				-17	%
Prepaid expenses and other current assets			41,378				35,838				15	%
Total current assets			419,773				462,119				-9	%
Property, equipment and leasehold improvements, net			57,930				61,770				-6	%
Goodwill			403,999				404,034				0	%
Intangible assets, net			12,641				15,793				-20	%
Other assets			85,135				82,901				3	%
Total Assets		$	979,478			$	1,026,617				-5	%
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable and accrued liabilities		$	172,129			$	243,036				-29	%
Deferred revenues			355,222				333,065				7	%
Current portion of long term debt			68,333				66,667				2	%
Total current liabilities			595,684				642,768				-7	%
Long term debt			175,000				180,000				-3	%
Other liabilities			54,273				57,261				-5	%
Total Liabilities			824,957				880,029				-6	%
Total Stockholders’ Equity			154,521				146,588				5	%
Total Liabilities and Stockholders’ Equity		$	979,478			$	1,026,617				-5	%

GARTNER, INC.
Condensed Consolidated Statements of Cash Flows
(Unaudited, in thousands)

		Three Months Ended
		March 31,
		2006				2005
Operating activities:
Net (loss) income		$	7,770			$	(14,707	)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization of intangibles			9,043				6,107
Stock compensation expense			2,546				275
Excess tax benefits from stock compensation expense			(1,400	)			—
Tax benefit associated with employee exercises of stock options			—				128
Deferred taxes			(737	)			(295	)
Loss from investments and sales of assets, net			258				5,106
Amortization of debt issuance costs			201				222
Changes in assets and liabilities:
Fees receivable, net			36,421				20,249
Deferred commissions			7,308				959
Prepaid expenses and other current assets			(5,712	)			(3,676	)
Other assets			146				768
Deferred revenues			23,550				30,739
Accounts payable and accrued liabilities			(73,289	)			(31,290	)
Cash provided by operating activities			6,105				14,585
Investing activities:
Investment in intangibles			(164	)			(150	)
Prepaid acquisition costs for META			—				(2,501	)
Additions to property, equipment and leasehold improvements			(3,356	)			(4,063	)
Other investing activities, net			25				—
Cash used in investing activities			(3,495	)			(6,714	)
Financing activities:
Proceeds from stock issued for stock plans			11,894				3,604
Payments on debt			(3,333	)			(10,000	)
Purchases of treasury stock			(17,184	)			—
Excess tax benefits from stock compensation awards			1,400				—
Cash used by financing activities			(7,223	)			(6,396	)
Net decrease in cash and cash equivalents			(4,613	)			1,475
Effects of exchange rates on cash and cash equivalents			(29	)			(2,880	)
Cash and cash equivalents, beginning of period			70,282				160,126
Cash and cash equivalents, end of period		$	65,640			$	158,721

SELECTED STATISTICAL DATA

		March 31,				March 31,
		2006				2005
Research contract value		$	560,833	(1)		$	515,721	(1)
Research client retention			79	%			80	%
Research wallet retention			88	%			94	%
Research client organizations			9,077				8,566
Consulting backlog		$	109,656	(1)		$	107,800	(1)
Consulting utilization			68	%			63	%
Consulting billable headcount			507				509
Consulting average annualized revenue per billable headcount			400+	(1)		$	370	(1)
Events—number of events			6				5
Events attendees			4,226				2,555

BUSINESS SEGMENT DATA

(Dollars in thousands)																		Excluding SFAS No. 123R (1)
						Direct				Gross				Contrib.				Gross				Contrib.
		Revenue				Expense				Contribution				Margin				Contribution				Margin
Three Months Ended 3/31/06
Research		$	137,092			$	52,605			$	84,487				62	%		$	85,477				62	%
Consulting			75,893				42,067				33,826				45	%			34,168				45	%
Events			14,495				8,068				6,427				44	%			6,469				45	%
Other			3,449				636				2,813				82	%			2,813				82	%
TOTAL		$	230,929			$	103,376			$	127,553				55	%		$	128,927				56	%
Three Months Ended 3/31/05
Research		$	125,196			$	48,185			$	77,011				62	%
Consulting			64,010				40,868				23,142				36	%
Events			8,055				4,713				3,342				41	%
Other			2,563				392				2,171				85	%
TOTAL		$	199,824			$	94,158			$	105,666				53	%

SUPPLEMENTAL INFORMATION
GAAP to Normalized Reconciliations
(in thousands, except per share data)

Reconciliation — GAAP to Normalized EBITDA (1):

		Three Months Ended
		March 31,
		2006				2005
Net income (loss)		$	7,770			$	(14,707	)
Interest expense, net			4,363				1,345
Other expense, net			694				304
Loss from investments, net			—				5,106
Tax provision (benefit)			2,793				(2,834	)
Operating income (loss)		$	15,620			$	(10,786	)
Depreciation and amortization			9,043				6,107
Normalizing adjustments:
Other charges (2)			—				14,274
META integration charges (3)			1,450				3,405
SFAS No. 123(R) stock compensation expense (4)			2,546				—
Normalized EBITDA		$	28,659			$	13,000

Reconciliation — GAAP to Normalized Net Income and EPS (1):

		Three Months Ended March 31,
		2006												2005
		After-												After-
		Tax												Tax
		Income				Shares				EPS				Income				Shares				EPS
GAAP Basic EPS		$	7,770				113,769			$	0.07			$	(14,707	)			111,324			$	(0.13	)
Share equivalents from stock compensation shares			—				2,029				—				—				1,092				—
GAAP Diluted EPS		$	7,770				115,798			$	0.07			$	(14,707	)			112,416			$	(0.13	)
Other charges (2)			—				—				—				11,068				—				0.10
META integration charges (3)			1,016				—				0.01				2,045				—				0.02
SFAS No. 123(R) stock compensation expense (4)			1,734				—				0.01				—				—				—
Amortization of META intangibles (5)			2,357				—				0.02				—				—				—
Loss from investments (6)			—				—				—				5,106				—				0.04
Normalized net income & EPS (7)		$	12,877				115,798			$	0.11			$	3,512				112,416			$	0.03