Gartner forecasts downbeat annual results on slowing demand at consulting unit
Cătălin Roșioru
Feb 3: IT research firm Gartner on Tuesday forecast annual revenue and earnings below Wall Street expectations, as enterprises scaling back their spending dampened demand for its consulting services. Shares of the Stamford, Connecticut-based firm were down 5.1 per cent in premarket trading following the results. Businesses have been tightening their spending budgets amid economic headwinds and choppy customer demand. Increased use of automation and in-house AI tools has also enabled many
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