Nov 5 (Reuters) - Research and advisory firm Gartner ( IT )

raised its full-year forecasts for revenue and profit on

Tuesday, banking on its ability to retain clients as enterprise

spending, especially in the core IT sector, picks up.

Growing economic and geopolitical uncertainties have exposed

businesses to greater risks and volatility, driving up demand

for research insights to help them make better decisions.

Gartner ( IT ), which operates in three segments - research,

consulting and conferences, has around 15,000 enterprise

clients.

The company said its client retention rate was 83% for the

quarter ended Sept. 30. Contract value in the third quarter grew

7.3% over the same period a year earlier.

The Stamford, Connecticut-based company now expects its 2024

revenue to be at least $6.23 billion, compared with its previous

forecast of at least $6.20 billion.

It also expects its full-year adjusted profit to be at least

$11.75 per share, versus the $11.05 per share projected earlier.

Revenue at the company's mainstay research segment, which

accounts for more than half of its total revenue, was up about

5.1% at $1.29 billion in the third quarter.

Its conferences business posted a 32.5% rise in revenue,

while the consulting segment saw a 3.9% fall.

Gartner's ( IT ) total quarterly revenue was at $1.48 billion, up

5.4% from a year ago.

Adjusted profit was at $2.50 per share, beating analysts'

estimate of $2.39, according to data compiled by LSEG.