UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-Q


(x)       QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
            OF THE SECURITIES EXCHANGE ACT OF 1934
              For the Quarterly period ended September 30, 1997

                                  OR

( )       TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
            OF THE SECURITIES EXCHANGE ACT OF 1934.
              For the Transition period from ______ to ______


                         Commission File Number 0-27280


                                META Group, Inc.
           (Exact name of registrant as specified in its charter)
         
               Delaware                                 06-0971675
     -----------------------------       --------------------------------
    (State or other jurisdiction of		    (IRS Employer Identification No.)
     incorporation or organization)

                208 Harbor Drive, Stamford, Connecticut  06912-0061
                ----------------------------------------------------
            (Address of principal executive offices, including Zip Code)


                                 (203) 973-6700
                                -----------------
              (Registrant's telephone number, including area code)

                           ____________________________

Indicate by check mark whether the registrant (1) has filed all reports 
required to be filed by Section 13 or 15(d) of the Securities Exchange Act 
of 1934 during the preceding 12 months (or for such shorter period that the 
registrant was required to file such reports), and (2) has been subject to 
such filing requirements for the past 90 days.

       Yes	(x)         No	( )

Indicate the number of shares outstanding of each of the issuer's classes 
of common stock, as of the latest practicable date: The number of shares 
of the issuer's Common Stock, $.01 par value per share, outstanding as of
October 31, 1997 was 7,391,355.

                         Total Number of Pages:   17
                         Exhibit Index is on Page 15



<PAGE>  2

                               META Group, Inc.

                                    INDEX
                                    -----
                                                                        Page
                                                                        ----
Part I         FINANCIAL INFORMATION

     Item 1.   Financial Statements


               Balance Sheets:
                September 30, 1997 (unaudited) and December 31, 1996      3

               Statements of Income (unaudited):
                Three months ended September 30, 1997 and 1996            4
                Nine months ended September 30, 1997 and 1996

               Statements of Cash Flows (unaudited):
                Nine months ended September 30, 1997 and 1996             5

               Notes to Financial Statements                              6


    Item 2.    Management's Discussion and Analysis of Financial Condition
                and Results of Operations                                 7


Part II        OTHER INFORMATION

    Item 1.    Legal Proceedings                                         13

    Item 6.    Exhibits and Reports on Form 8-K                          13


Signature                                                                14


<PAGE>  3

PART I - FINANCIAL INFORMATION


     Item 1.   Financial Statements


                                META Group, Inc.

                                 BALANCE SHEETS
                                 (in thousands)

<TABLE>
<CAPTION>                                      September 30,	    December 31,
                                               -------------     ------------
Assets                                               1997             1996
                                               -------------     ------------
<S>                                             <C>               <C>
Current assets:                                 (unaudited)
  Cash and cash equivalents                       $14,210          $19,335
  Marketable securities                            25,241           15,684
  Accounts receivable, net                         17,203           18,136
  Deferred commissions                              1,200            1,475
  Deferred tax asset                                1,175            1,175
  Other current assets                                940              481
                                                  -------          -------
      Total current assets                         59,969           56,286

Furniture and equipment, net                        2,798            2,330

Deferred tax asset                                  8,668            5,532
                                                 
Other assets                                        6,708            6,023
                                                  -------          -------
    Total assets                                  $78,143          $70,171
                                                  =======          =======

Liabilities and Stockholders' Equity
Current liabilities:
  Accounts payable                                $   195          $   837
  Accrued compensation and other expenses           2,703            3,721
  Deferred revenues                                22,596           22,885
                                                  -------          -------
    Total current liabilities                      25,494           27,443
                                                  =======          =======

Stockholders' equity:
  Preferred stock                                      --               --
  Common stock                                         78               68
  Paid-in capital                                  49,124           43,088
  Retained earnings (accumulated deficit)           3,767             (108)
  Treasury stock, at cost                            (320)            (320)
                                                  -------          -------
    Total stockholders' equity                     52,649           42,728
                                                  -------          -------
    Total liabilities and stockholders' equity    $78,143          $70,171
                                                  =======          =======

                      See notes to financial statements.

</TABLE>


<PAGE>  4

                                 META Group, Inc.
                               STATEMENTS OF INCOME
                      (in thousands, except per share data)
                                 (unaudited)

<TABLE>
<CAPTION>                For the three months ended   For the nine months ended
                                 September 30,               September 30,
                                    1997      1996          1997          1996
                         --------------------------    -----------------------
<S>                             <C>         <C>          <C>            <C>
Revenues:
 Continuous services             $10,713    $8,093       $29,731       $21,933
 Other, principally consulting     2,705     1,550         6,236         4,481
                                 -------    ------       -------       -------
   Total revenues                 13,418     9,643        35,967        26,414
                                 -------    ------       -------       -------

Operating expenses:
 Cost of services and 
  fulfillment                      6,344     4,788        17,714        13,908
 Selling and marketing             3,469     2,383         8,580         6,250
 General and administrative        1,279     1,000         3,636         2,679
 Depreciation and amortization       391       284         1,090           760
                                 -------    ------       -------       -------
   Total operating expenses       11,483     8,455        31,020        23,597
                                 -------    -------      -------       -------
Operating income                   1,935     1,188         4,947         2,817

Interest income                      571       498         1,537         1,416
                                 -------    ------       -------       -------
Income before provision for 
 income taxes                      2,506     1,686         6,484         4,233

Provision for income taxes           936       720         2,609         1,817
                                 -------    ------       -------       -------
Net income                       $ 1,570    $  966       $ 3,875       $ 2,416
                                 =======    ======       =======       =======
Net income per common and
common equivalent share          $   .19    $  .12       $   .48       $   .30
                                 =======    ======       =======       =======

Weighted average common and common
 equivalent shares outstanding     8,082     7,961         8,039         7,983
                                 =======    ======       =======       =======


                                  See notes to financial statements.

<TABLE/>


<PAGE>  5

                                    META Group, Inc.

                                STATEMENTS OF CASH FLOWS
                                     (in thousands)
                                      (unaudited)


</TABLE>
<TABLE>
<CAPTION>                                           For the nine months ended
                                                           September 30,
                                                        1997             1996
                                                    --------------------------
<S>                                                  <C>            <C>
Operating activities:
Net income                                           $ 3,875          $ 2,416
Adjustments to reconcile net income to net cash 
 provided by operating activities:
   Depreciation and amortization                       1,090              760
   Deferred income taxes                               2,470            1,769
   Changes in assets and liabilities:
     Accounts receivable                                 933           (2,509)
     Deferred commissions                                275              311
     Other current assets                               (459)             (32)
     Other assets                                         13             (780)
     Accounts payable                                   (642)            (280)
     Accrued compensation and other expenses          (1,018)            (797)
     Deferred revenues                                  (289)             645
                                                     -------          -------
Net cash provided by operating activities              6,248            1,503
                                                     -------          -------
Investing activities:
   Capital expenditures                               (1,558)          (1,206)
   Investments in marketable securities               (9,557)
   Investments and advances                             (698)
                                                      -------          -------
Net cash used in investing activities                (11,813)          (1,206)
                                                     -------          -------
Financing activities:
   Proceeds from stock option exercises                  292              515
   Proceeds from employee stock purchase plan            148              153
   Costs related to Initial Public Offering                               (33)
                                                     -------          -------
Net cash provided by financing activities                440              635
                                                     -------          -------

Net (decrease) increase in cash and cash equivalents  (5,125)             932
Cash and cash equivalents, beginning of period        19,335           35,525
                                                     -------          -------
Cash and cash equivalents, end of period             $14,210          $36,457
                                                     =======          =======

                           See notes to financial statements.

<TALBE/>


<PAGE>  6

                                    META Group, Inc.


                             NOTES TO FINANCIAL STATEMENTS


Note 1 - Interim Financial Statements
-------------------------------------
   The accompanying unaudited interim financial statements have been prepared
in accordance with generally accepted accounting principles for interim 
financial information and pursuant to the rules and regulations of the
Securities and Exchange Commission for reporting on Form 10-Q. Accordingly, 
certain information and footnote disclosures required for complete financial 
statements are not included herein. It is recommended that these financial
statements be read in conjunction with the financial statements and related 
notes of META Group, Inc. (the "Company") as reported on the Company's Annual
Report on Form 10-K for the year ended December 31, 1996. In the opinion of 
management, all adjustments (consisting of normal recurring adjustments) 
considered necessary for a fair presentation of financial position, results 
of operations and cash flows at the dates and for the periods presented have 
been included.


Note 2 - Income Taxes
---------------------
  During the quarter and nine months ended September 30, 1997, the Company 
recorded a tax provision of $936,000 and $2.6 million, respectively, 
reflecting an effective tax rate of 37% and 40%, respectively. The Company's 
effective tax rate has declined due to the continued expansion of business 
in states with lower income tax rates. The Company was not required to pay 
federal income tax due to the utilization of net operating loss carryforwards.
The total deferred tax asset, including the current portion, increased to 
$9.8 million at September 30, 1997, from $6.7 million at December 31, 1996 
as a result of the recognition of non-qualified stock option exercises as 
compensation to employees for tax purposes.


Note 3 - Reclassification
-------------------------
  Under the terms of the Company's international sales representative 
agreements, the Company realizes revenues from the international sales 
representative organizations at rates of 40% to 60% of amounts billed to 
those clients. Revenues and expenses for the quarter and nine months ended 
September 30, 1996 have been reclassified to reflect the current year 
presentation of revenues attributable to international operations on a 
net basis.


Note 4 - Adoption of FAS 128
----------------------------
  The Company will adopt the Statement of Financial Accounting Standards 
No. 128, "Earnings Per Share" ("SFAS128") in the fourth quarter of 1997, 
as required. The Company will continue to apply APB Opinion No. 15, "Earnings
Per Share" until the adoption of SFAS 128. The new standard specifies the 
computation, presentation and disclosure requirements for earnings per share.
The pro forma earnings per common share computed under the provisions of
SFAS 128 for the quarter ended September 30, 1997 are $.21 basic earnings per
common share and $.19 diluted earnings per common share as compared to 
$.16 basic earnings per share and $.12 diluted earnings per share for the
quarter ended September 30, 1996. The pro forma earnings per common share 
computed under the provisions of SFAS128 for the nine months ended 
September 30, 1997 are $.54 basic earnings per common share and $.48 diluted
earnings per common share, as compared to $.41 basic earnings per common 
share and $.30 diluted earnings per common share for the nine months ended 
September 30, 1996.


<PAGE>  7


Item 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS

   The discussion and analysis below contains trend analysis and other 
forward-looking statements. Actual results could differ materially from those
projected in the forward-looking statements as a result of the risk factors 
set forth below under "Certain Factors That May Affect Future Results" and in
the Company's other filings with the Securities and Exchange Commission.


Overview

   META Group is an independent market assessment company providing research 
and analysis of developments, trends and organizational issues relating to 
the computer hardware, software, communications and related information 
technology industries to users and vendors of information technology ("IT").
IT user organizations utilize META Group's research, analysis and 
recommendations to develop and employ cost-effective strategies for 
selecting and implementing timely IT solutions and for aligning these 
solutions with business priorities. IT vendors use META Group's services for 
help in product positioning, marketing and market planning, as well as for 
internal IT decision making.

   Continuous Services subscriptions, which are annually renewable contracts 
and generally payable by clients in advance, comprised approximately 80% and 
84% of the Company's total revenues for the quarters ended September 30, 1997
and 1996, respectively. Billings attributable to the Company's Continuous 
Services are initially recorded as deferred revenues and then recognized 
pro rata over the contract term. The Company's other revenues are derived 
from project consulting, benchmarking, conferences, speaker engagement fees 
and publications. The Company's consulting clients typically consist of 
Continuous Services clients seeking additional advice tailored to their 
individual IT requirements.

   One measure of the volume of the Company's business is its annualized 
"Contract Value," which the Company calculates as the aggregate annualized 
subscription revenue recognized from all Continuous Services contracts in 
effect at a given point in time, without regard to the remaining duration of 
such contracts. While Contract Value is not necessarily indicative of future
revenues, Contract Value has grown every quarter since the Company's 
inception and increased 32% to $42.9 million at September 30, 1997 from 
$32.4 million at September 30, 1996. At September 30, 1997, the Company had 
over 3,100 Continuous Services subscribers in approximately 1,325 client 
organizations worldwide.

   Continuous Services revenues attributable to international clients are 
billed and collected by the Company's international sales representative 
organizations. The Company realizes revenues from the independent 
international sales representative organizations at rates of 40% to 60% of 
amounts billed to those clients.

   The Company's operating expenses consist of cost of services and 
fulfillment, selling and marketing expenses, general and administrative 
expenses and depreciation and amortization expense. Cost of services and
fulfillment represents the costs associated with production and delivery of 
the Company's products and services and includes the costs of research, 
development and preparation of periodic reports, analyst telephone 
consultations, executive briefings and conferences, publications, consulting 
services, new product development and all associated editorial and support 
services. Selling and marketing expenses include the costs of salaries, 
commissions and related benefits for such personnel, travel and promotion.
General and administrative expenses include the costs of the finance and 
accounting departments, legal, human resources, corporate IT and other 
administrative functions of the Company.


<PAGE>  8

THREE MONTHS ENDED SEPTEMBER 30, 1997 AND 1996

TOTAL REVENUES Total revenues increased 39% to $13.4 million in the quarter 
ended September 30, 1997 from $9.6 million in the quarter ended September 30,
1996. Revenues from Continuous Services increased 32% to $10.7 million in the
quarter ended September 30, 1997 from $8.1 million in the quarter ended 
September 30, 1996. The increases in total revenues and revenues from 
Continuous Services were primarily due to continued expansion of the 
Company's international business, increased average selling prices, and the
recognition of new revenue from the Company's three new Continuous 
Services, particularly Enterprise Architecture Strategies Service. The
Company increased Contract Value 32% to $42.9 million at September 30, 1997 
from $32.4 million at September 30, 1996. The Company grew its subscriber 
client base 19% to 3,160 Continuous Service clients at September 30, 1997 
from 2,650 clients at September 30, 1996. 

   Other revenues, consisting principally of revenues from consulting, 
increased 75% to $2.7 million in the quarter ended September 30, 1997 from 
$1.6 million in the quarter ended September 30, 1996, and increased as a
percentage of total revenues to 20% from 16%. The increase in other revenues 
was primarily attributable to the expansion of META Group Consulting 
activities and, to a lesser extent, the growth of the Company's publications.

   Revenues attributable to international clients increased 64% in the 
quarter ended September 30, 1997 from the quarter ended September 30, 1996, 
and increased as a percentage of Continuous Services revenue to 13% from 
10%. The increase was due to the Company's growth in existing international 
markets. The Company currently has sales representation in 29 countries. 
The Company expects that international revenues will continue to account for 
a significant portion of its total revenues.

COST OF SERVICES AND FULFILLMENT  Cost of services and fulfillment increased 
33% to $6.3 million in the quarter ended September 30, 1997 from $4.8 million
in the quarter ended September 30, 1996, principally due to increased 
staffing for analyst, consultant, and fulfillment positions and related 
compensation expense. Cost of services and fulfillment decreased as a 
percentage of total revenues to 47% from 50%. This decrease primarily 
reflects the growth in the Company's increased average selling price to 
$16,400 per Continuous Service subscription in the quarter ended September 30,
1997 versus $14,900 during the quarter ended September 30, 1996.  Average 
selling prices did not increase versus the quarter ended June 30, 1997.
Client/analyst ratio for all Continuous Services decreased to 41-to-1 at 
September 30, 1997, as compared to a ratio of 43-to-1 at September 30, 1996, 
as research staffing for the three new Continuous Services was put in place.

SELLING AND MARKETING EXPENSES  Selling and marketing expenses increased 46% 
to $3.5 million in the quarter ended September 30, 1997 from $2.4 million in 
the quarter ended September 30, 1996, and increased as a percentage of total 
revenues to 26% from 25%. The increase in expenses was principally due to 
increased sales-related compensation and promotion expenses associated with 
increased international revenues, as well as increased domestic marketing 
expenditures associated with the launch of three new services. While the 
Company anticipates continuing increases in the amount of selling and 
marketing expenses, it expects that such expenses as a percentage of total 
revenues will decrease slightly.

GENERAL AND ADMINISTRATIVE EXPENSES  General and administrative expenses 
increased 28% to $1.3 million in the quarter ended September 30, 1997 from 
$1.0 million in the quarter ended September 30, 1996 and remained constant 
as a percentage of total revenues at 10%. The increase in expenses was 
principally due to increased finance, accounting and corporate IT staffing 
and expenses required to support the growth of the Company. The Company 
anticipates continuing increases over the prior year in the amount of general
and administrative expenses, and expects such expenses to decline slightly 
as a percentage of total revenues.

DEPRECIATION AND AMORTIZATION  Depreciation and amortization expense 
increased 38% to $391,000 in the quarter ended September 30, 1997 from 
$284,000 in the quarter ended September 30, 1996. The increase in 
depreciation and amortization expense was principally due to purchases of 
computer equipment and office furniture required to support business growth, 


<PAGE>  9

and the completion of leasehold improvements associated with the relocation 
of the Company's Reston, Virginia and Waltham, Massachusetts offices during 
late 1996.

INTEREST INCOME  Interest income increased to $571,000 in the quarter ended 
September 30, 1997 from $497,000 in the quarter ended September 30, 1996 due 
to an increase in the Company's cash balances, which resulted from a positive
cash flow from operations during 1996 and the first nine months of 1997.

PROVISION FOR INCOME TAXES  Provision for income taxes of $936,000 was 
recorded for the quarter ended September 30, 1997, as compared to a provision
of $720,000 recorded for the quarter ended September 30, 1996, reflecting an 
effective tax rate of 37% and 43%, respectively. The Company's effective tax 
rate has declined due to the continued expansion of business in states with 
lower income tax rates. The Company was not required to pay federal income 
tax in either quarter due to the utilization of net operating loss 
carryforwards. Total deferred tax asset, including the current portion, 
increased to $9.8 million at September 30, 1997 from $6.7 million at 
December 31, 1996, as a result of the recognition of non-qualified stock 
option exercises as compensation to employees for tax purposes.

EARNINGS PER SHARE  EPS increased to $.19 per common share for the third 
quarter of 1997 as compared to $.12 for the third quarter of 1996 as a 
result of increased net income. For the quarter ended September 30, 1997,
the Company's weighted average shares outstanding were 8,082,000 shares.


NINE MONTHS ENDED SEPTEMBER 30, 1997 AND 1996

TOTAL REVENUES  Total revenues increased 36% to $36.0 million in the nine
months ended September 30, 1997, from $26.4 million in the nine months ended 
September 30, 1996. Revenues from Continuous Services increased 36% to 
$29.7 million in the nine months ended September 30, 1997 from $21.9 million 
in the nine months ended September 30, 1996. The increases in total revenues 
and revenues from Continuous Services were primarily due to continued 
expansion of the Company's domestic sales force, growth in international 
business, increased average selling prices, and the 1997 launch of the three 
new Continuous Services.

   Other revenues, consisting principally of revenues from consulting, 
increased 39% to $6.2 million in the nine months ended September 30, 1997, 
from $4.5 million in the nine months ended September 30, 1996, and remained 
constant as a percentage of total revenues at 17%. The increase in other 
revenues was primarily attributable to the growth of META Group consulting.

   Revenues attributable to international clients increased 75% in the nine 
months ended September 30, 1997, from the nine months ended September 30, 
1996, and increased as a percentage of Continuous Services revenues to 13% 
from 10%. The increase was due to the Company's growth in existing 
international markets. The Company currently has independent sales 
representation in 29 countries.

COST OF SERVICES AND FULFILLMENT  Cost of services and fulfillment increased 
27% to $17.7 million in the nine months ended September 30, 1997 from 
$13.9 million in the nine months ended September 30, 1996 principally due 
to increased staffing for analyst, consultant, and fulfillment positions and 
related compensation expense. During the first quarter of 1997, the Company 
launched three new Continuous Services, while there were no development costs 
associated with these services in the same period of the prior year. Cost of 
services and fulfillment decreased as a percentage of total revenues to 49% 
from 53%, primarily due to the increase in average selling prices.

SELLING AND MARKETING EXPENSES  Selling and marketing expenses increased 
37% to $8.6 million in the nine months ended September 30, 1997 from 
$6.3 million in the nine months ended September 30, 1996, and remained 
constant as a percentage of total revenues at 24%. The increase in expenses 
was principally due to increased sales-related compensation expense 
associated with increased domestic revenues as well as increased marketing 
and promotional expenses relating to the launching of the three new services.


<PAGE>  10


GENERAL AND ADMINISTRATIVE EXPENSES  General and administrative expenses 
increased 36% to $3.6 million in the nine months ended September 30, 1997 
from $2.7 million in the nine months ended September 30, 1996, and remained 
constant as a percentage of total revenues at 10%. The increase in expenses 
was principally due to increased finance, accounting and corporate IT 
staffing and expenses required to support the Company's continued growth.

DEPRECIATION AND AMORTIZATION  Depreciation and amortization expense 
increased 43% to $1.1 million in the nine months ended September 30, 1997, 
from $760,000 in the nine months ended September 30, 1996. The increase in 
depreciation and amortization expense was principally due to purchases of 
computer equipment and office furniture required to support business growth, 
and the completion of leasehold improvements associated with the relocation 
of the Company's Reston, Virginia and Waltham, Massachusetts offices during 
late 1996.

INTEREST INCOME  Interest income increased to $1.5 million in the nine months
ended September 30, 1997, from $1.4 million in the nine months ended 
September 30, 1996, due to an increase in the Company's cash balances 
resulting from a positive cash flow from operations during 1996 and the 
first nine months of 1997.

PROVISION FOR INCOME TAXES  Provision for income taxes of $2.6 million was 
recorded for the nine months ended September 30, 1997, as compared to a 
provision of $1.8 million recorded for the nine months ended September 30, 
1996, reflecting an effective tax rate of 40% and 43%, respectively. The 
Company's effective tax rate has declined due to the continued expansion of 
business in states with lower income tax rates. The Company was not required 
to pay federal income tax due to the utilization of net operating loss 
carryforwards. Total deferred tax asset, including the current portion, 
increased to $9.8 million at March 31, 1997 from $6.7 million at 
December 31, 1996 as a result of the recognition of non-qualified stock 
option exercises as compensation to employees for tax purposes.

EARNINGS PER SHARE  EPS increased to $.48 per common share for the first 
nine months of 1997 as compared to $.30 for the first nine months of 1996 
as a result of increased net income. For the nine months ended 
September 30, 1997, the Company's weighted average shares outstanding were 
8,039,000 shares.

LIQUIDITY AND CAPITAL RESOURCES

   The Company generated $6.2 million of cash from operations during nine 
months ended September 30, 1997, compared with $1.5 million of cash generated
from operations in the nine months ended September 30, 1996. The increase in 
cash generated from operations in 1997 is primarily due to increased net 
income and the collection of the December 31, 1996 accounts receivable, 
partially offset by payment of 1996 bonuses in the first quarter of 1997.

   The Company used $1.6 million of cash in the nine months ended 
September 30, 1997, compared with $1.2 million in the nine months ended 
September 30, 1996, for the purchase of furniture, equipment, computers 
and related software for use by the Company's employees. The Company expects 
that additional purchases of equipment will be made as the Company's 
employee base continues to grow. As of September 30, 1997, the Company had 
no material commitments for capital expenditures.

   The Company regularly invests excess funds in investment-grade, short-term
commercial paper, debt instruments, and money market funds. As these 
investments generally have terms of less than three months, they are included
under the caption "Cash and cash equivalents" in the balance sheets.

   In addition, the Company invests in high quality investment grade 
marketable debt securities. Generally, these securities are purchased in 
denominations of $5 million and held to maturity.


<PAGE>  11


   As of September 30, 1997, the Company had cash and cash equivalents of 
$14.2 million, marketable securities of $25.2 million and working capital of 
$34.5 million. The Company currently has an unused $1.0 million bank line of 
credit. The Company believes that existing cash balances and anticipated 
cash flows from operations will be sufficient to meet its working capital 
and capital expenditure requirements at least through the following twelve 
months. 


CERTAIN FACTORS THAT MAY AFFECT FUTURE RESULTS

   The Company does not provide forecasts of the future financial 
performance of the Company. However, from time to time, information provided 
by the Company or statements made by its employees may contain 
"forward-looking" information that involve risks and uncertainties. In 
particular, statements contained in this Form 10-Q that are not historical 
facts (including, but not limited to, statements concerning international 
revenues, anticipated operation expense levels and such expense levels 
relative to the Company's total revenues) constitute forward-looking 
statements and are made under the safe harbor provisions of the Private 
Securities Litigation Reform Act of 1995. The Company's actual results of 
operations and financial condition have varied and may in the future vary 
significantly from those stated in any forward-looking statements. Factors 
that may cause such differences include, without limitation, the risks, 
uncertainties and other information discussed below, as well as the accuracy 
of the Company's internal estimates of revenue and operation expense levels.
Each of these factors, and others, are discussed from time to time in the 
filings made by the Company with the Securities and Exchange Commission.

   The Company's future operating results are subject to substantial risks and 
uncertainties. The Company currently derives most of its revenues from 
subscriptions to its Continuous Services.  As a result, any decline in the 
Company's ability to secure subscription renewals may have a material adverse
effect on the Company's results of operations. The Company's ability to 
secure subscription renewals, at favorable average selling prices, as well as
to successfully market and sell its consulting services, is dependent upon 
the Company's ability to deliver consistent, high-quality and timely analysis
and advice with respect to issues, developments and trends that clients view 
as important. The Company's successful delivery of such analysis and advice 
is, in turn, dependent upon many factors, including, among other things: its 
ability to recruit and retain highly talented professionals in a competitive 
job market, to understand and anticipate rapidly changing technologies and 
market trends so as to keep its analysis focused on the changing needs of 
its clients, and to deliver products and services of sufficiently high 
quality and timeliness to withstand competition from competitors which may 
have greater financial, information gathering and marketing resources than 
the Company. The Company's ability to market and sell its products and 
services could also be adversely affected by the emergence of new competitors
into one or more of the market segments addressed by the Company's products 
and services, which could cause pricing pressure and loss of market share.
In addition, a significant portion of the Company's revenues are 
attributable to international clients, which may be adversely affected by 
factors including difficulties in developing and managing relationships with 
independent international sales representative organizations, reliance on 
sales entities which the Company does not control, greater difficulty in 
maintaining direct client contact, fluctuations in exchange rates, adverse 
political and economic conditions, tariffs and other trade barriers, longer 
accounts receivable collection cycles and adverse tax consequences. The 
Company's future financial results also depend in part on the development or 
acquisition of new products and services, which may not successfully be 
achieved due to the inherent costs and risks associated with development, 
assimilation and marketing of a new product or service, as well as the 
Company's limited experience in introducing new products and services.

   Furthermore, the Company's quarterly operating results may fluctuate 
significantly due to various factors. Since a disproportionately large 
portion of the Company's Continuous Services contracts expire in the fourth
quarter of each year, the Company incurs operating expenses in the fourth 
quarter at a higher level than would otherwise be required by its sequential 
growth, and such increased expenses are not normally offset immediately by
higher revenues. In addition, the Company's operating results may fluctuate 
as a result of a variety of other factors, including the level and timing of 
renewals of subscriptions to Continuous Services, the timing and amount of 
business generated by the Company, the mix of domestic versus international 
business, the timing of the development, introduction and marketing of new 
products and services, the timing of the hiring of research analysts, 


<PAGE>  12

changes in the spending patterns of the Company's target clients, the 
Company's accounts receivable collection experience, changes in market 
demand for IT research and analysis, and competitive conditions in the 
industry. Due to these factors, the Company believes period-to-period 
comparisons of results of operations are not necessarily meaningful and 
should not be relied upon as an indication of future results of operations.
The potential fluctuations in the Company's operating results make it likely 
that, in some future quarter, the Company's operating results will be below 
the expectations of securities analysts and investors, which would have a 
material adverse effect on the price of the Company's Common Stock.


<PAGE>  13


PART II - OTHER INFORMATION


Item 1.   Legal Proceedings. 
          ------------------
   As disclosed in the Company's Annual Report on Form 10-K for the year 
ended December 31, 1996, in November, 1995, a complaint was filed in the 
Bridgeport Judicial District of the Superior Court of Connecticut by a 
former consultant to the Company naming the Company and its Chief Executive 
Officer as defendants. There have been no material developments in this 
matter during the quarter ended September 30, 1997.

   The Company is a party to certain other legal proceedings. However, the 
Company believes that none of these proceedings is likely to have a material 
adverse effect on the Company's business, results of operations or financial 
condition.


Item 6.    Exhibits and Reports on Form 8-K.
           ---------------------------------

           (a)	Exhibits.
               ---------

            Exhibit
            Number           Description
            -------          ------------

            11.1             Statement re-computation of per-share earnings
            27.1             Financial Data Schedule

            (b)	Reports on Form 8-K.
             --------------------

             There were no reports on Form 8-K filed by the Company for 
             the quarter ending September 30, 1997.



<PAGE>  14

                                SIGNATURE

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 thereunto duly authorized.

 
                                       META Group, Inc.





Date:  November 12, 1997                By:/s/ Bernard F. Denoyer
                                       -------------------------
                                       Bernard F. Denoyer
                                       Vice President, Finance, 
                                       Chief Financial Officer,
                                       Secretary and Treasurer
                                       (Principal Financial and Accounting
                                        Officer)


<PAGE>  15


                                  EXHIBIT INDEX

                                                                  Sequentially
Exhibit                                                             Numbered
Number                             Description                       Page
-----------      ----------------------------------------------   ------------


11.1             Statement re computation of per-share earnings       16

27.1             Financial Data Schedule                              17


_____________



<PAGE>  16

EXHIBIT 11.1

 
                                                META Group, Inc.
 
                                      EXHIBIT TO ANNUAL REPORT ON FORM 10-Q
 
                                   Computation of Net Income Per Common Share
  


</TABLE>
<TABLE>
<CAPTION>						                             For the three months ended  	  For the nine months ended
							                                            September 30,		                 September 30,
                                                 1997        1996              1997          1996
                                           ----------------------        -------------------------
<S>                                       <C>            <C>           <C>            <C>
Net income                                 $1,570,000    $966,000        $3,875,000    $2,416,000
                                           ----------    --------        ----------    ----------

Weighted average number of common and 
  common equivalent shares outstanding:

    Average number of common shares
      outstanding during the period         7,362,209   6,205,945         7,156,903     5,837,806

    Add common share equivalents -- options
     to purchase common shares                719,638   1,754,907           881,901     2,145,523
                                              -------   ---------          -------      ---------
       Total common shares outstanding      8,081,847   7,960,852         8,038,804     7,983,329
                                            ---------   ---------        ---------     --------- 

Net income per common and common
  equivalent share                            $.19        $.12              $.48          $.30





</TABLE>