Good Quarter for Forrester

Tech researcher Forrester has announced second quarter revenue up 7.5% to $96.4m for the second quarter of 2018.

Research revenues rose 7%, and advisory services and events 8%. Pro forma net income was $9.6m, up from $7.6m in Q2 2017. For the third quarter, the firm predicts revenue of $82-85m a pro forma operating margin of c.8.5% to 10.5%; and for the full year 2018, revenue of $352.0m to $360.0m and pro forma margin c.9.5% to 10.5%.

According to Chairman and CEO George F. Colony (pictured), the firm exceeded revenue, operating margin, and EPS guidance. He comments: 'We had a good quarter. Our selling model continues to show results, and the acquisitions of FeedbackNow and GlimpzIt will help accelerate our build of the real-time CX Cloud, providing our clients the insights they need to win in a customer-led market. We remain positive about our strategy and growth'.

Web site: www.forrester.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.