Forrester Q3 Growth Driven by Research Arm

In the US, research and advisory firm Forrester has reported third quarter revenue of $127.7m, up 8.1%, led by the Research division which saw growth of 10.3% to $87.0m.

On a GAAP basis, group net income was $5.4m, compared with $4.5m for the same period in 2021; and on an adjusted basis $10.9m, compared with $7.9m.

By division, Consulting revenues were flat at $37.3m - and Events revenues rose to $3.3m from $867k last year. For the fourth quarter, Forrester is predicting total revenues of c. $134m to $144m.

Commenting on the announcement, founder, CEO and Chairman George Colony (pictured) stated: 'We are on track to have one-third of our CV in the Forrester Decisions platform by year-end, and we remain focused on creating shareholder value for the long term. With today's announcement, we are raising our guidance for the balance of the year, given the results we have posted today and our ongoing ability to manage costs'.

Web site: www.forrester.com .