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Forrester Third Quarter Results
Forrester Research has this week reported third quarter 2006 financial results showing total revenues at US$44.1 million compared with US$39 million in the year earlier period. Net income for the quarter on a GAAP-reported basis came in at US$5.3 million compared with US$2.6 million in the year earlier period.
For the nine month period ended 30 September, total revenues were US$132.5 million, compared with US$110.7 million for the same period last year. Revenue related to the Ultimate Consumer Panel business, which was sold during the third quarter, is included as a component of income from discontinued operations for both periods.
On a GAAP-reported basis, Forrester reported net income of US$10.7 million for the nine month period, compared with net income of US$7.8 million in the year earlier period.
According to chief executive, George F. Colony, "Our business remains strong and we are on a path to achieve our full-year guidance. During the third quarter, we again performed well against key indicators, including client retention, operating margin, and EPS, while we continue on track to meet this year's revenue goal for our syndicated research and Forrester Leadership Boards business."
For the fourth quarter they are predicting total revenues of roughly US$47 million to US$50 million and for the full year total revenues of approximately US$179 million to US$182 million
The company is online at www.forrester.com
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