In the US, technology specialist Forrester Research has reported a 7% increase in second quarter revenues to $79.1m from $73.5m a year previously.
For the six month period ended June 30, net income rose to $7.8m, from $5.5m in H1 2011. Total revenues rose 6.8% to $149.4m, and net income was up 23.6% to $11m.
George Colony (pictured), Forrester’s founder, Chairman and CEO, commented: ‘Forrester met our revenue guidance and exceeded operating margin and earnings per share for the second quarter. However, we are reducing revenue and profit guidance for the year. In the past six months, we put in place ambitious initiatives and organizational changes to better serve our clients. There is progress as a result of these changes, but more time is needed before they have a significant impact on our financial performance.’
For the full year 2012, Forrester is anticipating total revenues of around $295.0m to $300.0m.
Web site: www.forrester.com