Forrester Revenues Rise

Tech specialist Forrester Research has reported first quarter revenue up to $75.2m from $73.1m in Q1 2014. Revenues from the Research division were up 2% to $51.9m from $50.8m, while Advisory Services and Events revenues rose 5% to $23.3m from $22.2m a year earlier.

On a GAAP basis, group net loss was $0.2m for the first quarter of 2015, compared with net loss of $0.1m for the same period in 2014. On a pro forma basis, excluding stock-based compensation and reorganization costs among others, net income was $3.3m, up from $2.0m for the same period in 2014.

Chairman and CEO George Colony (pictured) stated: 'Despite significant FX headwinds, Forrester met revenue and operating income targets and exceeded EPS guidance for the first quarter. We are on pace against our stated plan to gradually improve growth and expand margin this year with the goal to go faster in 2016.'

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.

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