Research Revenues Up at Forrester

Technology consulting specialist Forrester Research has reported a 3% increase in Research revenue to $52.2m for the third quarter, compared with $50.6m in Q3 2014. However, on a constant currency basis, Research revenue rose 7%.

Currency movements meant the Group as a whole reported a slight dip in revenue to $74.8m from $75.5m the previous year, but net income rose from $3.0m in Q3 2014 to $4.5m. On a pro forma basis, net income was $5.5m, versus $4.7m in 2014.

The firm's Advisory Services and Events business arm saw revenues fall 9% during the quarter, to $22.5m from $24.7m the prior year, a fall of 6% in constant currency terms.

Chairman and CEO George Colony (pictured) comments: 'We met revenue and exceeded earnings-per-share guidance as we continue to see appetite from clients to develop a customer-obsessed business strategy. The work to optimize our products and operations continues, and we anticipate increased momentum throughout the fourth quarter and into 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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