'Good Momentum' for Forrester

Technology specialist Forrester has reported revenue of $313.7m for the full year 2015, $81m of it in the fourth quarter. In constant currency terms Research revenues rose 5 percent while advisory services and events were up 2 percent.

Reported revenue for the Research division for Q4 was down slightly to $53.60m from $53.78m in the prior year period, and for the full year was $210.3m, up from $207.5m in 2014.

Overall for the group, total fourth quarter revenues rose slightly to $80.97m from $80.68m in the prior year period. On a pro forma basis, Q4 net income was $4.3m, compared with $5.7m a year previously; while for the full year pro forma net income rose from $18.7m to $20.5m.

Chairman and CEO George Colony (pictured) says of the results: 'Forrester met revenue and operating income guidance for the quarter and exceeded EPS guidance for the fourth quarter and full year 2015. Companies are more aggressively investing in customer-obsessed strategies, a dynamic that plays to our unique value in the market. While we still have work to do, our strategy is working, and we have good momentum going 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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