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Revenue Growth for Forrester

February 14 2019

US-based research and advisory firm Forrester has reported an 11% rise in research revenues to $62.0m for the fourth quarter of 2018, compared with $56.9m in the prior year period. Full year research revenues were up 6% to $228.3m.

George ColonyOverall for the group, four quarter total revenues were $98.6m, compared with $90.4m Q4 2017, with advisory services and events revenue up 6% to $36.5m. On a constant-currency basis, research revenues increased 12%, and advisory services and events revenues increased 7%, compared with Q4 2017.

For the year ended December 31st 2018, advisory services and events revenues increased 7% to $129.1m; while on a constant-currency basis, research revenues increased 5%, advisory services and events revenues 6%, and overall revenue 6%, compared with 2017. On a GAAP basis, net income was $15.4m compared with $15.1m for 2017.

Chairman and CEO George Colony (pictured) comments: 'We set an ambitious agenda for ourselves in 2018, and we succeeded. We completed the rollout of our customer engagement model across North America, Europe, and Asia, and we acquired three companies: SiriusDecisions, FeedbackNow, and GlimpzIt. As we move into 2019, we are confident that we can successfully capitalize on these acquisitions and continue to drive growth'.

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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