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Forrester Achieves Double Digit Growth
Forrester Research has announced 10.6% revenue growth in 2005 - the first organic double-digit growth rate for the company since 2000. The company plans to focus on its syndicated products in the coming year, particularly the WholeView2 research tool.
Results for the fourth quarter of 2005 and for the full year are as follows.
Three months to 31 December 2005
Revenues $41.2m (+9%)
Net income $4.8m/$0.22 per diluted share (+23%)
Full year to 31 December 2005
Revenues $153.2m (+10.6%)
Net income $14.8m/$0.68 per diluted share (+15.6%).
Percentage figures indicate growth compared with the same period in the previous year.
George Colony, Chairman and CEO, said: 'During the past year, Forrester made progress on its goal to stabilize and increase sales of its core research product, WholeView 2. In addition, we posted healthy growth in other products including consulting, data, and Forrester Leadership Boards. In 2006, we will maintain our primary focus to drive sales of syndicated products, particularly WholeView 2.'
Forrester is predicting revenues of $38-40m in the first quarter of 2006, and $175-180m revenues for the full year 2006. The company is online at www.forrester.com
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