Forrester Revenues Up 11%

In the US, technology specialist Forrester Research has reported an11% increase in revenue to $65.7m for the first three months of the year, compared with $59.2m last year.

During the period, income from the firm's research services rose 13% to $44.5m (2010: $39.4m), while sales of advisory and other services increased 7% to $21m (2010: $19.7m). Net income fell from $5.7m for the first three months of 2010, to $2.9m in the latest quarter.

'Our first quarter financial performance was consistent with our expectations during a year of planned significant investments to support growth in our business,' said George Colony, Chairman and CEO. 'In addition to delivering double-digit revenue growth in the first quarter, our key metrics remained strong.'

Forrester is predicting second quarter 2011 revenue of between $71.5m and $74.5m and full-year 2011 revenue of between $282m and $288m.

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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