Forrester Revenue Decline Continues in Q2

US tech consultancy and researcher Forrester has announced financial results for the second quarter of 2025, ended June 30th, with total revenues of $111.7m, down 8.3% from $121.8m a year earlier.

Research division revenues fell 6.9% to $77.9m, Consulting revenue 5.3% to $23.5m and Events 23.2% to $10.2m. Adjusted net income fell 24% to $9.8m. For the full year 2025 the firm is now forecasting total revenues of c.$400-410m, down 5.2-7.5% on the year.

The results continue a decline which saw revenue down 10% in 2024 as a whole, and the same in Q1 of 2025. CEO and Chairman George F. Colony comments, 'As predicted, the second quarter saw ongoing market uncertainty, which continues to impact CV [Contract Value]. Despite macroeconomic pressures, we delivered revenue, operating margin, and EPS above consensus. We also remained focused on delivering research insights that help business leaders execute on their key priorities, alongside continuous enhancements to our generative AI tool, Izola.'

Home page: www.forrester.com .