Forrester Expects 10% Revenue Drop This Year

Cambridge, MA-based technology research and consulting company Forrester has reported first quarter revenue down 4.9% to $85.5 million. An adjusted net loss of $692k replaced income of $2.0 million a year earlier.

Consulting division revenue fell 13% to $18.6m while the larger Research division held up better, falling just 2.2% to $66.9 million.

CEO and Chairman George F. Colony (pictured) says the firm is seeing 'continued momentum in its metrics' and has improved its AI capabilities in the quarter, enabling clients to access Forrester's research from their systems and workflows, and more easily build its data and analysis into their emails, presentations and documents. He concludes: 'We believe our relentless focus on evolving our product portfolio to deliver better value to clients, and improving go-to-market execution, will continue to position us for a successful 2026.'

The firm is providing full year guidance of $350.0 million to $360.0 million total revenue - down 11.8% to 9.3% on the year, and adjusted operating margin - excluding a goodwill impairment charge and other costs - of around 6.0% to 6.5%. Forrester's revenue fell 8.2% in 2025, to $396.9 million.

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.