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Good Financial End to 2000 for Forrester Research
14/2/01



Forrester Research has released strong financial results for the three months and year ending December 31, 2000. Total company revenues for the fourth quarter of 2000 were up 73% to US$47.9 million, from US$27.7 million in the comparable 1999 quarter.

For the year ended December 31, 2000, Forrester reported revenues of US$157.1 million, an 80% increase from the $US87.3 million posted for 1999. Net income for 2000 rose 86% to US$21.6 million, compared with pro forma net income of US$11.6 million in 1999.

Commenting on the company’s overall performance, Forrester chairman and CEO George F. Colony has said, "We are pleased with our fourth-quarter performance. Our focus on emerging technologies and helping Global 3,500 companies transform to e-Businesses continues to set us apart as a leading research force. Our ability to scale (by creating innovative research products and opening new markets across the globe) played a significant role in our profitability and growth. Forrester's deep business and technology focus delivered relevant and valuable insight to the company's widening customer base."

Underlying these results, Forrester’s operations continued to expand internationally during late 2000. The company opened Research Centre Deutschland and introduced two new German-language Market Focuses (Financial Services and B2C) for example. The drive here is to improve the German-language research offered and to create a model for native-language research. The company also has plans to open two new North American Research Centres in Toronto and San Francisco. Both locations are known to be lucrative areas of e-business and research sales.